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AmTrust Financial Services Inc (AFSI.OQ)

AFSI.OQ on NASDAQ Stock Exchange Global Select Market

23.87USD
29 Jul 2016
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$-0.21 (-0.87%)
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Latest Key Developments (Source: Significant Developments)

AmTrust Financial Services acquires Total Program Management LLC
Thursday, 16 Jun 2016 09:08pm EDT 

AmTrust Financial Services Inc :AmTrust Financial Services Inc acquires Total Program Management LLC.  Full Article

AmTrust Financial Services acquires Total Program Management LLC
Thursday, 16 Jun 2016 07:15pm EDT 

AmTrust Financial Services Inc :AmTrust Financial Services Inc acquires Total Program Management LLC.  Full Article

Amtrust Financial completes acquisition of First Nationwide Title Agency
Friday, 20 May 2016 09:15am EDT 

Amtrust Financial Services Inc: Completed acquisition of 100% of outstanding shares of First Nationwide Title Agency, LLC and its subsidiaries for cash . Expect Amtrust title will contribute to company's fee and underwriting revenue .Steven Napolitano appointed senior executive vice president of Amtrust title and president of direct title division.  Full Article

Amtrust Financial says board approves $150 mln raise to share buyback program
Wednesday, 11 May 2016 06:45pm EDT 

Amtrust Financial Services Inc :Amtrust financial services, inc. Board approves increase of $150.0 million to its common share repurchase program.  Full Article

AmTrust Financial Services completes purchase of Republic Companies Inc
Monday, 18 Apr 2016 04:05pm EDT 

AmTrust Financial Services:Has completed the purchase of Republic Companies, Inc. and its affiliates from Delek Group Ltd. and Republic Insurance Holdings, LLC., for $233 million.Purchase price was a combination of $113 million in cash at closing, approximately $15 million of deferred payments to the sellers of the minority interests and a $105 million, four year, 5.75% annual interest note issued by AmTrust to Delek Group as well as cash payments to be made over five years.  Full Article

AmTrust Announces Closing of $125 Million in Depositary Shares Representing Interests in Preferred Stock
Tuesday, 15 Mar 2016 04:10pm EDT 

AmTrust Financial Services, Inc:closed its previously announced underwritten public offering of 5,000,000 of its depositary shares, each representing a 1/40(th)interest in a share of its newly-designated 7.75% Non-Cumulative Preferred Stock, Series E.at a public offering price of $25.00 per Depositary Share, for gross proceeds of $125 million.Company has granted the underwriters a 30-day option, expiring on April 7, 2016, to purchase up to an additional 750,000 Depositary Shares from the Company on the same terms and conditions.Total net proceeds of the offering (assuming the underwriters do not exercise their over-allotment option) will be approximately $120.9 million, after deducting the underwriting discount and estimated offering expenses payable by the Company.Company expects to use the net proceeds of the offering for general corporate purposes, which may include working capital, capital expenditures and/or strategic acquisitions.  Full Article

AmTrust Financial Services completes acquisition of ARI Insurance Company
Friday, 22 Jan 2016 02:43pm EST 

AmTrust Financial Services:Has completed the acquisition of ARI Insurance Company.  Full Article

AmTrust Financial Services announces the pricing of public offering of common stock
Wednesday, 11 Nov 2015 09:15am EST 

AmTrust Financial Services:Says has completed sale of 5,000,000 shares of its common stock to underwriters in its previously announced underwritten public offering.Company will receive from the transaction $315.0 million prior to offering expenses.Intends to use a portion of the net proceeds from this offering to finance its previously announced Nationale Borg and Republic acquisitions.Currently intends to use remainder of net proceeds from this offering for general corporate purposes, which includes working capital, capital expenditures and/or strategic acquisitions.  Full Article

AmTrust Financial Services Inc announces commencement of public offering of common stock
Tuesday, 10 Nov 2015 04:21pm EST 

AmTrust Financial Services Inc:Commencement of an underwritten public offering of 5,000,000 shares of its common stock.Intend to use a portion of the net proceeds from this offering to finance our previously announced Nationale Borg and Republic acquisitions.  Full Article

Genworth Financial Inc enters into agreement to sell European Mortgage Insurance Business to AmTrust Financial Services Inc
Tuesday, 27 Oct 2015 07:30am EDT 

Genworth Financial Inc:Says Genworth Mortgage Insurance Corporation, a wholly-owned indirect subsidiary of company, has entered into an agreement to sell its European mortgage insurance business to AmTrust Financial Services Inc. that is expected to result in net proceeds of about $55 million.Proceeds will provide additional capital credit to GMICO under the private mortgage insurer eligibility requirements.Transaction is expected to close in the first quarter of 2016.  Full Article

BRIEF-Amtrust Financial entered into restated credit agreement with National General Re

* Entered into restatement agreement with National General Re Ltd to $250 million credit agreement dated September 15, 2014 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)