Atlas Financial Holdings, Inc. - Ordinary Shares (AFH) News
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Below are the latest news stories about Atlas Financial Holdings Inc that investors may wish to consider to help them evaluate AFH as an investment opportunity.
Atlas Financial Holdings ([[AFH]] +4.9%) jumps 23% after entering a non-binding letter of intent to sell its indirect subsidiaries, American Country Insurance and American Service Insurance, to Buckle Corp. for up to $5.12M.Anticipates closing in H2 2020.The transaction includes the transfer of stock, charters and state licenses of American Country and American...
Atlas Financial Holdings Announces Letter of Intent for Sale of American Country and American Service Insurance Companies to Ride-Sharing Insurance Provider Buckle; Continues MGA Strategy with Expense Reduction
Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced the execution of a non-binding letter of intent ("LOI") among the Company’s subsidiary American Insurance Acquisition, Inc. ("AIAI"), Buckle Corp ("Buckle") and the statutory rehabilitator ("Rehabilitator") of the Company’s indirect subsidiaries American Country Insurance Company ("American Country") and American Service Insurance Company, Inc. ("American Service") for the acquisition by Buckle of the stock, charters and state licenses of American Country and American Service in a collaborative transaction described further below, as an important continuation of Atlas’ strategic plan. Buckle is a technology-driven financi...
Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced the retirement of its Chairman, Mr. Gordon G. Pratt, from the Board of Directors effective August 1, 2020. Mr. Pratt has been Chairman of Atlas from its inception in January 2011 and, through his investment company Fund Management Group LLC, served as the Company’s lead investor. In addition to Chairing the Board of Directors, Mr. Pratt chaired or served on several committees including Audit, Compensation and Nominating & Corporate Governance.
Atlas Financial Holdings Announces Extension of its Agreement with National Interstate Insurance Company
Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced that it had extended its agreement with National Interstate Insurance Company ("National Interstate" or "NATL"), which was previously announced in June 2019. As extended, Atlas subsidiaries will continue to act as underwriting manager for NATL and transition new and renewal paratransit business to NATL paper until at least August 2021 for fleets with seven or fewer vehicles and until November 2020 for accounts with eight or more vehicles. NATL continues to retain the option to purchase renewal rights on either of these segments at the expiration of the agreement periods. Other previously disclosed material terms of the agreements between the parties remain unch...
Atlas Financial (AFH) divests Gateway to focus on its specialty managing general agency (MGA) business.
Shares of Atlas Financial Holdings Inc. undefined blasted 427% toward a 14-month high on massive volume, in the wake of the commercial automobile insurance…
Shares of Atlas Financial Holdings Inc. blasted 427% toward a 14-month high on massive volume, in the wake of the commercial automobile insurance company's announcement that it closed the sale of its indirect subsidiary Gateway Insurance Co. to financial services company Buckle. Trading volume was 144.8 million, compared with the full-day average of about 565,000 shares, and enough to make the stock the most actively traded on major U.S. exchanges. The company said the previously announced Gateway deal closed effective June 16, with $4.2 million, representing a portion of the purchase price, paid to the statutory liquidator of Gateway at closing. Buckle may pay an additional $500,000 depending on how many insurance licenses are in full force without restriction at the end of 2020. ...
Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced that the previously disclosed sale of the stock, charter and state licenses of Atlas’ indirect subsidiary Gateway Insurance Company ("Gateway") to Buckle, a technology-driven financial services company, was concluded successfully with the necessary regulatory and court approvals.
Nasdaq notified Atlas Financial Holdings (AFH) -3.7% of non-compliance on failure to file its annual report on form 10-K for FY19. Additionally, the company is in violation of additional Nasdaq Listing Rules due to its failure to hold an annual general meeting of shareholders during 2019 and minimum bid price requirement.The Company plans to...
Atlas Financial Holdings Announces Filing of 2018 Annual Report on Form 10-K; Intends to Return to Timely Reporting Concurrent with Filing of 2019 Form 10-K
Atlas Financial Holdings, Inc. (NASDAQ: AFH) ("Atlas" or the "Company") today announced that the Company filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2018.