AmTrust buys DUAL middle-market management liability business

AmTrust Financial Services Inc. said Monday it has acquired the middle-market management liability business of specialty program administrator DUAL North America.

AmTrust said the transaction, whose terms were not announced, includes its underwriting team and renewal rights to its portfolio. As part of the transaction, seven DUAL professionals will join AmTrust’s EXEC unit, the statement said.

Dual North America Management Liability is a nationwide admitted program for for-profit and not-for-profit entities. The portfolio includes directors and officers liability, employment practices liability, fiduciary liability and crime coverage, the statement said.