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 …
As promised last month, the majority shareholders of AmTrust Financial Services Inc. have set forth a $2.7 billion plan to take the insurer private. The deal is being funded by founding family members and shareholders George and Leah Karfunkel along …
A property/casualty insurer wants consumers to be able to easily locate and protect all of their tech devices with one app rather than having a warranty or service contract for each device. Specialty insurer AmTrust Financial Services launched its new …
AmTrust named one of its executives focused on merger as its new chief financial officer. Adam Karkowsky has served as AmTrust’s executive vice president for Strategic Development and Mergers & Acquisitions since March 2011. He’ll replace Ronald Pipoly Jr., who …
AmTrust Financial Services Inc., the provider of workers’ compensation insurance, surged in New York trading after members of the chief executive officer’s family agreed to inject $300 million for new shares in a private placement. The family of CEO Barry …
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 …
OneBeacon Insurance Group is exiting the crop insurance business. The Bermuda-domiciled insurance holding company made it official with the sale of its exclusive managing general agency – Climate Crop Insurance Agency – to AmTrust Financial Services. As part of that …
AmTrust Financial Services has closed its purchase of a workers’ compensation insurer—a subsidiary of Blue Cross & Blue Shield of Florida (Florida Blue)—right according to plan. AmTrust isn’t disclosing its purchase price of Comp Options Insurance Co., but the New …
San Juan Capistrano, CA, 03/04/13 – King Insurance is now the exclusive MGA for the AmTrust RV & Mobile Home Park program. The program is designed for the average to above average risk and is competitively priced. King Insurance will …
California Insurance Commissioner Dave Jones announced on July 8 the “successful implementation” of a court-approved rehabilitation plan for Majestic Insurance Co., a plan that has been opposed by New York officials and some of Majestic’s contractor customers. Designed to protect …
