The Online Investor
Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Mon., Jan. 24, 2:16 AM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #98. AmTrust Financial Services, Inc. Car Care Plan (Holdings) Limited

Acquirer: AmTrust Financial Services, Inc. (AFSI)
Acquiree: Car Care Plan (Holdings) Limited
Details: AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company") announced today that a wholly owned subsidiary of the Company, IGI Group Limited, completed the acquisition of Car Care Plan (Holdings) Limited ("CCPH") from Ally Insurance Holdings, Inc. ("Ally") for approximately $70 million. The purchase price represented the consolidated tangible book value of CCPH as of the closing, subject to certain adjustments. Over the next year, CCPH is projected to generate revenue for the Company in excess of $140 million including fee income of more than $30 million and pre-tax profits of over $14 million.

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: AFSI.PRA, AFSI.PRB, AFSI.PRD, AFSI.PRC, AFSI.PRE, AFSI.PRF



Open the AFSI Page at The Online Investor »

Company Name: 
AmTrust Financial Services Inc
Stock buyback: 
AFSI buyback
Website: 
www.amtrustgroup.com
Sector: 
Insurance Brokers
 

Open the AFSI Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree AFSI Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Insurance Brokers M&A - Slide 98 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2022, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.