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AmTrust's $327M Loss Reserve Increase Worries Analysts

By Elaine Goodman (medical/business Reporter)

Wednesday, November 8, 2017 | 917 | 0 | 0 min read

Concerns about the adequacy of loss reserves at AmTrust Financial Services have prompted A.M. Best to place the company’s rating under review, with negative implications, and another analyst to downgrade his recommendation on AmTrust from “buy” to “neutral.” A.M. Best’s action followed AmTrust’s announcement on Monday that the company will be increasing its prior-year loss reserves by $327 million for the third quarter. Combined with a $63 million reserve charge in the second quarter, AmTrust has used up $400 million in adverse development cover, or ...

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