AmTrust Financial Services Inc. has acquired First Nonprofit Co. Inc. (FNC). In addition, AmTrust has entered into a definitive agreement, pending regulatory and policyholder approval, to acquire Mutual Insurers Holding Co. (MIHC) following the completion of the conversion of MIHC to a stock company from a mutual holding company.
MIHC is the parent of First Nonprofit Insurance Co. (FNIC), a provider of P&C insurance products to nonprofit organizations. During the 12 months following the completion of the transactions, AmTrust expects the acquisitions to contribute $0.12 to $0.14 per diluted share.
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