Divestiture • Insurance

National General Holdings Acquires AmTrust Financial Services - Personal Lines Policy Administration System

On September 14, 2017, National General Holdings acquired insurance company AmTrust Financial Services - Personal Lines Policy Administration System from AmTrust Financial for 200M USD

Acquisition Context
  • This is National General Holdings’ 10th transaction in the Insurance sector.
  • This is National General Holdings’ 2nd largest (disclosed) transaction.
  • This is National General Holdings’ 12th transaction in the United States.
  • This is National General Holdings’ 2nd transaction in New York.

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M&A Deal Summary

Date September 14, 2017
Target AmTrust Financial Services - Personal Lines Policy Administration System
Sector Insurance
Buyer(s) National General Holdings
Sellers(s) AmTrust Financial
Deal Type Divestiture
Deal Value 200M USD

Target Company

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.
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Buyer Overview 1

Buyer

National General Holdings

New York, New York, United States

Category Company
Founded 1939
Sector Insurance
Employees8,440
Revenue 5.2B USD (2019)
DESCRIPTION

National General Holdings Corp. is a specialty personal lines insurance holding company that provides personal and commercial automobile, recreational vehicle, motorcycle, homeowners, supplemental health, and other niche insurance products. National General Holdings was founded in 1939 and is based in New York, New York.


Deal Context for Buyer #
Overall 12 of 13
Sector: Insurance 10 of 11
Type: Divestiture 5 of 6
State: New York 2 of 2
Country: United States 12 of 13
Year: 2017 3 of 3
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 HealthCompare Insurance Services

Orange, California, United States

HealthCompare Insurance Services, Inc. is a call center operation as well as a consumer facing website that connects individuals, families and seniors with major medical or Medicare related coverage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 QBE Investments - National Farmers Union Insurance

Sun Prairie, Wisconsin, United States

QBE Investments (North America), Inc. - National Farmers Union Insurance is a Wisconsin domiciled P&C insurance company that predominantly writes personal and farm auto and farm and homeowners’ insurance in the Midwestern United States.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 1 of 4
Sector: Insurance 1 of 4
Type: Divestiture 1 of 4
State: New York 1 of 4
Country: United States 1 of 4
Year: 2017 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-28 AmeriHealth Casualty Insurance Co.

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.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-06 The Amynta Group

New York, New York, United States

The Amynta Group distributes commercial insurance products through managing general agents, offers niche insurance services through specialty risk managers, and provides extended warranties and other financial protection plans for automotive and consumer products. The Amynta Group is based in New York, New York.

Sell $1.2B