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M&A Deal Summary

AmTrust Financial Acquires First Nationwide Title

On May 20, 2016, AmTrust Financial acquired insurance company First Nationwide Title

Acquisition Highlights
  • This is AmTrust Financial’s 24th transaction in the Insurance sector.
  • This is AmTrust Financial’s 23rd transaction in the United States.
  • This is AmTrust Financial’s 2nd transaction in New York.
Investment Fate
  • First Nationwide Title was divested to a consortium of strategic buyers in 2024.

M&A Deal Summary
Date 2016-05-20
Target First Nationwide Title
Sector Insurance
Buyer(s) AmTrust Financial
Deal Type Add-on Acquisition

Target

First Nationwide Title

New York, New York, United States
First Nationwide Title is a provider of title insurance and related services for the commercial/residential real estate industry on both a national and international scale. First Nationwide Title is based in New York City.

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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 28 of 32
Sector (Insurance) 24 of 28
Type (Add-on Acquisition) 18 of 20
State (New York) 2 of 3
Country (United States) 23 of 26
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 ANV Holdings B.V.

Jersey City, New Jersey, United States

ANV is a specialty insurance company that underwrites a variety of commercial property/casualty insurance products through its three Lloyd's syndicates and managing general underwriter. ANV has a well-established infrastructure composed of a highly skilled management team and solid underwriting capability.

Buy $219M
FOLLOWING 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 -
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