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AmTrust Financial Services closes Genworth Financial Mortgage purchase

AmTrust FinancialServices Inc. has completedits acquisition of for approximately $55 million in cash.

Genworth Financial Mortgage was the European mortgage insurancebusiness of Genworth Financial Inc.indirect subsidiary Genworth MortgageInsurance Corp.

Genworth Financial said net proceeds of about $50 million willprovide additional capital to Genworth Mortgage Insurance.