AmTrust acquires Lloyd’s insurer
US specialty insurer AmTrust has ended its search for a Lloyd's
platform after buying the diminutive Dore & Associates (DAHL)
and its Syndicate 2526.
The £50mn stamp capacity syndicate is currently managed under
a turnkey basis by the third-party manager Asta (formerly
Whittington), after novating across from Alterra at Lloyd's on
1 January 2011.
AmTrust said it is hoping to "grow and diversify the syndicate portfolio" and develop the syndicate's management infrastructure in order to eventually migrate to its own...
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