AmTrust Financial Services Inc. (AFSI:US), the insurer that bought an auto-warranty business from Ally Financial Inc., gained in New York trading after announcing a conference call to discuss its “positive outlook.”
The insurer rose 4.3 percent to $35.07 at 10:42 a.m., extending its advance for the year to 34 percent.
AmTrust dropped as much as 20 percent (AFSI:US) on Dec. 12 after GeoInvesting, a website that provides research to subscribers, challenged the New York-based insurer’s accounting. Chief Executive Officer Barry Zyskind said in a statement that day that AmTrust’s financial position had “never been stronger.”
Zyskind and Chief Financial Officer Ron Pipoly will hold the conference call at 5 p.m. in New York today to “comment on the company’s recent stock activity and provide an update on the positive outlook for year-end 2013 and 2014,” the insurer said in a statement.
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