Blackstone Inc. and AmTrust Partner to Spin Off Global MGA and Fee Businesses into New Independent Company
Reuters
Sep 15, 2025
Blackstone Inc. and AmTrust Partner to Spin Off Global MGA and Fee Businesses into New Independent Company
AmTrust Financial Services, Inc., a global specialty property casualty insurer, and Blackstone Credit & Insurance have announced a definitive agreement to spin off certain of AmTrust's Managing General Agencies and fee businesses in the U.S., United Kingdom, and Continental Europe into a new, independent company. This strategic transaction aims to unlock value for AmTrust and position the new company for accelerated growth. Adam Karkowsky, current President of AmTrust, will leave his role to become Chairman and CEO of the new multinational MGA platform. The deal has been approved by AmTrust's Board of Directors and is expected to close by the end of 2025, pending customary closing conditions and regulatory approvals.
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