Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Chicago-based financial services company Unitrin Inc. said today that it has entered into a definitive agreement to sell its Unitrin Business Insurance (UBI) unit to AmTrust Financial Services Inc., headquartered in New York, in a cash transaction. Terms of the deal were not released.

Unitrin announced in September an agreement in principle for the sale. AmTrust will acquire the renewal rights to the UBI book of business and certain legal entities as well as selected other assets and personnel that Unitrin currently employs to write its UBI business. Unitrin said it will retain preclosing loss and loss adjustment reserves.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.