01-06-2016 09:14 via insuranceinsider.com

AmTrust finally seals Nationale Borg acquisition

AmTrust has finally completed its acquisition of Nationale Borg in
a deal that closed almost six months late and for a higher price
than previously indicated.
The acquisitive carrier announced late last night (31 May) that
it had closed the previously announced transaction to buy the
Amsterdam-based credit and surety (re)insurer.
The deal had been scheduled to close by the end 2015.
The final purchase price was EUR161mn ($179mn), representing a 5
percent increase on the EUR154mn price tag AmTrus
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