AmTrust International buys legal expenses insurance business
Arc Legal Assistance (Arc Legal), a subsidiary of AmTrust International, and a leading provider of legal expenses insurance (LEI) products in the UK and Ireland, has today announced the acquisition of Legal Insurance Management Group (LIM) by AmTrust International, a wholly owned subsidiary of AmTrust Financial Services, Inc. The terms of the acquisition are not disclosed.
This acquisition forms part of AmTrust’s vision to be a leading specialty commercial property and casualty insurer by focusing on local markets and niche products where they can add significant value.
LIM is an ISO 9001-certififed specialist in the legal expenses, professional fees, home emergency and vehicle breakdown insurance markets in the UK and Republic of Ireland. They have built a reputation for providing innovative, bespoke protection and peace of mind for their diverse range of clients, maintaining a commitment to delivering not only high-quality insurance products, but also a premium level of service to their customers.
Barry Smith, Managing Director of LIM, said: “I am delighted that LIM will be joining the AmTrust group and working alongside Arc Legal. They share our commitment to developing products and services, and we look forward to building on our previous 19 years of successful trading.”
Frank O’Malley, Chief Executive of Arc Legal, said “LIM brings unique capabilities, particularly in the assistance arena, which will complement the existing businesses, enabling AmTrust to build a full service offering across ATE and BTE legal expenses, home emergency and motor breakdown. They have a long-standing reputation for quality and integrity in their products and services, and we look forward to this exciting period of continued growth and expansion.”
AmTrust International (AI), the global insurance operation of AmTrust Financial Services Inc, comprise of four regulated companies – AmTrust Europe Limited, AmTrust at Lloyd’s Limited, Car Care Plan and AmTrust International Underwriters Designated Activity Company.
Since its founding year in 2003, AI have significantly expanded into Europe, Asia and South America and today employ more than 1200 staff in 26 locations.
Delivering bespoke insurance solutions around the world, backed by outstanding service, AmTrust International have the knowledge, skills, financial strength, technology and global licences to provide a comprehensive range of risk solutions worldwide.
Rated “A” Excellent by A.M.Best and with a Lloyd’s of London platform backed by the Lloyd’s of London chain of security, the underwriting entities within AmTrust International have the strength and the resources to support your business for the long term.
- Personal Accident & Travel
- PA Treaty
- Credit, Surety, Political Risk and Terrorism
- Professional Lines
- Small Medium Enterprise (SME)
- Cargo & Specie
- Professional Indemnity
- Special Risks
- Legal Expenses
- Accident & Health
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- 8 Dec 2020
- 9 Dec 2019
- 29 Oct 2019
- 5 Aug 2019
- 23 Apr 2019
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- 26 Oct 2018
- 21 Jun 2018
- 8 Mar 2018