AmTrust benefits from Premia ADC in earnings beat

AmTrust has been spared a second quarter underwriting loss after
adjusting for the retroactive reinsurance deal struck with
Arch's Premia Re last month.
In its results posted after markets closed today, the insurer
revealed a headline combined ratio that had increased by almost 10
points to 101.2 percent.
But the Barry Zyskind-led carrier said the retroactive reinsurance deal had blunted the
effect of the underwriting loss, helping the carrier back into the
black with a 95.9 percent combined rat