AmTrust Reports $175M Loss in Q3 Amid 'Transformative Year'

AmTrust Financial Services on Wednesday reported a net loss of $175 million for the third quarter of 2017, which Chief Executive Officer Barry Zyskind described as “a transformative year.” “Over the past seven months, we have fundamentally transformed the company’s balance sheet,” Zyskind said in a news release. “The initiatives we took earlier this year, including a capital raise of $300 million and the sale of the personal lines policy management system to National General Holdings for $200 million, have significantly strengthened our capital ba...