AmTrust fee business sale an uphill struggle

AmTrust is likely to find it a challenge to divest a 51 percent
stake in its fee business, according to banking sources.
Sources at a range of Wall Street banks expressed extreme
scepticism about the willingness of private equity houses to enter
into a partnership with AmTrust given the challenges the
Nasdaq-listed insurer faces.
A number said that management's early discussions with
financial sponsors had failed to yield interest in buying a slim
majority stake in the business that AmTrust...