AmTrust could be near end of credibility issues: KBW

Keefe, Bruyette and Woods analysts suspended coverage of AmTrust
following news the company will restate three years of accounts,
but claimed the carrier could be nearing the end of its credibility
issues.
Yesterday, AmTrust warned that its financial reports for 2014 to
2016 "should no longer be relied upon" and will be
restated.
Consolidated financial statements for 2014 and 2015 as well as
those covering the first nine months of last yearare unreliable , the New York-headquartered carrier said