Latest Amtrustfinancial Headlines
All the headlines from our Amtrustfinancial Topic Page, ordered by recency.
BTIS Announces Launch of New Online Commercial Auto Program
Aug 18 2016 // Rocklin, CA, August 18, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) is pleased to announce the launch of a new instant online quote Commercial Auto program, available in 30...
CastlePoint National Conserved by California Regulator to Protect Policyholders
Jul 29 2016 // CastlePoint National Insurance Co., the sole remaining carrier member of the Tower Group, was placed into conservation on Thursday by order of the San Francisco Superior Court to protect policyholders and injured workers...
AmTrust Acquires Total Program Management in New York
Jun 17 2016 // AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed. Founded in 2005, Total Program Management is a...
A.M. Best Upgrades Ratings of Republic Underwriters Insurance, Affiliates
May 17 2016 // A.M. Besthas removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from...
AmTrust Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV
Apr 20 2016 // AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd’s affiliates for $218.7 million in cash. The seller is the Ontario Teachers’ Pension Plan. As...
Builders & Tradesmen’s Insurance Again to Offer Free Fraud Protection in CA
Jan 6 2016 // Rocklin, CA, January 6, 2016- Builders & Tradesmen’s Insurance Services, Inc. (BTIS) will be offering Fraud Protection at no extra charge to all California-based contractors that purchase their Victory...
Ratings of Pennsylvania-Based ARI Mutual Downgraded
Dec 22 2015 // A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit rating to “bb” from “bbb-” of ARI Mutual Insurance Company based in Newtown, Pennsylvania....
A.M. Best: Republic Underwriters Insurance Co. Ratings Under Review
Oct 5 2015 // A.M. Best has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Dallas-based Republic Underwriters Insurance Co....
AmTrust Financial to Buy Texas-Based Insurer, Republic
Sep 28 2015 // AmTrust Financial Services Inc. announced that it has agreed to acquire Republic Companies Inc. and its affiliates (Republic) from Delek Group Ltd. and Republic Insurance Holdings LLC. Republic is based in Dallas. The...
Workers’ Compensation Premiums Up 5.3% in First Half of 2015: Demotech
Sep 25 2015 // Workers’ compensation insurers reported a 5.3 percent increase in direct written premiums during the first six months of 2015 versus the same period in 2014, according to actuarial firm Demotech’s review of...
Builders & Tradesmen’s Insurance to Offer Free Fraud Protection in CA
Aug 24 2015 // Rocklin, CA, August 24 2015-Builders & Tradesmen’s Insurance Services, Inc. (BTIS) will be offering Fraud Protection at no extra charge to purchasers of their Victory Admitted Contractor General Liability policy...
AmTrust to Pay $152M for Wells Fargo’s Vehicle Warranty Business
May 7 2015 // New York-based insurance holding company AmTrust Financial Services Inc. has agreed to acquire Warranty Solutions, a Wells Fargo business, for $152 million in cash. Warranty Solutions markets and underwrites vehicle...
Business Moves
Apr 6 2015 // Brown & Brown, Spain Agency Brown & Brown Inc. announced that its subsidiary Brown & Brown of New York Inc. has acquired certain assets of Spain Agency Inc., an independent agency based in Mahopac, N.Y....
AmTrust to Acquire ARI Mutual Insurance in Pennsylvania
Mar 18 2015 // AmTrust Financial Services Inc. announced today that it has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire ARI Mutual Insurance Company in Newtown, Pennsylvania, following the...
AmTrust Financial Services Completes CorePointe Insurance Acquisition
Mar 3 2015 // AmTrust Financial Services Inc. has completed the acquisition of Michigan-based CorePointe Insurance Co. Established in 1964, and located in Birmingham, Mich., CorePointe is a specialty property/casualty insurance company...
AmTrust Acquires New York’s Oryx Insurance Brokerage
Jan 7 2015 // AmTrust Financial Services Inc. announced that it has acquired privately held Oryx Insurance Brokerage Inc. from Oryx’s principals for cash. Further terms of the transaction were not disclosed. Oryx was established...
AmTrust Financial Services to Acquire CorePointe Insurance Co.
Nov 24 2014 // AmTrust Financial Services Inc. announced it has entered into a definitive agreement to acquire Birmingham, Mich.-based CorePointe Insurance Co. (CorePointe), a wholly owned subsidiary of CorePointe Group LLC. The cash...
AmTrust Buys Workers’ Compensation Unit from Florida Blue Cross
Oct 6 2014 // AmTrust Financial Services has closed its purchase of a workers’ compensation insurer—a subsidiary of Blue Cross & Blue Shield of Florida (Florida Blue)—right according to plan. AmTrust isn’t disclosing...
AmTrust to Acquire Florida Workers’ Comp Insurer OptaComp
Jun 30 2014 // AmTrust Financial Services Inc. announced that it has agreed to purchase Comp Options Insurance Co. Inc., a Jacksonville, Florida-based workers’ compensation insurer and a subsidiary of Blue Cross & Blue Shield...
Best Affirms AmTrust Financial and Subs P&C Ratings; Outlook Stable
Jun 2 2014 // A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI),...
