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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:47 EDTTWGP, AFSIAmTrust Financial transaction positive, says JMP Securities
After AmTrust (AFSI) agreed to buy the renewal rights and certain assets of Tower Group's (TWGP) commercial lines insurance business, JMP Securities thinks the deal is accretive and eliminates a competitor while strengthening AmTrust's small business core. The firm reiterates a $45 price target and Outperform rating on AmTrust.
News For AFSI;TWGP From The Last 14 Days
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March 18, 2015
07:13 EDTAFSIAmTrust agrees to acquire ARI Mutual Insurance
AmTrust announced that the company has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire ARI Mutual Insurance Company following the completion of the conversion of ARI to a stock company from a mutual company. The company has also entered into a quota-share reinsurance agreement with ARI as a first step in the process to complete the acquisition. The transaction is expected to close by the fall of 2015.

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