Latest Amtrustfinancial Headlines
All the headlines from our Amtrustfinancial Topic Page, ordered by recency.
Safeco Acquiring Republic’s Personal Lines Business in 6 States
Mar 23 2020 // AmTrust Financial Services said it will transfer to Liberty Mutual’s Safeco Insurance unit the renewal rights for the personal lines business in six states of Dallas-based Republic Group, an AmTrust company. The deal...
AmTrust to Transfer Republic Personal Lines Business to Liberty Mutual
Mar 6 2020 // AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic personal lines business. The deal involves Liberty’s Safeco Insurance unit, and it will allow Republic...
South & Western to Service AmTrust Farm/Ranch Business in Oklahoma, Texas
Feb 4 2020 // South & Western General Agency Inc., with offices in Addison, Texas, and Memphis, Tennessee, has reached an agreement with AmTrust to underwrite and service AmTrust’s Farm and Ranch business in Oklahoma and...
AmTrust Promotes CFO Karkowsky to President
Dec 6 2019 // AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer. The company said Karkowsky will continue to also serve in the...
Liberty Mutual Completes Acquisition of 3 AmTrust European Businesses
Oct 4 2019 // Liberty Mutual Insurance announced it has completed the acquisition of three European subsidiaries of AmTrust Financial Services: Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain. “Completing...
Canopius Completes Acquisition of AmTrust at Lloyd’s
Oct 3 2019 // Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading...
AmTrust E&S Insurance Services Taps Lynn to Lead New Excess Casualty Division
Sep 24 2019 // AmTrust E&S Insurance Services is expanding its offerings with the launch of an excess casualty underwriting division. To lead the Los Angeles-based new business unit, AmTrust E&S has hired Jeff Lynn, who brings 15...
Business Moves
May 6 2019 // National ProAg, AmTrust Agriculture Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory...
Tokio Marine’s ProAg to Acquire AmTrust Financial’s Crop Insurance MGA
Apr 22 2019 // Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory approvals, is expected to close by May 1....
Canopius Signs Agreement to Purchase AmTrust at Lloyd’s
Apr 18 2019 // Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3...
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business
Apr 15 2019 // Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing,...
Suit Questions Maiden Holdings’ Handling of AmTrust Portfolio Risks
Feb 19 2019 // Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. The complaint alleges...
People
Feb 4 2019 // AmTrust Financial Services announced leadership changes as it moves forward as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals. AmTrust announced...
Newly-Privatized AmTrust Announces Leadership Changes
Jan 9 2019 // AmTrust Financial Services announced leadership changes as it moves forward now as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the...
‘Barista Wrist’ Among Restaurant Industry’s Highest Lost Time Injuries
Dec 28 2018 // Restaurant workers miss about a month from work from a variety of injuries, on average, but for coffee shop workers, wrist injuries are the biggest danger. In fact, Barista Wrist, can keep café workers sidelined for more...
A.M. Best Downgrades AmTrust As Insurer Prepares to Go Private
Jul 5 2018 // A.M. Best has downgraded its financial strength and credit ratings for insurer members of the AmTrust Group, not long after AmTrust Financial Services Inc. (AFSI) shareholders approved a $2.95 billion deal that will make...
People
Jul 2 2018 // The Hanover Insurance Group Inc. has appointed Frank M. Baron as president of Alternative Markets, a newly formed business unit within the company’s domestic specialty group. In this role, Baron will lead the...
Here’s a Shocker: Insurance Industry Reserves Still Adequate
Jun 25 2018 // Although analysts at Conning didn’t actually use the word “shocked” in their latest report on the property/casualty industry’s loss reserve position, the title of the report—and the image on the...
AmTrust Shareholders Approve Revised $2.95 Billion Plan to Go Private
Jun 21 2018 // Insurer AmTrust Financial Services said that AmTrust stockholders have approved a deal for it to become a private entity, a deal that values it at $2.95 billion and was negotiated after activist investor Carl Icahn opposed...
New York’s AmTrust Appoints Hickey as Group Chief Underwriting Officer
Jun 12 2018 // AmTrust Financial Services Inc., a multinational insurance holding company headquartered in New York City, has named J. Daniel Hickey as group chief underwriting officer. Hickey is based at AmTrust’s New York City...
