AmTrust Selling Stake in Certain Units to Raise $950M

AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private equity firm Madison Dearborn Partners (MDP). Barry Zyzkind, AmTrust’s …

from News – Insurance Journal http://ift.tt/2hNyBks
via IFTTT