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Slide #87. AmTrust Financial Services, Inc. — Mutual Insurers Holding Company
Acquirer:
AmTrust Financial Services, Inc. (AFSI)
Acquiree:
Mutual Insurers Holding Company
Details:
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company") announced today that it has completed the acquisition of Mutual Insurers Holding Company ("MIHC") and MIHC's subsidiary, First Nonprofit Insurance Company ("FNIC").
AmTrust Financial Services, through its subsidiaries, underwrites and provides property and casualty insurance products to several customer groups that are underserved within the insurance market. Co. operating segments are: Small Commercial Business, which provides workers' compensation insurance; Specialty Risk and Extended Warranty, which provides custom designed coverages, such as accidental damage plans, mechanical breakdown protection and payment protection plans; and Specialty Program, which provides workers' compensation, general liability, commercial auto liability, property coverage, excess and surplus lines programs and other specialty commercial property and casualty insurance.
Preferreds: AFSIA, AFSIB, AFSIC, AFSIP, AFSIM, AFSIN
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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