AmTrust Raises $145M through Investment Maneuver

AmTrust Financial Services, an international property and casualty insurer focusing on small and medium-sized business clients, has finished a fundraising campaign that added $145 million to its coffers. The insurance carrier announced the completion of its underwritten public offering on Friday. The offering consisted of selling off subordinated notes to underwriters, who plan to sell them through the New York Stock Exchange under the symbol AFSS. AmTrust expects the notes to begin trading on the market in the next 30 days. The underwriters have an option to purchase up to $22.5 million...