Liberty Mutual acquired the surety and credit reinsurance operations of AmTrust.

Liberty Mutual, an American diversified global insurer, acquired the surety and credit reinsurance operations of AmTrust, a multinational property and casualty insurer specializing in coverage for small to midsized businesses. Financial terms were not disclosed. The agreement is an important step in the AmTrust Forward strategic plan to position the company for long-term success. "Earlier this year, we announced our plan to become a leading specialty commercial P&C insurer by focusing on local markets and niche products where we can add significant value," said Barry Zyskind, Chairman and CEO of AmTrust. "The agreement with Liberty Mutual enables us to focus our resources in areas where we can differentiate ourselves through the value we bring to distribution partners and buyers."