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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:48 EDTTWGP, AFSIAmTrust receives regulatory approval to provide cut-through agreement for Tower
AmTrust Financial (AFSI) announced the receipt of regulatory approval to complete an agreement between a subsidiary of the company and several Tower Group International (TWGP) subsidiaries to enter into a 100% quota share reinsurance agreement and provide a cut-through endorsement to at least 60% of Tower's in force Commercial Lines policies and on most new and renewal Commercial Lines Business. AmTrust has agreed to accept 65%-70% of unearned premium with respect to in-force Commercial Lines policies. The agreement is effective as of January 1, for losses occurring on or after January 1. The company will pay a 20% ceding commission to Tower on all Tower premium subject to the Cut Through Reinsurance Agreement.
News For AFSI;TWGP From The Last 14 Days
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February 10, 2016
07:05 EDTAFSIAmTrust reports Q4 operating EPS 72c, consensus 67c
Reports Q4 revenue $1.21B, consensus $1.05B. Reports Q4 net written premium $1.07B. Reports Q4 gross written premium $1.61B.
February 9, 2016
07:11 EDTAFSIBofa/Merrill to hold a conference
2016 Insurance Conference is being held in New York on February 9-11.

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