AmTrust Financial Services completed the spin-off certain MGA assets and fee businesses.

AmTrust Financial Services, a company that provides insurance protection, warranty programs and risk management expertise, completed the spin-off certain MGA assets and fee businesses. Blackstone Credit & Insurance will acquire a majority stake in the spun-off businesses and partner with AmTrust in their operations. Financial terms were not disclosed. “We are very pleased to have successfully closed this transaction in partnership with Blackstone to further build upon the strong foundation of this global MGA platform. Under the leadership of Adam, I look forward to ANV achieving new levels of profitable portfolio growth and continuing to provide strong underwriting and service. We will continue to work with ANV and participate in its future success, through our significant retained equity interest,” Barry Zyskind, AmTrust Chairman and CEO.