Karfunkel family injects $300mn into AmTrust

Family members of AmTrust's founders have injected $300mn
into the company through a private share offering just weeks after
speculation that the insurer would require hundreds of millions of
dollars to bolster reserves.
In a move announced after markets closed today (25 May), New
York-based AmTrust said it would issue about 24.1 million common
shares priced at $12.45 each to raise the funds through a private
placement, which is expected to close tomorrow.
The insurer said the cash would be...