AmTrust Financial Services and Blackstone Enter Into Strategic Partnership

Paul, Weiss is advising AmTrust Financial Services, Inc., a global specialty property casualty insurer, in its strategic partnership with Blackstone Credit & Insurance, under which AmTrust will spin-off certain of its managing general agencies and fee businesses in the U.S., United Kingdom, and continental Europe to form a new, independent company.

The agreement includes seven AmTrust subsidiaries: ANV, Risico, Collegiate, AmTrust Nordic, Arc Legal, Qualis and Abacus. AmTrust and the newly formed company will enter into a 10-year capacity agreement through which AmTrust will remain underwriter of the agencies’ existing books of business. The deal is expected to close by the end of 2025, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Adam Givertz, David Tarr and Ben Wilkinson, and includes partners Prem Mohan and Dan Schuster-Woldan; tax partners Scott Sontag, Cian O’Connor, Timothy Lowe, Jeffrey Samuels and Deeksha Rathi, and counsel Alyssa Wolpin, Adam Parry, Patrick Karsnitz and Samir Kurani; executive compensation partner Rebecca Coccaro and counsel Jake Glazeski; intellectual property partners John Patten and Jonathan Ashtor, and counsel Elana Bensoul and Georgina Hoy; antitrust partners Annie Herdman, Nicole Kar and Yuni Sobel; real estate partner Salvatore Gogliormella; environmental counsel William O’Brien; and litigation counsel Audrey Paquet.