AmTrust Financial Services has teamed up with funds managed by Blackstone Credit & Insurance to spin off certain AmTrust managing general agencies (MGAs) and fee businesses in the UK, US and Continental Europe into a new, independent entity. The move will see AmTrust and the new company sign a ten-year capacity agreement, with AmTrust continuing as the underwriter for the existing books of business provided through the MGAs. The spin-off will encompass seven AmTrust subsidiaries: Abacus, AmTrust Nordic, ...