Unitrin’s President and Chief Executive Officer, Donald Southwell, said “We will miss our friends at UBI, who did a tremendous job in re-engineering that operation over the last several years. However, we believe that the transaction provides good value for Unitrin’s shareholders, while at the same time providing an excellent strategic fit for UBI within AmTrust’s commercial insurance operations.”
AmTrust, based in New York City, is a multinational specialty property and casualty holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability, extended service and warranty coverage.
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