Seeking Alpha

AmTrust closes on Insco Dico purchase

  • The $88.7M purchase price is about 8.5% above book value and was funded with on-hand working capital.
  • CEO Barry Zyskind: "Insco Dico significantly enhances AmTrust's (AFSI) presence in the domestic surety bonds market and expands our operations with new insurance products, additional distribution and unique industry expertise."
  • In 2013, Insco Dico generated about $52M in insurance premium.
  • Press release
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