An Edwards Wildman
deal team of Jeff Etherington and Zachary Lerner in the firm's New York office, Alan Levin and Julie Mahaney in the firm's Hartford office, and Chris Flanagan in the firm's Boston office, advised AmTrust Financial Services and National General Management Corp. in connection with the acquisition of renewal rights to the commercial lines and personal lines business of Tower Group International, Ltd. by AmTrust and National General, respectively. ACP Re, an affiliate of AmTrust and National General, announced that it will merge with Tower, paying cash to Tower's stockholders. After the merger, ACP Re will sell the stock of Tower’s commercial and personal lines US insurer subsidiaries to AmTrust and National General. The acquisition is expected to close in the summer of 2014, pending regulatory approvals.
For more information, please read the press release
from AmTrust. In addition, a link to the National General press release may be found here