AmTrust alleges EUR32mn Trust Risk premium theft

AmTrust Europe has reported its former Italian medical
malpractice broker to the country's police, alleging that it
"misappropriated" EUR32mn of client funds after an
exclusive relationship broke down.
The revelation came in an ongoing UK Commercial Court dispute
brought by the US insurer's European subsidiary against Trust
Risk Group, which is owned and run by Antonio Somma.
AmTrust alleges that it is owed around EUR32mn in withheld
premiums for risks that it has underwritten.