AmTrust sells $212mn stake in NatGen

AmTrust has struck a deal to offload most of its 11.5 percent
stake in US personal lines insurer National General Holdings Corp
(NGHC), as the embattled insurer works to shore up its balance
sheet.
AmTrust has agreed to sell 10,586,000 common shares of sister
company NGHC - equivalent to a 9.9 percent stake - for around
$211.7mn to "unaffiliated third parties", it said in a
statement today.
The carrier's shares were trading down 4.47 percent at
$13.38 in New York...