AmTrust News
Tower, ACP Re Amend Merger Deal
On Thursday, Tower Group International, Ltd. ("Tower") and ACP Re, Ltd. ("ACP Re") announced that they have amended their Jan. 3, 2014 merger agreement, reducing the per-share consideration and ...
Tower Group International Q3 2013 Reserve Charge Higher Than Expected
Tower Group International, Ltd. reported a bottom-line loss of $347.6 million for the third-quarter of 2013 on Tuesday, with higher than expected reserve charges contributing to the result. Adverse ...
AmTrust Gets Approval for Tower Cut-Through
AmTrust Financial Services, Inc. announced Tuesday that regulators approved an agreement between a subsidiary and several subsidiaries of Tower Group International, Ltd. Under the approved agreement, ...
Fitch Changes Tower Group’s Rating Watch Status from Negative to Evolving
On Monday, Fitch Ratings revised the Rating Watch status of Tower Group International, Ltd. to Rating Watch Evolving from Rating Watch Negative following Tower's announcement of a planned merger with ...
AmTrust Announces First Stock Repurchase Plan Since 2007
AmTrust Financial Services Inc. gained in New York trading Thursday after the insurer's board approved the repurchase of as much as $150 million in shares following a stock slump last month. The ...
AmTrust Refutes Negative Report on Accounting, Says Future ‘Never Been Brighter’
AmTrust Financial Services Inc. (AFSI), a New York-headquartered insurer whose stock price fell last week in wake of a negative report from research firm GeoInvesting, is assuring investors its ...
AmTrust Never Stronger, CEO Says
AmTrust Financial Services, Inc. announced Thursday that the fundamental outlook for the company remains positive, responding to negative comments in a report on a research website. The report is ...