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

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs