Latest Amtrustfinancial Headlines
All the headlines from our Amtrustfinancial Topic Page, ordered by recency.
Icahn Backs Revised AmTrust Deal But Investor Arca Balks
Jun 7 2018 // U.S. insurer AmTrust Financial Services Inc. on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen...
AmTrust, Lacking Votes, Reschedules Meeting on Contested Going-Private Plan
Jun 5 2018 // Lacking enough shareholder votes for approval, AmTrust Financial Services Inc. has postponed until June 21, 2018, the special meeting on a plan to take the insurer private. The meeting was originally scheduled for...
Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors
May 21 2018 // Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing...
Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan
May 21 2018 // The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc. Arca Capital owns...
Investor Icahn Opposes AmTrust Plan to Go Private
May 17 2018 // AmTrust Financial Services Inc. jumped almost 12 percent in late trading Thursday after billionaire Carl Icahn disclosed a stake in the company and said he planned to oppose its plans to go private. “I am strongly...
What A.M. Best Thinks of AmTrust’s Plan to Go Private, Sell Some Fee-Based Business
Mar 5 2018 // A.M. Best, which placed the ratings of AmTrust Financial Services under review with negative implications last November, says it is still reviewing the impact of the company’s plans to sell some of its fee business...
Insurer AmTrust Unveils $2.7 Billion Plan to Go Private
Mar 1 2018 // As promised last month, the majority shareholders of AmTrust Financial Services Inc. have set forth a $2.7 billion plan to take the insurer private. The deal is being funded by founding family members and shareholders...
AmTrust Weighs Going Private with Stone Point Capital, CEO Zyskind
Jan 10 2018 // A bid is afoot to take AmTrust Financial Services private. Stone Point Capital Partners, along with AmTrust Chairman and CEO Barry Zyskind and Director George Karfunkel (and his wife, Leah Karfunkel), have proposed to...
AmTrust’s TapSafe Covers All of a Consumer’s Connected Devices with a Single App
Jan 9 2018 // A property/casualty insurer wants consumers to be able to easily locate and protect all of their tech devices with one app rather than having a warranty or service contract for each device. Specialty insurer AmTrust...
AmTrust Selling Stake in Certain Units to Raise $950M
Nov 7 2017 // AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private...
AmTrust Signs $400M Reinsurance Agreement with Premia
Jul 7 2017 // Hoping to reassure stakeholders that the company is “well insulated from any potential reserve volatility in the future,” specialty insurer AmTrust Financial Services Inc. has entered into an agreement for a...
AmTrust Sells Shares in National General Holdings for $212 Million
Jun 9 2017 // AmTrust Financial Services Inc. said it has agreed to sell shares it owns in National General Holdings Corp. for approximately $211.7 million. AmTrust has agreed to sell 10,586,000 common shares of NGHC at a price of...
Karkowsky Succeeds Pipoly as AmTrust CFO
Jun 6 2017 // AmTrust named one of its executives focused on merger as its new chief financial officer. Adam Karkowsky has served as AmTrust’s executive vice president for Strategic Development and Mergers & Acquisitions since...
AmTrust Gets $300M Boost from CEO’s Family
May 30 2017 // AmTrust Financial Services Inc., the provider of workers’ compensation insurance, surged in New York trading after members of the chief executive officer’s family agreed to inject $300 million for new shares in...
AmTrust Denies Knowledge of FBI Accounting Probe; Touts New Financial Team
Apr 12 2017 // AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based insurance company denied...
BTIS Announces Launch of New Direct Bill Option for Victory Contractor General Liability
Jan 13 2017 // Rocklin, CA, January 13, 2017- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of BTIS DirectPay, the direct bill option for Victory Contractor General...
Business Moves
Nov 21 2016 // USI, Johnson & Bryan USI Insurance Services has completed its transaction to purchase Johnson & Bryan, a retail property/casualty and employee benefits insurance brokerage firm based in Atlanta. Terms of the...
AmTrust Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence
Nov 8 2016 // AmTrust Financial Services Inc. announced it has completed the acquisition of ANV Holdings B.V. and its affiliates from Ontario Teachers’ Pension Plan for approximately $203 million in cash. During the last 12 months...
New York’s AmTrust Acquires AmeriHealth Casualty Insurance
Oct 31 2016 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has entered into an agreement to acquire AmeriHealth Casualty Insurance Company from Independence Health Group Inc....
BTIS announces partnership with Hiscox for new bind-online Small Business Program
Sep 28 2016 // Rocklin, CA, September 28, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new partnership with Hiscox providing access to small business solutions in 49...
