On the Record · Amtrust Financial Services
Amtrust Financial Services acquisitions, on the record
The businesses Amtrust Financial Services bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Springfield Insurance Company and its affiliates, Springfield Insurance Company Ltd. and Unified Grocers Insurance Services (collectively "Springfield")Word for word“On October 7, 2015 , we acquired all of the issued and outstanding stock of Springfield Insurance Company and its affiliates, Springfield Insurance Company Ltd. and Unified Grocers Insurance Services (collectively "Springfield") for approximately $31.6 million .” 10-K for 2015 | acquisition | On October 7, 2015 | approximately $31.6 million |
Warranty Solutions, a Wells Fargo business ("Warranty Solutions")Word for word“On September 25, 2015 , we acquired all of the issued and outstanding stock of Warranty Solutions, a Wells Fargo business ("Warranty Solutions") for approximately $156.2 million in cash.” 10-K for 2015 | acquisition | On September 25, 2015 | approximately $156.2 million in cash |
CorePointe Insurance Company ("CorePointe")Word for word“On March 2, 2015 , we acquired all of the issued and outstanding stock of CorePointe Insurance Company ("CorePointe") for approximately $68.8 million .” 10-K for 2015 | acquisition | On March 2, 2015 | approximately $68.8 million |
TMI Solutions, LLC ("TMIS")Word for word“On January 6, 2015 , we acquired all of the issued and outstanding stock of TMI Solutions, LLC ("TMIS") for approximately $61.5 million .” 10-K for 2015 | acquisition | On January 6, 2015 | approximately $61.5 million |
Oryx Insurance Brokerage, Inc. ("Oryx")Word for word“On January 6, 2015 , we acquired all of the issued and outstanding stock of Oryx Insurance Brokerage, Inc. ("Oryx") for approximately $37.6 million .” 10-K for 2015 | acquisition | On January 6, 2015 | approximately $37.6 million |
Comp Options Insurance Company, Inc. ("Comp Options")Word for word“On October 1, 2014 , we acquired Comp Options Insurance Company, Inc. ("Comp Options"), a Florida-based workers' compensation insurer, from an affiliate of Blue Cross & Blue Shield of Florida, for approximately $34.3 million in cash.” 10-K for 2015 | acquisition | On October 1, 2014 | approximately $34.3 million in cash |
Insco Insurance Services, Inc. ("Insco Dico") and its subsidiariesWord for word“On January 3, 2014 , we completed the acquisition of Insco Insurance Services, Inc. ("Insco Dico") and its subsidiaries for a purchase price of approximately $88.7 million .” 10-K for 2015 | acquisition | On January 3, 2014 | approximately $88.7 million |
ANV Holding B.V. and its affiliates (ANV)Word for word“On November 7, 2016 , we completed the acquisition of ANV Holding B.V. and its affiliates ("ANV") from Ontario Teachers’ Pension Plan Board for approximately $203 million in cash.” 10-K for 2016 | acquisition | On November 7, 2016 | approximately $203 million in cash |
Trust Risk Group (TRG) renewal rights and non-compete agreementWord for word“In conjunction with the settlement of a dispute with its former Italian medical liability broker, on July 20, 2016, we obtained the renewal rights associated with all the in-force business produced by Trust Risk Group ("TRG") prior to the termination of our brokerage and agency relationship with TRG, and a non-compete agreement with TRG and related parties for a period of three years in exchange for €16 million (or $17.7 million), as well as the release of a receivable balance due from TRG of €14 million (or $15.5 million).” 10-K for 2016 | acquisition | On July 20, 2016 | €16 million (or $17.7 million) |
N.V. Nationale Borg-Maatscappij and its affiliates (Nationale Borg)Word for word“On May 31, 2016 , we completed the acquisition of N.V. Nationale Borg-Maatscappij and its affiliates ("Nationale Borg") for approximately € 161.4 million (or $180 million ).” 10-K for 2016 | acquisition | On May 31, 2016 | approximately € 161.4 million (or $180 million ) |
First Nationwide Title Agency and its subsidiaries (First Nationwide)Word for word“The consideration for the purchase consisted of approximately $24.0 million at closing and contingent consideration based on profitability of the agency over a five-year period.” 10-K for 2016 | acquisition | — | approximately $24.0 million at closing and contingent consideration based on profitability of the agency over a five-year period |
Genworth Financial Mortgage Insurance Ltd. (Genworth)Word for word“The consideration for Genworth consisted of cash of approximately $54.5 million .” 10-K for 2016 | acquisition | — | — |
Republic Companies, Inc. and its affiliates (Republic)Word for word“The consideration for Republic consisted of approximately $113.5 million of cash at closing, a promissory note payable of approximately $104.7 million due to Delek Group Ltd. and deferred payments of approximately $15.2 million that are owed to the minority owners of Republic.” 10-K for 2016 | acquisition | — | approximately $113.5 million of cash at closing, a promissory note payable of approximately $104.7 million due to Delek Group Ltd. and deferred payments of approximately $15.2 million |
ARI Holdco Inc. and its subsidiaries (ARIH)Word for word“The consideration given for ARIH was approximately $3.8 million.” 10-K for 2016 | acquisition | — | approximately $3.8 million |
Springfield Insurance Company and its affiliates (Springfield)Word for word“On October 7, 2015 , we completed the acquisition of Springfield Insurance Company and its affiliates, Springfield Insurance Company Ltd. and Unified Grocers Insurance Services (collectively, "Springfield") for approximately $26.6 million in cash and a contingent earn-out valued at $5.0 million as of the acquisition date.” 10-K for 2016 | acquisition | On October 7, 2015 | approximately $26.6 million in cash and a contingent earn-out valued at $5.0 million as of the acquisition date |
Warranty Solutions, a Wells Fargo businessWord for word“On September 25, 2015 , we completed the acquisition of Warranty Solutions, a Wells Fargo business ("Warranty Solutions") for approximately $156.2 million in cash.” 10-K for 2016 | acquisition | On September 25, 2015 | approximately $156.2 million in cash |
U.S.-based fee business (majority interest, transferred to Mayfield Holdings LLC)Word for word“On February 28, 2018, we completed the transfer of the U.S.-based fee business to Mayfield and the Investor's acquisition of a majority interest in Mayfield.” 10-K for 2017 | divestiture | February 28, 2018 | — |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2016-12-31 | $258.5 million |
| 2017-12-31 | $70.1 million |
Deal filings since 2016
- 2019-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-01-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-29 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2018-11-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-09-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Amtrust Financial Services’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.