Icahn Backs Revised AmTrust Deal But Investor Arca Balks

Article 0 Comments U.S. insurer AmTrust Financial Services Inc. on Thursday agreed to be acquired by a group of investors for a sweetened $2.95 billion deal that also helped secure the support of dissenting shareholder Carl Icahn. Evergreen Parent, an entity formed by AmTrust’s founding family, its chief executive officer […]

AmTrust, Lacking Votes, Reschedules Meeting on Contested Going-Private Plan

Article 1 Comments Lacking enough shareholder votes for approval, AmTrust Financial Services Inc. has postponed until June 21, 2018, the special meeting on a plan to take the insurer private. The meeting was originally scheduled for yesterday but the company said it does not have the votes of minority and […]

What A.M. Best Thinks of AmTrust’s Plan to Go Private, Sell Some Fee-Based Business

Article 0 Comments A.M. Best, which placed the ratings of AmTrust Financial Services under review with negative implications last November, says it is still reviewing the impact of the company’s plans to sell some of its fee business and take the insurer private but that it is not making any […]