In industry news:

AmTrust Financial Services Inc., a large provider of workers’ compensation insurance, surged in New York trading after members of the chief executive officer’s family agreed to inject $300 million for new shares in a private placement. The family of CEO Barry Zyskind and Director George Karfunkel said after markets closed that it would buy the stake for last Thursday’s closing price of $12.45 a share. AmTrust jumped 12 percent to $14 at 4 PM Friday.

Read more via Insurance Journal here.

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