AmTrust Gains as Zyskind Highlights ‘Positive Outlook’

Dec. 16 (Bloomberg) -- AmTrust Financial Services Inc., 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 4.8 percent to $35.25 at 4 p.m., extending its advance for the year to 35 percent.

AmTrust dropped as much as 20 percent 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.

To contact the reporter on this story: Alexandria Baca in New York at abaca3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net