AmTrust Acquires Pennsylvania's ARI Insurance

AmTrust Financial Services has completed the acquisition of Newtown, Pennsylvania-based ARI Insurance Co., AmTrust announced last week. Terms of the deal were not disclosed. ARI is one of the top 10 writers of commercial automobile insurance in New Jersey and has recently entered Pennsylvania and Maryland, AmTrust said in a news release. Last year, ARI wrote about $58 million in premiums, with most of the business written in New Jersey. AmTrust Financial Services Inc. is a multinational insurance holding company headquartered in New York City. It offers specialty property and casualty insur...