Today’s issue of WorkCompRecap features news of the completions of a couple of acquisitions, starting with AmTrust Financial’s announcement that it recently completed its acquisition of Comp Options Insurance Co, a subsidiary of Blue Cross & Blue Shield of Florida, for cash. The purchase price was approximately 1.2 times tangible book value.
Comp Options generated $70 million in Florida Workers’ Comp premiums in the last 12 months, and AmTrust noted both organizations’ similar marketing approaches, which include targeting companies with low-hazard risk profiles, and that they look forward to integrating the staff that helped build Comp Options’ business.
Find out more by clicking here!