Announced
Financials
Sources
Tags
Acquisition
Private
Singapore
Pending
Friendly
Single Bidder
extended warranties
protection plans
Private Equity
Majority
Cross Border
Insurance Brokers
Synopsis
Pacific Century Group, an Asia-based private investment group, agreed to acquire AmTrust Mobile Solutions, a Singapore-based third-party administrator of protection plans and extended warranties for mobile phones in Malaysia, Indonesia, India and the Philippines, from AmTrust Financial Services, a New York City-based multinational property and casualty insurance company. Financial terms were not disclosed.
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