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 and take the insurer private …
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 acquire all outstanding shares of AmTrust …
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 equity firm Madison Dearborn Partners (MDP). Barry Zyzkind, AmTrust’s …
Israeli energy conglomerate Delek said its planned sale of a controlling stake in Israeli insurer Phoenix Holdings to China’s Fujian Yango Group has been called off by both sides after it failed to secure regulatory approval. It did not give …
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 knowledge of any investigation and has tried to …
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 Liability. “We’ve been committed to helping our producers serve the small …
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 ending September 30, 2016, ANV’s three managed …
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 managing general agency focused on programs …
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 part of the acquisition deal, AmTrust said …
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 service contracts for new and used automobiles through a network …
