$AFSI News

Last published 8y ago

8y agoAFSIA.M. Best Removes from Under Review with Negative Implications and Downgrades Credit Ratings of AmTrust Financial Services, Inc. and Most Subsidiaries; Assigns Stable OutlookBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with negative implications and downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a” for the members of the AmTrust Group (AmTrust). In addition, A.M. Best has removed from under review with negative implications and downgraded the ...
8y agoAFSIThe Law Offices of Vincent Wong Notifies Investors of an Investigation into AmTrust Financial Services, Inc. in Connection with the Sale of the Company to Affiliates of Evergreen Parent, LP – AFSIBusiness WireNEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) (NASDAQGS: AFSI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Evergreen Parent, LP. Under the terms of the transaction, Evergreen will pay $13.50 ...
8y agoAFSIA.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Series of AnnouncementsBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of AmTrust Financial Services, Inc. (AFSI) [NASDAQ: AFSI] (headquartered in New York, NY) and all associated Long-Term Issue Credit Ratings and indicative Long-Term Issue Credit Ratings, as well as the Long-Term ICRs and Financial Strength Ratings of its operating subsidiaries a ...
8y agoAFSIRoy Jacobs & Associates Announces Investigation on Behalf of Preferred Stockholders of AmTrust Financial Services, Inc. (“AFSI”)Business WireNEW YORK--(BUSINESS WIRE)--Roy Jacobs & Associates announces that it is investigating possible claims involving the rights of AFSI preferred stockholders, Series A through F (AFSI and AFSI-PA, AFSI-PB, AFSI-PC, AFSI-PD, AFSI-PE and AFSI-PF at Yahoo Finance).
8y agoAFSIRobbins Arroyo LLP: Proposal to Take AmTrust Financial Services, Inc. (AFSI) Private May Not Be in Shareholders' Best InterestsBusiness WireSAN DIEGO & NEW YORK--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of AmTrust Financial Services, Inc. (Nasdaq: AFSI) by Stone Point Capital LLC, together with Barry D. Zyskind, Chairman and CEO of AmTrust, and George and Leah Karfunkel. On January 9, 2018, the family who originally helped found AmTrust – the Karfunkel-Zyskind Famil ...
8y agoAFSIA.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Announcement of Offer to Acquire Certain Public SharesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI] (headquartered in New York, NY) and all associated Long-Term Issue Credit Ratings and indicative Long-Term Issue Credit Ratings, as well as the Long-Term ICRs and Financial Strength Ratings of its operating subsidiaries ar ...
9y agoAFSIA.M. Best Places Credit Ratings of AmTrust Financial Services, Inc. and Its Subsidiaries Under Review With Negative ImplicationsBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with negative implications the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” and the Long-Term Issue Credit Ratings of AmTrust Financial Services, Inc. (AFSI) (headquartered in New York, NY) [NASDAQ:AFSI]. Concurrently, A.M. Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (E ...
9y agoAFSIAmTrust Financial Services (AFSI) Presents at KBW 2017 Insurance Conference (Transcript)Earnings Call Transcripts
9y agoAFSIA.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Announcement of Reinsurance AgreementBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb“ of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI] (headquartered in New York, NY) and all Long-Term Issue Credit Ratings assigned to AFSI-issued securities are unchanged by today’s announcement that the company has entered into a reinsurance agreement with Premia Holdings ...
9y agoAFSIA.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. and Subsidiaries Following Common Equity RaiseBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI] (headquartered in New York) and all Long-Term Issue Credit Ratings assigned to AFSI-issued securities are unchanged by today’s announcement of AFSI’s issuance of $300 million in common equity. Similarly, the Financial Stre ...
9y agoAFSIA.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. and SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI] (headquartered in New York, NY), and all Long-Term Issue Credit Ratings assigned to company-issued securities are unchanged by the announcement of a further delay in the filing of its annual report (10-K) for year-end 2016 ...
9y agoAFSIA.M. Best Revises Outlooks to Negative and Affirms Credit Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlook to negative from stable and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” and the Long-Term Issue Credit Ratings of AmTrust Financial Services, Inc. (AmTrust) (New York, NY) [NASDAQ:AFSI]. Concurrently, A.M. Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) ...
9y agoAFSIA.M. Best Assigns Credit Ratings to AmTrust Title Insurance CompanyBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” to AmTrust Title Insurance Company (ATIC) (New York, NY). ATIC is a subsidiary of AmTrust Financial Services, Inc. (AmTrust) [NASDAQ:AFSI]. The outlook assigned to these Credit Ratings (ratings) is stable.
10y agoAFSIA.M. Best Assigns Credit Ratings to N.V. Nationale Borg-Maatschappij and Nationale Borg Reinsurance N.V.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” to N.V. Nationale Borg-Maatschappij (NBM) (Amsterdam, Netherlands) and its subsidiary, Nationale Borg Reinsurance N.V. (NB Re) (Willemstad, Curacao). The companies are subsidiaries of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI]. The outlook assign ...
10y agoAFSIA.M. Best Assigns Issue Credit Rating to AmTrust Financial Services, Inc. Series F Preferred StockBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bb+” to the recently announced $250 million 6.95% non-cumulative preferred stock (Series F Preferred Stock) of AmTrust Financial Services, Inc. (AFSI) [NASDAQ National Market:AFSI] (headquartered in New York, NY). The outlook assigned to this Credit Rating is stable.
10y agoAFSIA.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI], known collectively as the AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of “bbb” and all issue ratings and indicative issue ratings of ...
10y agoAFSIA.M. Best Removes from Under Review and Upgrades Ratings of Springfield Insurance Company; Affirms Ratings of Heritage Indemnity CompanyBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from B- (Fair) and the issuer credit rating (ICR) to “a” from “bb-” of Springfield Insurance Company (Springfield) (Covina, CA). The outlook assigned to each rating is stable. At the same time, A.M. Best has affirmed the FSR of A (Exce ...
10y agoAFSIA.M. Best Removes From Under Review and Upgrades Ratings of Republic Underwriters Insurance Company and AffiliatesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Republic Underwriters Insurance Company (RUIC) (Dallas, TX) and its subsidiaries and controlled affiliates (collectively referred to as Republic). The outlook a ...
10y agoAFSIAmTrust Financial Services' (AFSI) CEO Barry Zyskind on Q1 2016 Results - Earnings Call TranscriptEarnings Call Transcripts
10y agoAFSIA.M. Best Maintains Under Review Status of Republic Underwriters Insurance Company and Affiliates Following Acquisition by AmTrust Financial Services, Inc.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has maintained the under review with positive implications status of the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-”of Republic Underwriters Insurance Company (Dallas, TX) and its subsidiaries and controlled affiliates (collectively referred to as the Republic Group) following the acquisition of the companies b ...
10y agoAFSIA.M. Best Assigns Rating to AmTrust Financial Services, Inc. Preferred StockBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned an issue rating of “bb+” to the $125 million, 7.75% non-cumulative perpetual preferred stock Series E recently announced by AmTrust Financial Services, Inc. (AFSI) (headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. The offering may be increased upon exercise of an underwriters’ overallotment.
10y agoAFSIA.M. Best Removes from Under Review and Upgrades Ratings of ARI Insurance CompanyBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A (Excellent) from B (Fair) and the issuer credit rating to “a” from “bb” of ARI Insurance Company (ARI) (Newtown, PA). The outlook assigned to both ratings is stable.
10y agoAFSIThe Catch-22 Curbing the Sale of Mideast's Insurance BargainsBloombergIsrael’s biggest insurance providers look like bargains for potential purchasers, but the same regulator demanding their sale may be hampering efforts to clinch a deal.
10y agoAFSIAmTrust Financial Services (AFSI) Q4 2015 Results - Earnings Call WebcastEarnings Call Transcripts
11y agoAFSIA.M. Best Assigns Issue Rating to New Subordinated Notes of AmTrust Financial Services, Inc.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned an issue rating of “bbb-” to the $125 million 7.5% subordinated notes to be issued by AmTrust Financial Services, Inc. (AFSI) (NASDAQ:AFSI), headquartered in New York, NY. The outlook assigned is stable. The offering may be increased upon exercise of an underwriters’ over-allotment option.
11y agoAFSIA.M. Best Assigns Ratings to AmTrust Captive Solutions LimitedBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to AmTrust Captive Solutions Limited (ACS) (Luxembourg). The outlook assigned to both ratings is stable.
11y agoMON AFSI OBThe Climate Corporation Sells Crop Insurance Business To AmTrust Financial Services, Inc.Business WireSAN FRANCISCO--(BUSINESS WIRE)--The Climate Corporation, a division of Monsanto Company (NYSE: MON), announced today the sale of The Climate Corporation’s crop insurance business (CCCIB) to AmTrust North America, a subsidiary of AmTrust Financial Services, Inc. (Nasdaq: AFSI). The agreement also provides AmTrust exclusive access to certain technologies of The Climate Corporation that can be applie ...
11y agoAFSIA.M. Best Assigns Debt Rating to AmTrust Financial Services, Inc’s Subordinated Debt OfferingBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a debt rating of “bbb-” to the $150 million 7.25% subordinated notes due 2055 of AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see related A.M. Best press release dated May 29, 2 ...
11y agoAFSIA.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) (New York, NY) (NASDAQ:AFSI), also known as AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of “bbb” and the debt ratings of AFSI. The outlook for ...
11y agoAFSIA.M. Best Upgrades and Removes From Under Review Ratings of CorePointe Insurance CompanyBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating to “a” from “a-” of CorePointe Insurance Company (CorePointe) (Birmingham, MI). The ratings have been removed from under review with positive implications and assigned a stable outlook.
11y agoAFSIA.M. Best Assigns Debt Ratings to AmTrust Financial Services, Inc.’s Preferred Share OfferingBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a debt rating of “bb+” to the $165 million 7.5% non-cumulative perpetual preferred stock to be issued by AmTrust Financial Services, Inc. (AmTrust) (Headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see related A.M. Best’s pre ...
11y agoAFSIA.M. Best Affirms Ratings of Subsidiary of AmTrust Financial Services, Inc.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a” of Comp Options Insurance Company, Inc. (Comp Options) (Jacksonville, FL). The outlook for both ratings is stable.
11y agoAFSIA.M. Best Places Ratings of CorePointe Insurance Company Under Review With Positive ImplicationsBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with positive implications the financial strength rating of A- (Excellent) and the issuer credit ratings of “a-” of CorePointe Insurance Company (CIC) (Birmingham, MI).
12y agoAFSIA.M. Best Assigns Debt Rating to AmTrust Financial Services Inc. Forthcoming Preferred Share OfferingBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a debt rating of “bb+” to the forthcoming $80 million 7.625% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see related A.M. Best’s pres ...
12y agoAFSIA.M. Best Comments on the Ratings of Comp Options Insurance Company, Inc. Following Acquisition AnnouncementBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the financial strength rating (FSR) of A (Excellent) and the issuer credit rating (ICR) of “a” of Comp Options Insurance Company, Inc. (Comp Options) (Jacksonville, FL) are unchanged following the announcement that AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ:AFSI] has agreed to acquire Comp Options, ...
12y agoAFSIA.M. Best Assigns Debt Rating to AmTrust Financial Services Inc. Forthcoming Preferred Share OfferingBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has assigned a debt rating of “bb+” to the forthcoming $100 million 7.25% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ: AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see A.M. Best’s press relea ...
12y agoAFSIA.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) (New York, NY)(NASDAQ:AFSI) also known as AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of “bbb” and the debt ratings of AFSI. The outlook for all r ...
12y agoNGHC AFSIA.M. Best Downgrades Ratings of Personal Express Insurance CompanyBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” of Personal Express Insurance Company (Personal Express) (headquartered in New York, NY). The outlook for both ratings is stable.
12y agoAFSIA.M. Best Comments on the Ratings of AmTrust Financial Services, Inc. Following Announced Transaction with Tower Group International, Ltd.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the subsidiaries of AmTrust Financial Services, Inc. (AmTrust) (headquartered in New York, NY) (NASDAQ:AFSI) as well as its ICR of “bbb” and debt ratings are unchanged following the recent announcement of its transaction with Tower Group Internat ...
12y agoAFSIA.M. Best Upgrades Ratings of Developers Surety and Indemnity Company and Indemnity Company of CaliforniaBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit ratings to “a” from “a-” of Developers Surety and Indemnity Company (Developers) (West Des Moines, IA) and its wholly owned subsidiary, Indemnity Company of California (Indemnity) (Irvine, CA). All ratings have been removed from under review with posit ...
12y agoBAC JPM AFSI TWGPTower Thrown Lifeline by Insurer AmTrust After Stock DropBloombergTower Group International Ltd., the insurer that plunged last year amid reserve shortfalls, arranged to get a lifeline from AmTrust Financial Services Inc.
13y agoAFSIA.M. Best Assigns Rating to AmTrust Financial Services, Inc.'s New Shelf RegistrationBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned indicative ratings of “bbb” to senior unsecured debt, “bbb-” to subordinated debt and “bb+” to the preferred stock of the recently filed universal shelf registration of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) (NASDAQ:AFSI). The outlook assigned to all ratings is stable. All remaining ratings of AmTrust and ...
13y agoAFSIA.M. Best Assigns Ratings to AmTrust Insurance Luxembourg S.A.Business WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned a financial strength rating of A (Excellent) and an issuer credit rating of “a” to AmTrust Insurance Luxembourg S.A. (AILSA) (Luxembourg). The outlook assigned to both ratings is stable.
13y agoAFSIA.M. Best Places Ratings of Developers Surety and Indemnity Company and Indemnity Company of California Under ReviewBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has placed under review with positive implications the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of Developers Surety and Indemnity Company (Developers) (West Des Moines, IA) and its wholly owned subsidiary, Indemnity Company of California (Indemnity) (Irvine, CA).
13y agoAFSIA.M. Best Assigns Debt Rating to AmTrust Financial Services, Inc.’s Forthcoming Senior NotesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned a debt rating of “bbb” to the forthcoming $250 million 6.125% senior unsecured notes, due August 2023 of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ: AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (For further information, pleas ...
13y agoAFSIA.M. Best Assigns Rating to AmTrust Financial Services, Inc.’s Forthcoming Preferred Share OfferingBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned a debt rating of “bb+” to the forthcoming $115 million 6.75% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) (NASDAQ: AFSI). The outlook assigned is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see A.M. Best’s press release dated M ...
13y agoAFSIA.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) (headquartered in New York, NY) [NASDAQ: AFSI], also known as AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of “bbb” of AFSI. The outlook for al ...
13y agoAFSIA.M. Best Places Ratings of Sequoia Insurance Company and Subsidiaries Under ReviewBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has placed under review with positive implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Sequoia Insurance Company and its wholly owned subsidiary, Sequoia Indemnity Company, collectively referred to as Sequoia.
14y agoAFSIA.M. Best Affirms Ratings of AmTrust Financial Services, Inc. and Its SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI) (New York, NY) [NASDAQ: AFSI] also known as AmTrust Group (AmTrust). Concurrently, A.M. Best has affirmed the ICR of “bbb” of AFSI. The outlook for all ratings is stabl ...
15y agoMAJC AFSIMajestic Capital Announces Termination of the Merger Agreement with Bayside Capital Partners; Non-Binding Letter of Intent with AmTrust for Renewal Rights of Majestic Insurance CompanyBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Majestic Capital, Ltd. (Majestic Capital) (Nasdaq: MAJC) today announced that Bayside Capital Partners LLC (Bayside) has terminated the previously announced merger agreement with Majestic Capital. In its termination notice, Bayside cited a material deterioration in Majestic Capital’s capital surplus, an inability to secure regulatory approval for the merger, and ...