NEW YORK (AP) — Insurer AmTrust Financial Services Inc. is buying CPPNA Holdings Inc. for about $40 million, adding a seller of services designed to help protect against identity theft to its business.
CPPNA is the North American division of the U.K.-based consumer services firm CPPGroup Plc. It is based in Minnesota. It also offers other services related to product warranties.
AmTrust said Wednesday it expects CPPNA to generate about $70 million in fee revenue over the next year. AmTrust, whose business includes sells workers' compensation and other insurance to small companies, had about $1.9 billion in revenue last year.
Recommended For You
The buyout is expected to close by the end of June.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
