AmTrust sells NatGen shares to net $212mn

AmTrust sold about 86 percent of its stake in sister company
National General Holdings, a US personal lines insurer, as the
embattled specialty carrier works to shore up its balance
sheet.
The sale of 10,586,000 common shares of NatGen - equivalent to a
9.9 percent of the New York-based insurer's equity outstanding
- brought in around $211.7mn from "unaffiliated third
parties" through privately negotiated deals, AmTrust said
early today. The company did not provide further details regarding
the