New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 3, 2014
07:46 EDTAFSIAmTrust Financial acquires The Insco Dico Group for 88.7M
AmTrust Financial announced that it has received final regulatory approval and completed the acquisition of The Insco Dico. The $88.7M purchase price is approximately $7M above Insco Dico's tangible book value as of December 31, 2013. The transaction was funded with existing working capital. Insco Dico's subsidiaries include Developers Surety and Indemnity Company and Indemnity Company of California. In 2013, Insco Dico generated approximately $52.0 million in insurance premium.
News For AFSI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
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.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use