NEW YORK (AP) — AmTrust Financial Services Inc. said Tuesday that it is buying a fellow insurer, privately held Sequoia Insurance Co., for about $60 million as it seeks to bolster growth.
|AmTrust, which is based in New York, began in 1998 as a workers' compensation insurance provider for small businesses. It has since broadened its business insurance coverage, partly through acquisitions.
|Sequoia, which is based in Monterey, Calif., also sells property and casualty insurance for small- to mid-sized businesses, including workers' compensation insurance.
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