AmTrust Acquires DUAL North America’s Middle Market Management Liability Practice

AmTrust

AmTrust Financial Services, Inc. announced today that it has acquired DUAL North America’s middle market management liability business, including its underwriting team and portfolio renewal rights. As part of the deal, seven DUAL executives will join AmTrust’s EXEC unit. “This acquisition represents an excellent, complementary addition to an already strong business at AmTrust,” said Jim… Continue reading AmTrust Acquires DUAL North America’s Middle Market Management Liability Practice

AmTrust CEO-backed SPAC Files for $300 Million IPO

A Notebook with Business notes initial coin offering ICO vs IPO Initial Public Offering with office tools on yellow blue background. Concept of the choice of IPO or ICO

A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on Friday. Pine Technology Acquisition Corp said it plans to sell 30 million units, made up of shares and warrants, priced at $10 per share on the… Continue reading AmTrust CEO-backed SPAC Files for $300 Million IPO

AmTrust, Former CFO to Pay $10.5M to Settle SEC Charges

AmTrust

Insurer AmTrust Financial Services Inc and its former CFO Ronald Pipoly have agreed to pay a combined $10.5 million to settle charges by the U.S. Securities and Exchange Commission that they failed to disclose material facts about how the company estimated its insurance losses and reserves, the agency announced Wednesday. In a complaint filed in… Continue reading AmTrust, Former CFO to Pay $10.5M to Settle SEC Charges

AmTrust $2.95B Take-Private Deal Gets Regulatory Approval

Chubb buys General Aviation Insurance

AmTrust’s $2.95bn take-private deal with Stone Point Capital is set to close today after the insurer announced yesterday evening that the transaction has been given the green light by regulators. Closing the deal has been a lengthy process, with AmTrust chairman and CEO Barry Zyskind, his wife’s family the Karfunkels and backers led by private… Continue reading AmTrust $2.95B Take-Private Deal Gets Regulatory Approval