AmTrust continues asset sales with IT system

Nasdaq-listed AmTrust has agreed to transfer a technology system
that it currently licenses to former sister company National
General to the personal lines writer for $200mn.
The deal, which will replace the existing licensing
arrangements, is the latest example of AmTrust taking actions to
strengthen its balance sheet.
The companies said in a statement today that AmTrust had leased
the system to NatGen for seven years. Under the terms of the
original agreement, NatGen was entitled to acquire th