M&A Deal Summary

AmTrust Financial Acquires AmeriHealth Casualty Insurance

On October 28, 2016, AmTrust Financial acquired insurance company AmeriHealth Casualty Insurance from Independence Health Group for 90M USD

Acquisition Highlights
  • This is AmTrust Financial’s 26th transaction in the Insurance sector.
  • This is AmTrust Financial’s 5th largest (disclosed) transaction.
  • This is AmTrust Financial’s 25th transaction in the United States.
  • This is AmTrust Financial’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2016-10-28
Target AmeriHealth Casualty Insurance
Sector Insurance
Buyer(s) AmTrust Financial
Sellers(s) Independence Health Group
Deal Type Divestiture
Deal Value 90M USD

Target

AmeriHealth Casualty Insurance

Philadelphia, Pennsylvania, United States
AmeriHealth Casualty Insurance Co. is a full-service third-party administrator (TPA), coordinating access to claims services, medical management, and provider networks exclusively to self-insured customers.

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Buyer(S) 1

Buyer

AmTrust Financial

New York, New York, United States
Category Company
Founded 1998
Sector Insurance
Employees5,100
Revenue 4.7B USD (2015)
DESCRIPTION
AmTrust Financial office in downtown Cleveland, Ohio.
AmTrust Financial office in downtown Cleveland, Ohio.

AmTrust Financial is a provider of property and casualty insurance to small businesses. AmTrust insurance products include multiline small business, warranty and specialty risk, specialty program business insurance services. AmTrust Financial was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 30 of 32
Sector (Insurance) 26 of 28
Type (Divestiture) 11 of 12
State (Pennsylvania) 2 of 2
Country (United States) 25 of 26
Year (2016) 5 of 5
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-16 Total Program Management

Ronkonkoma, New York, United States

Total Program Management, Inc. is a managing general agency focused on programs that offer workers' compensation insurance to the health care industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 AmTrust Financial Services - Personal Lines Policy Administration System

New York, New York, United States

AmTrust Financial Services, Inc. - Personal Lines Policy Administration System business comprises a business unit which offers personal line insurance products. The asset is located in the United States.

Sell $200M

Seller(S) 1

SELLER

Independence Health Group

Philadelphia, Pennsylvania, United States
Category Company
Founded 2014
Sector Insurance
DESCRIPTION

Independence Health Group, Inc. is a provider of insurance products and services in US.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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