AMT Warranty Corp.
announced last week that it has purchased the remaining 73 percent of
Warrantech Corp., bringing its interest in the company to 100 percent.
AMT is a subsidiary of
AmTrust Financial Services, Inc.
“We are excited about the
additional revenue opportunities and diversification that the Warrantech
transaction provides,” AmTrust Financial Services, Inc. President and CEO Barry
Zyskind said as part of the announcement. “By bringing together these two robust
warranty administration platforms, we expect to significantly increase our fee
income and benefit from enhanced scale and technology efficiencies while
further strengthening AmTrust’s market presence and premium opportunities in
the warranty space.
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