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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

BusinessDealWhenValue
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
acquisitionOn October 7, 2015approximately $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
acquisitionOn September 25, 2015approximately $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
acquisitionOn March 2, 2015approximately $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
acquisitionOn January 6, 2015approximately $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
acquisitionOn January 6, 2015approximately $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
acquisitionOn October 1, 2014approximately $34.3 million in cash
Insco Insurance Services, Inc. ("Insco Dico") and its subsidiaries
Word 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
acquisitionOn January 3, 2014approximately $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
acquisitionOn November 7, 2016approximately $203 million in cash
Trust Risk Group (TRG) renewal rights and non-compete agreement
Word 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
acquisitionOn 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
acquisitionOn May 31, 2016approximately € 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
acquisitionOn October 7, 2015approximately $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 business
Word 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
acquisitionOn September 25, 2015approximately $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
divestitureFebruary 28, 2018—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedGoodwill from acquisitions
2016-12-31$258.5 million
2017-12-31$70.1 million

Deal filings since 2016

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.