Atlas Financial Holdings, Inc. Enters Into Agreement with American Financial Group, Inc.; Continues Strategic Evaluation
ATLAS FINANCIAL HOLDINGS (AFH)
Last atlas financial holdings earnings: 3/4 04:06 pm
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US:NASDAQ Investor Relations:
atlas-fin.com/investor-relations
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Source: Business Wire
CHICAGO--(BUSINESS WIRE)-- Atlas Financial Holdings, Inc. (NASDAQ:AFH) (“Atlas” or the “Company”) announced today that as an initial outcome of its strategic review, Atlas concluded that the utilization of its wholly owned Managing General Agency (“MGA”) operation to work with strategic external insurance and reinsurance partners will enable the Company to leverage its focus, experience and infrastructure to create value for stakeholders. A definitive agreement was executed effective June 10, 2019 between Atlas and American Financial Group, Inc. (NYSE:AFG). Under this agreement Atlas will act as an underwriting manager for AFG’s National Interstate (“NATL”) subsidiary and transition new and renewal paratransit business to NATL paper for this book of business. This strategic arrangement will combine Atlas’ niche platform including the analytics and technology Atlas has developed based on decades of e
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