Latest Amtrustfinancial Headlines
All the headlines from our Amtrustfinancial Topic Page, ordered by recency.
AmTrust, NGH to Acquire Tower Group Renewal Rights; Tower Signs $172M Merger Deal with ACP Re
Jan 6 2014 // In two announcements, AmTrust Financial Services said it would acquire renewals rights for Tower Group International’s commercial lines business for $125 million, and Tower said it entered into a $172 million merger...
AmTrust Financial Refutes Negative Report, Says Future Has ‘Never Been Brighter’
Dec 17 2013 // AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its business is strong. The...
AmTrust to Acquire The Insco Dico Group in California
Sep 27 2013 // AmTrust Financial Services Inc. has entered into a definitive agreement to acquire The Insco Dico Group for roughly $85 million, $7 million above its tangible book value, the company has announced. The acquisition is to be...
National Glass Exchange, AmTrust to Offer Windshield Protection Plans
Jun 27 2012 // The AmTrust Group of insurance carriers and its sister company, Warrantech, will now be supporting the National Glass Exchange’s (NGE) Windshield Protection Plans. Through the new agreement, AmTrust will provide the...
California Based Builders & Tradesmen’s Insurance Purchased by AmTrust
Jan 5 2012 // Rocklin, Calif.-based Builders & Tradesmen’s Insurance Services Inc. (BTIS) has been purchased by AmTrust Financial Services Inc. BTIS is an insurance wholesaler and general agent specializing in the procurement...
AmTrust Europe to Open Branch in Italy
Nov 18 2011 // UK-based insurer AmTrust Europe, Ltd., a FSA [Financial Services Authority] authorized insurance company, which already has had operations in Italy “under freedom of services (LPS) for a number of years,”...
California Completes Majestic Insurance Transfer to AmTrust
Jul 11 2011 // California Insurance Commissioner Dave Jones announced on July 8 the “successful implementation” of a court-approved rehabilitation plan for Majestic Insurance Co., a plan that has been opposed by New York...
Ratings Recap: Lititz, Integon, Maiden, AmTrust, MLBA Mutual
Jun 15 2011 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A+ (Superior) and issuer credit rating of “aa-” of Lititz Mutual Insurance Pool, which includes the...
Calif. Places Majestic Insurance into Conservatorship
Apr 21 2011 // Workers’ compensation insurer Majestic Insurance Co. has been placed into conservation by order of the San Francisco Superior Court. California Insurance Commissioner Dave Jones has simultaneously filed a motion...
Majestic Capital Terminates Merger Agreement with Bayside Capital
Mar 21 2011 // Bermuda-based Majestic Capital Ltd. announced that Bayside Capital Partners LLC has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material...
AmTrust Launches Contractors General Liability Program
Sep 27 2010 // AmTrust North America, a business unit of AmTrust Financial Services Inc. has formed a contractors general liability insurance program, a new underwriting classification available exclusively to licensed wholesale surplus...
Business Moves
Apr 19 2010 // The Hanover, Campania Group Massachusetts-based The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment...
CRM Holdings Forms Strategic Alliance with AmTrust Financial Services
Apr 8 2010 // CRM Holdings Ltd., a Bermuda-based workers’ compensation insurance provider, announced that its primary insurance subsidiary, Majestic Insurance Co., has entered into a quota share agreement with certain subsidiaries...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
Business Moves
Nov 15 2009 // TLLA, Crawford Claims management provider Crawford & Company has acquired certain assets of Technical Loss Adjustment and Appraisal LLC (TLAA) of Chicago. The firm’s five experienced adjusters have joined...
Business Moves
Nov 1 2009 // Combined Agents, First Texas, Lake Combined Agents of America LLC (CAA), based in Austin, Texas, has added two new members: First Texas Insurance Services LC of Arlington, Texas; and Lake Insurance Agency Inc. of Laverne,...
Business Moves
Nov 1 2009 // AmTrust, American Capital, GMAC AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty...
AmTrust to Invest $42 Million in ACAC Acquisition of GMAC P/C Insurance
Oct 21 2009 // AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it...
AmTrust to Buy Workers’ Compensation Unit CyberComp from Swiss Re
Aug 27 2009 // New York-based AmTrust Financial Services, Inc. has agreed to acquire CyberComp, the workers’ compensation business unit of Swiss Re, in a renewal rights transaction. Serving the workers’ compensation needs of...
Ratings Roundup: Catlin (US), R.V.I., Companion, AmTrust
Aug 19 2008 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ long-term counterparty credit and insurer financial strength ratings to Catlin Speciality Insurance Co. (CSCI) and Catlin Insurance Co. Inc....
