AmTrust Financial Expands Base With Nationale Borg Buyout

By Zacks Investment ResearchStock MarketsMay 31, 2016 09:54PM ET

www.investing.com/analysis/%D0%9A%D1%80%D0%B0%D1%82%D0%BA%D0%B8%D0%B9-%D0%B0%D0%BD%D0%B0%D0%BB%D0%B8%D1%82%D0%B8%D1%87%D0%B5%D1%81%D0%BA%D0%B8%D0%B9-%D0%BE%D0%B1%D0%B7%D0%BE%D1%80-%D0%B4%D0%BE%D0%BB%D0%B3%D0%BE%D0%B2%D0%BE%D0%B3%D0%BE-%D1%80%D1%8B%D0%BD%D0%BA%D0%B0-200133375

AmTrust Financial Expands Base With Nationale Borg Buyout

By Zacks Investment Research | May 31, 2016 09:54PM ET

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AmTrust Financial Services, Inc. (NASDAQ:AFSI) closed the acquisition of N.V, Nationale Borg-Maatschappij and its affiliates (“Nationale Borg”) from Egeria and HAL Investments. The property and casualty insurer (P&C) paid $179.1 million (€161 million) in cash for the buyout.

On Aug 5, 2015, AmTrust Financial inked a deal to buy the Amsterdam-based company. The initial purchase price was $171.3 million (€154 million), which was subject to Nationale Borg’s tangible book value at the time of closing.

Nationale Borg has a long and successful track record as an international direct writer and reinsurer of surety and trade credit insurance. The acquired company has operations in more than 70 countries and generated premiums worth $104.6 million (€94 million) over the trailing 12 months.

The acquisition will enable AmTrust Financial to lay its foundation as an ace surety and trade credit insurance operation. AmTrust Financial, which already has a thriving international and domestic surety insurance business, expects the takeover to add substantial capabilities.

The acquisition will not only help AmTrust Financial to become a highly competitive global surety business, but also extend its operations beyond the 44 countries where it currently operates. The deal is expected to result in the creation of a profitable and expandable operation in the niche market for surety and trade credit insurance.

Zacks Rank and Stocks to Consider

Currently, AmTrust Financial carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry are Cincinnati Financial Corp. (NASDAQ:CINF) , Markel Corp. (NYSE:MKL) and NMI Holdings, Inc. (NASDAQ:NMIH) . Each of these stocks sports a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

CINCINNATI FINL (CINF): Free Stock Analysis Report

MARKEL CORP (MKL): Free Stock Analysis Report

AMTRUST FIN SVC (AFSI): Free Stock Analysis Report

NMI HOLDINGS-A (NMIH): Free Stock Analysis Report

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AmTrust Financial Expands Base With Nationale Borg Buyout

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