Newly-Privatized AmTrust Announces Leadership Changes

Article 0 Comments AmTrust Financial Services announced leadership changes as it moves forward now as a private company. Its $2.95 billion privatization plan was finalized on November 28, 2018 after receipt of all approvals, according to the company. AmTrust Financial Services Inc. (AFSI) shareholders approved the go-private deal last June. […]

A.M. Best Downgrades AmTrust As Insurer Prepares to Go Private

Article 0 Comments A.M. Best has downgraded its financial strength and credit ratings for insurer members of the AmTrust Group, not long after AmTrust Financial Services Inc. (AFSI) shareholders approved a $2.95 billion deal that will make it a private entity. The insurer’s financial strength rating has been downgraded to […]

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 […]

Icahn Sues AmTrust Directors, Claims Privatization Plan Hurts Investors

Article 0 Comments Billionaire investor Carl Icahn sued the directors of AmTrust Financial Services Inc., Chief Executive Officer Barry Zyskind and the family that controls the insurer to challenge a plan to take the insurer private, arguing it will shortchange investors. Icahn, who owns a 9.4 percent stake in Amtrust, […]

Arca Capital Backs Icahn in Trying to Stop AmTrust Privatization Plan

Article 0 Comments The Prague-based investment firm Arca Capital said it plans to work with activist investor Carl Icahn and other minority shareholders to prevent a proposed privatization of AmTrust Financial Services Inc. Arca Capital owns approximately 2.4 percent of outstanding shares of AmTrust Financial. Icahn recently disclosed that he […]