AmTrust closes buy of OTPP-backed ANV Holdings for $203 mn
AmTrust Financial Services Inc (Nasdaq: ASFI) has completed its previously announced acquisition of ANV Holdings BV, a specialty insurance and reinsurance company based in London, United Kingdom. AmTrust said it paid about US$203 million in cash for the company to its previous owner, Ontario Teachers’ Pension Plan (OTPP). OTPP bought ANV in 2012. AmTrust, a U.S. insurance holding company, said the acquisition will add value to its existing AmTrust at Lloyd’s operations.
8 November 2016•4 mins read
