AmTrust shares fall 15% after reserve charge

AmTrust shares plunged 15 percent in early trading in New York
today as investors reacted to a major fourth quarter earnings miss
driven by a $65mn reserve charge.
As of 10am EST, AmTrust shares were down 14.6 percent to
$23.63.
Before market opened, the US carrier posted a set of Q4 results
that contained a $65mn reserve charge related to its specialty
programme book.
Fourth quarter operating earnings at AmTrust plummeted 42
percent year-on-year to $66.3mn, and its operating earnings...