Norton Rose Fulbright has advised AmTrust Financial Services, Inc. on the purchase of a 100% stake in N.V. Nationale Borg-Maatschappij (“Nationale Borg”) from HAL and Egeria.

Nationale Borg is a specialty provider of surety and trade credit insurance. In 2014, Nationale Borg generated €91 million in gross written premium. The transaction will result in a capital gain for HAL of approximately €25 million when completed.

The deal is subject to the approval of regulatory authorities compliance with Works Councils Act rules. The transaction is expected to close by the end of 2015.

The Norton Rose Fulbright team was led by partner Ep Hannema assisted by Rogier de Haan and Joke Everts. Other team members included Floortje Nagelkerke (Regulatory), Daphne Broerse (Real Estate), Annette van Beers (Employment) and Niels Kolste (Tax).