AmTrust’s spin-out of its MGA operations with minority backing from Blackstone is the prelude to a major drive to upsize it via aggressive M&A, team lift-outs and other organic growth initiatives, this publication understands.
AmTrust set to book $900mn+ tangible book value gain on Blackstone deal
The MGA business was valued at an enterprise valuation of upwards of $1.1bn, sources said.