Latest Amtrustfinancial Headlines
All the headlines from our Amtrustfinancial Topic Page, ordered by recency.
Ratings Roundup: Berkley (Europe), Brit, Maiden, Länsförsäkringar, Ocaso
Jun 16 2008 // Standard & Poor’s Ratings Services has assigned its ‘A’ long-term counterparty credit and insurer financial strength ratings to U.K.-based non-life insurer W.R. Berkley Insurance (Europe) Ltd....
Best Affirms Am Trust Group Ratings; Revises Outlook to Positive
Jun 13 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the New York-based AmTrust Group. The ratings also “apply to...
AmTrust Agrees to Acquire Unitrin’s Business Insurance Unit
Dec 10 2007 // Unitrin, Inc. reports it has worked out an agreement to sell its Unitrin Business Insurance unit to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed. Unitrin had previously announced in...
Business Moves
Sep 24 2007 // Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech...
Business Moves
Sep 24 2007 // HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in...
Unitrin to Sell Business Insurance Segment to AmTrust
Sep 6 2007 // Chicago-based Unitrin, Inc. has agreed to sell its Unitrin Business Insurance segment to AmTrust Financial Services, Inc. in a cash transaction. Terms were not disclosed; however, Unitrin indicated that the transaction is...
Best Affirms AmTrust Group Ratings
Jun 11 2007 // A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of the New York-based AmTrust Group. The ratings also apply to...
Business Moves
Dec 4 2005 // TD Banknorth, Boothby & Bartlett TD Banknorth Inc. is expanding its insurance presence in central Maine by purchasing Boothby & Bartlett Company, a community insurance agency in Waterville, Maine. The acquisition...
Alea Sells Renewal Rights of U.S. Primary Program Business
Nov 22 2005 // Bermuda-based Alea Group Holdings Ltd. has announced that it has entered into an agreement to sell the renewal rights to certain portions of its U.S. primary program business written by Alea Alternative Risk (AAR) to...
A.M. Best Upgrades AmTrust to ‘A-‘
Jun 30 2003 // A.M. Best Co. has upgraded its rating of Beachwood, Ohio-based AmTrust Group (AG), which focuses on workers’ compensation for smaller employers, to “A-” (Excellent) based on a quantitative and qualitative...
Ohio Director, AmTrust Financial Settle Dispute
Feb 15 2002 // Ohio Department of Insurance Director Lee Covington, in his capacity as Liquidator of Credit General Insurance Company, announced a settlement with New York-based AmTrust Financial Group resolving all disputes that were...
Ohio Director Sues New York-Based Company
Nov 8 2001 // Ohio Director of Insurance Lee Covington, acting in his capacity as liquidator of property and casualty insurer Credit General Insurance Company (CGIC), sued New York-based AmTrust Financial Group and its subsidiaries...
Credit General Signs Cut-Through, Resumes Writing
Oct 2 2000 // Credit General Insurance Company and Credit General Indemnity Company are back on track after a brief period in which the companies stopped writing new business. Henry C. Sibley, vice president of underwriting, sent a...
Credit General Insurance, Indemnity Enter Cut-Through Arrangement With AmTrust Financial
Sep 22 2000 // For Credit General, the arrangement provides access to additional surplus upon which to write new business, as well as the security of AmTrust’s surplus. Credit General has resumed writing new business, which it...
