LIBERTY MUTUAL COMPLETES ACQUISITION OF AMTRUST’S US SURETY BUSINESS

US property/casualty group Liberty Mutual Insurance has reinforced its position in the US surety market by completing the acquisition of AmTrust Surety, the US surety operation of AmTrust Financial Services. Terms of the deal were not disclosed. Under the deal, first announced in April, Liberty Mutual will also acquire AmTrust Insurance Spain, which offers surety bonds in Spain and Latin America; Nationale Borg, which offers surety, disability and home purchase bonds in the Netherlands and Belgium; and global surety reinsurer Nationale Borg Reinsurance. Those acquisitions are expected to close later this year.