Barry Zyskind News

Canopius Signs Agreement to Purchase AmTrust at Lloyd’s

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 2019, the deal will result in the …

Newly-Privatized AmTrust Announces Leadership Changes

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 company. AmTrust Financial Services Inc. (AFSI) …

AmTrust Shareholders Approve Revised $2.95 Billion Plan to Go Private

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 a previous proposal. The …

Icahn Backs Revised AmTrust Deal But Investor Arca Balks

U.S. insurer AmTrust Financial Services Inc. on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by …

Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan

The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc. Arca Capital owns approximately 2.4 percent of outstanding shares of …

AmTrust Weighs Going Private with Stone Point Capital, CEO Zyskind

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 Buys ANV Holdings for $203M – More Than Doubling Its Lloyd’s Presence

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 Seeks to Boost Lloyd’s Presence with Purchase of Specialty Insurer ANV

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 …