AmTrust MGA network put up for sale

Troubled US insurance giant AmTrust is looking to sell a 51
percent stake in its MGA network and warranty administration
business to a private equity buyer, according to CEO Barry
Zyskind.
Speaking on a call with analysts after market close yesterday,
Zyskind said AmTrust was exploring a sale of a controlling stake in
the business, with a view to raising more than $1bn in cash.
Zyskind first mentioned the idea of exiting the MGA network in
February on a call...