- 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
AmTrust closes on Insco Dico purchase
Jan 3 2014, 07:51 ET