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Liberty Mutual closes acquisition of 3 AmTrust operations

Liberty Mutual Insurance Co. acquired Nationale Borg, Nationale Borg Reinsurance and AmTrust Insurance Spain from AmTrust Financial Services Inc.

The transaction was completed as part of the company's acquisition of the global surety and credit reinsurance operations of AmTrust Financial, announced in April. Liberty Mutual completed the purchase of AmTrust Financial's U.S. surety operations in May.

Skadden Arps Slate Meagher & Flom LLP provided legal advice to Liberty Mutual in the transaction.