AmTrust acquires middle market practice from Dual North America
Property/casualty insurer AmTrust Financial Services has acquired the middle market management liability business of Dual North America.
The deal includes its underwriting team and renewal rights to the portfolio. Seven Dual professionals will join AmTrust's EXEC unit.
Dual North America Management Liability is a nationwide admitted programme for both for-profit and not-for-profit entities. The portfolio includes directors & officers liability, employment practices liability, fiduciary liability and crime coverage.
"This acquisition represents an excellent, complementary addition to an already strong business at AmTrust," said Jim Seymour, senior vice president, AmTrust EXEC. "We're confident that in addition to being successful with the renewals, we will be able to grow the client base across new classes. The addition of this middle market team and portfolio is a definite enhancement to AmTrust's presence in the private management liability space."
Dennis Kearns, president, Dual Transaction Solutions, added: "Dual has a strong relationship with AmTrust in multiple classes," said "This transaction will allow the Middle Market team to expand its appetite and products, and we feel this is an excellent fit for this group of management liability professionals."
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
