Amtrust Financial (AFSI) 24.70 $AFSI
A.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries
BusinessWire - Fri Jul 08, 3:20PM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of "a" of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI], known collectively as the AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of "bbb" and all issue ratings and indicative issue ratings of AFSI. The outlook for each rating is stable. All companies are headquartered in New York, NY, unless otherwise specified. (See below for a detailed listing of the companies and ratings).
AFSI: 24.70 (+0.41)
PRA Group Boosts Online Payment with Latest Acquisition
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 9:06AM CDT
PRA Group Inc. (PRAA) recently acquired eGov Systems for an undisclosed purchase price.
PRAA: 25.29 (+1.21), AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70)
Arthur J. Gallagher Buys Brim AB, Expands in Scandinavia
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 8:44AM CDT
Arthur J. Gallagher & Co. (AJG) acquired 85% stake in Brim AB. The acquisition will widen the broker's Scandinavian presence.
AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), FNF: 36.87 (+0.24)
Assurant Boosts Housing Market Business with American Title
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 9:10AM CDT
Assurant, Inc. (AIZ) acquired American Title, Inc. for a cash consideration of $45 million. With this, the company strengthens its capabilities in the housing market.
AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), SLF: 31.53 (+0.16)
The Zacks Analyst Blog Highlights: Amerisafe, Employers Holdings, Argo Group International Holdings, AmTrust Financial Services and Unum Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 8:30AM CDT
The Zacks Analyst Blog Highlights: Amerisafe, Employers Holdings, Argo Group International Holdings, AmTrust Financial Services and Unum Group
AGII: 52.29 (+0.35), AMSF: 60.89 (+0.70), AFSI: 24.70 (+0.41), EIG: 29.90 (+0.61), UNM: 31.20 (+0.72)
Brexit May Delay Rate Hike: 6 Insurance Stocks to Stay Safe
Zacks Equity Research - Zacks Investment Research - Mon Jun 27, 3:28PM CDT
One of the side effects of Brexit is that it will most likely delay the next interest rates hike by the Federal Reserve, hurting the insurance companies.
AGII: 52.29 (+0.35), AMSF: 60.89 (+0.70), PRU: 70.99 (+1.95), UNH: 141.27 (+0.47), AFSI: 24.70 (+0.41), EIG: 29.90 (+0.61), THG: 83.71 (+0.49), AET: 117.00 (+1.53), UNM: 31.20 (+0.72), AFL: 72.49 (+1.07), TRV: 118.08 (+0.57)
AmTrust Financial Units' Ratings Affirmed by A.M. Best
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:33AM CDT
The units of AmTrust Financial Services, Inc. (AFSI) recently received rating action from A.M. Best Company. The units, Springfield Insurance and Heritage Indemnity, were acquired by the company.
AFSI: 24.70 (+0.41), NGHC: 20.90 (+0.39), NMIH: 5.63 (+0.19), MKL: 947.53 (+15.23)
A.M. Best Removes from Under Review and Upgrades Ratings of Springfield Insurance Company; Affirms Ratings of Heritage Indemnity Company
BusinessWire - Tue Jun 21, 1:03PM CDT
A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from B- (Fair) and the issuer credit rating (ICR) to "a" from "bb-" of Springfield Insurance Company (Springfield) (Covina, CA). The outlook assigned to each rating is stable. At the same time, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of "a" of Heritage Indemnity Company (Heritage) (Irvine, CA). The outlook for each rating is stable.
AFSI: 24.70 (+0.41)
AmTrust Financial (AFSI) Adds Total Program to its Portfolio
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 9:02AM CDT
AmTrust Financial Services, Inc. (AFSI) acquired Total Program Management LLC to expand its esteemed fee-based businesses.
BRO: 37.34 (+0.55), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), MKL: 947.53 (+15.23)
AmTrust Financial Services, Inc. Acquires Total Program Management, LLC
GlobeNewswire - Thu Jun 16, 6:15PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has acquired Total Program Management LLC ("TPM" for cash. TPM is a managing general agency focused on programs that offer workers' compensation insurance to the health care industry. In 2015, TPM was responsible for insurance premium totaling $47.1 million.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. to Present at the William Blair Annual Growth Stock Conference on Wednesday, June 15, 2016 at 2:40 PM CT
GlobeNewswire - Wed Jun 01, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company" announced today that it will present at the William Blair Annual Growth Stock Conference to be held in Chicago on Wednesday, June 15, 2016. Ronald Pipoly, AmTrust Chief Financial Officer, is scheduled to present at 3:40 PM ET/ 2:40 PM CT.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. to Present at the Morgan Stanley Financials Conference on Tuesday, June 14, 2016 at 9:25 AM ET
GlobeNewswire - Wed Jun 01, 12:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company" announced today that it will present at the Morgan Stanley Financials Conference to be held in New York City on Tuesday, June 14, 2016. Ronald Pipoly, AmTrust Chief Financial Officer, is scheduled to present at 9:25 AM ET.
AFSI: 24.70 (+0.41)
AmTrust Financial Expands Base with Nationale Borg Buyout
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 8:54AM CDT
AmTrust Financial Services, Inc. (AFSI) closed the acquisition of N.V, Nationale Borg-Maatschappij and its affiliates ("Nationale Borg" from Egeria and HAL Investments.
CINF: 75.70 (+0.73), AFSI: 24.70 (+0.41), NMIH: 5.63 (+0.19), MKL: 947.53 (+15.23)
AmTrust Financial Services, Inc. Announces Completion of Purchase of N.V. Nationale Borg-Maatschappij
GlobeNewswire - Tue May 31, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced that it has completed the purchase of N.V, Nationale Borg-Maatschappij and its affiliates ("Nationale Borg" from Egeria and HAL Investments for EUR161 million in cash. Nationale Borg is a 120 year old, Amsterdam-based international direct writer and reinsurer of surety and trade credit insurance in over 70 countries. In the past 12 months ending March 31, 2016, Nationale Borg generated premiums of EUR94 million.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Acquires First Nationwide Title Agency, LLC
GlobeNewswire - Fri May 20, 8:15AM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced that it has completed the acquisition of 100% of the outstanding shares of First Nationwide Title Agency, LLC and its subsidiaries ("First Nationwide" for cash. First Nationwide and its majority shareholder, Steven Napolitano will be part of AmTrust Title, AmTrust's expanding title insurance operation. During 2015, First Nationwide generated approximately $50 million in premium, ranking it among the largest title insurance agencies in the New York metropolitan area.
AFSI: 24.70 (+0.41)
A.M. Best Removes From Under Review and Upgrades Ratings of Republic Underwriters Insurance Company and Affiliates
BusinessWire - Fri May 13, 2:05PM CDT
A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to "a" from "a-" of Republic Underwriters Insurance Company (RUIC) (Dallas, TX) and its subsidiaries and controlled affiliates (collectively referred to as Republic). The outlook assigned to each rating is stable. See below for a complete list of companies.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Board Approves Increase of $150.0 million to its Common Share Repurchase Program
GlobeNewswire - Wed May 11, 5:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company" announced today that, in connection with the Company's amendment to its credit facility, the Company's Board of Directors approved the repurchase of an additional $150 million of the Company's outstanding common stock. This authorization augments the Company's existing stock repurchase authorization approved by the Company's Board of Directors in December 2013. The number, price, structure and timing of the repurchases, if any, will be at the Company's sole discretion and repurchases will be evaluated by the Company depending on market conditions, liquidity needs and other factors. Further, the purchases will be subject to applicable securities laws and regulations, including Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Board of Directors may suspend, modify or terminate the repurchase program at any time without prior notice. Under this repurchase program, the Company is not obligated to repurchase any particular number of shares.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Completes Purchase of Genworth Financial Mortgage Insurance Ltd.
GlobeNewswire - Mon May 09, 3:17PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust" today announced that it has completed the acquisition of Genworth Financial Mortgage Insurance Ltd. ("GFMI" from Genworth Financial, Inc. (NYSE:GNW), for approximately $55 million in cash. As of December 31, 2015, GFMI's tangible book value was approximately $150 million. Based in the U.K., GFMI is a well-known organization in the European mortgage insurance market, currently providing products in the U.K., Finland, Italy and Germany.
AFSI: 24.70 (+0.41), GNW: 2.57 (+0.14)
Genworth Announces Completion Of European Mortgage Insurance Business Sale
PR Newswire - Mon May 09, 3:15PM CDT
Genworth Financial, Inc. (NYSE:GNW) announced that Genworth Mortgage Insurance Corporation (GMICO), a wholly owned indirect subsidiary of the company, has completed the sale of its European mortgage insurance business to AmTrust Financial Services, Inc. Net proceeds of approximately $50 million will provide additional capital to GMICO. This transaction represents another action toward simplifying Genworth's businesses.
AFSI: 24.70 (+0.41), GNW: 2.57 (+0.14)
AmTrust Financial Services, Inc. Announces Quarterly Cash Dividends on Preferred Stock
GlobeNewswire - Tue May 03, 12:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced that its Board of Directors approved a cash dividend per share on the following series of non-cumulative preferred stock:
AFSI: 24.70 (+0.41)
A.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries
BusinessWire - Fri Jul 08, 3:20PM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of "a" of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI], known collectively as the AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of "bbb" and all issue ratings and indicative issue ratings of AFSI. The outlook for each rating is stable. All companies are headquartered in New York, NY, unless otherwise specified. (See below for a detailed listing of the companies and ratings).
AFSI: 24.70 (+0.41)
PRA Group Boosts Online Payment with Latest Acquisition
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 9:06AM CDT
PRA Group Inc. (PRAA) recently acquired eGov Systems for an undisclosed purchase price.
PRAA: 25.29 (+1.21), AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70)
Arthur J. Gallagher Buys Brim AB, Expands in Scandinavia
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 8:44AM CDT
Arthur J. Gallagher & Co. (AJG) acquired 85% stake in Brim AB. The acquisition will widen the broker's Scandinavian presence.
AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), FNF: 36.87 (+0.24)
Assurant Boosts Housing Market Business with American Title
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 9:10AM CDT
Assurant, Inc. (AIZ) acquired American Title, Inc. for a cash consideration of $45 million. With this, the company strengthens its capabilities in the housing market.
AIZ: 86.43 (+2.01), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), SLF: 31.53 (+0.16)
The Zacks Analyst Blog Highlights: Amerisafe, Employers Holdings, Argo Group International Holdings, AmTrust Financial Services and Unum Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 8:30AM CDT
The Zacks Analyst Blog Highlights: Amerisafe, Employers Holdings, Argo Group International Holdings, AmTrust Financial Services and Unum Group
AGII: 52.29 (+0.35), AMSF: 60.89 (+0.70), AFSI: 24.70 (+0.41), EIG: 29.90 (+0.61), UNM: 31.20 (+0.72)
Brexit May Delay Rate Hike: 6 Insurance Stocks to Stay Safe
Zacks Equity Research - Zacks Investment Research - Mon Jun 27, 3:28PM CDT
One of the side effects of Brexit is that it will most likely delay the next interest rates hike by the Federal Reserve, hurting the insurance companies.
AGII: 52.29 (+0.35), AMSF: 60.89 (+0.70), PRU: 70.99 (+1.95), UNH: 141.27 (+0.47), AFSI: 24.70 (+0.41), EIG: 29.90 (+0.61), THG: 83.71 (+0.49), AET: 117.00 (+1.53), UNM: 31.20 (+0.72), AFL: 72.49 (+1.07), TRV: 118.08 (+0.57)
AmTrust Financial Units' Ratings Affirmed by A.M. Best
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:33AM CDT
The units of AmTrust Financial Services, Inc. (AFSI) recently received rating action from A.M. Best Company. The units, Springfield Insurance and Heritage Indemnity, were acquired by the company.
AFSI: 24.70 (+0.41), NGHC: 20.90 (+0.39), NMIH: 5.63 (+0.19), MKL: 947.53 (+15.23)
A.M. Best Removes from Under Review and Upgrades Ratings of Springfield Insurance Company; Affirms Ratings of Heritage Indemnity Company
BusinessWire - Tue Jun 21, 1:03PM CDT
A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from B- (Fair) and the issuer credit rating (ICR) to "a" from "bb-" of Springfield Insurance Company (Springfield) (Covina, CA). The outlook assigned to each rating is stable. At the same time, A.M. Best has affirmed the FSR of A (Excellent) and the ICR of "a" of Heritage Indemnity Company (Heritage) (Irvine, CA). The outlook for each rating is stable.
AFSI: 24.70 (+0.41)
AmTrust Financial (AFSI) Adds Total Program to its Portfolio
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 9:02AM CDT
AmTrust Financial Services, Inc. (AFSI) acquired Total Program Management LLC to expand its esteemed fee-based businesses.
BRO: 37.34 (+0.55), AFSI: 24.70 (+0.41), AJG: 48.70 (+0.70), MKL: 947.53 (+15.23)
AmTrust Financial Services, Inc. Acquires Total Program Management, LLC
GlobeNewswire - Thu Jun 16, 6:15PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has acquired Total Program Management LLC ("TPM" for cash. TPM is a managing general agency focused on programs that offer workers' compensation insurance to the health care industry. In 2015, TPM was responsible for insurance premium totaling $47.1 million. AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. to Present at the William Blair Annual Growth Stock Conference on Wednesday, June 15, 2016 at 2:40 PM CT
GlobeNewswire - Wed Jun 01, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company"
announced today that it will present at the William Blair Annual Growth Stock Conference to be held in Chicago on Wednesday, June 15, 2016. Ronald Pipoly, AmTrust Chief Financial Officer, is scheduled to present at 3:40 PM ET/ 2:40 PM CT. AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. to Present at the Morgan Stanley Financials Conference on Tuesday, June 14, 2016 at 9:25 AM ET
GlobeNewswire - Wed Jun 01, 12:00PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company"
announced today that it will present at the Morgan Stanley Financials Conference to be held in New York City on Tuesday, June 14, 2016. Ronald Pipoly, AmTrust Chief Financial Officer, is scheduled to present at 9:25 AM ET. AFSI: 24.70 (+0.41)
AmTrust Financial Expands Base with Nationale Borg Buyout
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 8:54AM CDT
AmTrust Financial Services, Inc. (AFSI) closed the acquisition of N.V, Nationale Borg-Maatschappij and its affiliates ("Nationale Borg"
from Egeria and HAL Investments. CINF: 75.70 (+0.73), AFSI: 24.70 (+0.41), NMIH: 5.63 (+0.19), MKL: 947.53 (+15.23)
AmTrust Financial Services, Inc. Announces Completion of Purchase of N.V. Nationale Borg-Maatschappij
GlobeNewswire - Tue May 31, 3:05PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has completed the purchase of N.V, Nationale Borg-Maatschappij and its affiliates ("Nationale Borg" from Egeria and HAL Investments for EUR161 million in cash. Nationale Borg is a 120 year old, Amsterdam-based international direct writer and reinsurer of surety and trade credit insurance in over 70 countries. In the past 12 months ending March 31, 2016, Nationale Borg generated premiums of EUR94 million. AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Acquires First Nationwide Title Agency, LLC
GlobeNewswire - Fri May 20, 8:15AM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has completed the acquisition of 100% of the outstanding shares of First Nationwide Title Agency, LLC and its subsidiaries ("First Nationwide" for cash. First Nationwide and its majority shareholder, Steven Napolitano will be part of AmTrust Title, AmTrust's expanding title insurance operation. During 2015, First Nationwide generated approximately $50 million in premium, ranking it among the largest title insurance agencies in the New York metropolitan area. AFSI: 24.70 (+0.41)
A.M. Best Removes From Under Review and Upgrades Ratings of Republic Underwriters Insurance Company and Affiliates
BusinessWire - Fri May 13, 2:05PM CDT
A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to "a" from "a-" of Republic Underwriters Insurance Company (RUIC) (Dallas, TX) and its subsidiaries and controlled affiliates (collectively referred to as Republic). The outlook assigned to each rating is stable. See below for a complete list of companies.
AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Board Approves Increase of $150.0 million to its Common Share Repurchase Program
GlobeNewswire - Wed May 11, 5:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("the Company"
announced today that, in connection with the Company's amendment to its credit facility, the Company's Board of Directors approved the repurchase of an additional $150 million of the Company's outstanding common stock. This authorization augments the Company's existing stock repurchase authorization approved by the Company's Board of Directors in December 2013. The number, price, structure and timing of the repurchases, if any, will be at the Company's sole discretion and repurchases will be evaluated by the Company depending on market conditions, liquidity needs and other factors. Further, the purchases will be subject to applicable securities laws and regulations, including Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Board of Directors may suspend, modify or terminate the repurchase program at any time without prior notice. Under this repurchase program, the Company is not obligated to repurchase any particular number of shares. AFSI: 24.70 (+0.41)
AmTrust Financial Services, Inc. Completes Purchase of Genworth Financial Mortgage Insurance Ltd.
GlobeNewswire - Mon May 09, 3:17PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it has completed the acquisition of Genworth Financial Mortgage Insurance Ltd. ("GFMI" from Genworth Financial, Inc. (NYSE:GNW), for approximately $55 million in cash. As of December 31, 2015, GFMI's tangible book value was approximately $150 million. Based in the U.K., GFMI is a well-known organization in the European mortgage insurance market, currently providing products in the U.K., Finland, Italy and Germany. AFSI: 24.70 (+0.41), GNW: 2.57 (+0.14)
Genworth Announces Completion Of European Mortgage Insurance Business Sale
PR Newswire - Mon May 09, 3:15PM CDT
Genworth Financial, Inc. (NYSE:GNW) announced that Genworth Mortgage Insurance Corporation (GMICO), a wholly owned indirect subsidiary of the company, has completed the sale of its European mortgage insurance business to AmTrust Financial Services, Inc. Net proceeds of approximately $50 million will provide additional capital to GMICO. This transaction represents another action toward simplifying Genworth's businesses.
AFSI: 24.70 (+0.41), GNW: 2.57 (+0.14)
AmTrust Financial Services, Inc. Announces Quarterly Cash Dividends on Preferred Stock
GlobeNewswire - Tue May 03, 12:45PM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced that its Board of Directors approved a cash dividend per share on the following series of non-cumulative preferred stock:
AFSI: 24.70 (+0.41)
