Debevoise & Plimpton LLP is advising AmTrust Financial Services, Inc. on the sale of its domestic and international surety and credit reinsurance operations to Liberty Mutual Insurance.
Upon closing, Liberty Mutual will acquire four AmTrust businesses:
- AmTrust Surety, previously managed by Insco Dico, which provides contract, commercial and subdivision bonds primarily in the Western U.S.
- AmTrust Insurance Spain, which offers surety bonds in Spain and Latin America.
- Nationale Borg, including Nationale Waarborg, which provides surety, worker disability and home purchase bonds in the Netherlands and Belgium.
- Nationale Borg Reinsurance, a global provider of surety, trade credit and political risk reinsurance.
AmTrust Financial Services, a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries.
The Debevoise team is led by partner Uri Herzberg and includes partners Rafael Kariyev, Henry Lebowitz, Elizabeth Pagel Serebransky and Richard Ward; counsel Michael D. Devins; international counsel Benjamin Lyon; international consultant Clare Swirski; and associates Nicholas Bessette, Sarah Hale, Christopher Garrett, Zain A. Kazmi, Samuel Krawiecz, Angela W. Lee, Daniel Priest, Khrystyna Rayko and Molly F. Stockley.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.