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 agreement with Bermuda reinsurer ACP Re Ltd. The …
AmTrust Financial Services Inc. hiked rates by 15 percent on its California workers’ compensation business in 2013, and it is not alone. SNL data shows multiple companies took rate during the first half of 2013. The rates used in this …
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 insurer described the negative report as “misleading …
Oklahoma City-based BancInsure, a former provider of insurance to community banks that lost surplus as a result of the recent financial crisis, announced it has reentered the insurance marketplace with a new business strategy focusing on non-financial customers and with …
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 funded through existing working …
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 and brokering of insurance policies and bonds for small contractors. The …
