AmTrust Financial Services, Inc. Completes Acquisition of AmeriHealth Casualty Insurance Company
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that the Company has completed the acquisition of AmeriHealth Casualty Insurance Company (“AmeriHealth Casualty”) from Independence Health Group, Inc. (“IHG”) for approximately $92.8 million in cash. In 2015, AmeriHealth Casualty generated gross written premium of approximately $116 million.
“We are very pleased to welcome AmeriHealth Casualty to the AmTrust group of commercial property and casualty companies,” said Barry Zyskind, Chairman, President and CEO AmTrust Financial Services, Inc. “With the addition of AmeriHealth Casualty’s operations serving small-to-medium-sized businesses and municipalities, we have expanded our presence as one of the largest workers’ compensation carriers in Pennsylvania and New Jersey.”
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York City, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries rated “A” (Excellent) by A.M. Best. For more information about AmTrust visit www.amtrustgroup.com.
