AmTrust Financial Services Inc. on Friday disclosed it has been under investigation by the Securities and Exchange Commission for nearly five years over its accounting practices and other matters. In a proxy filing with the SEC, the New York insurer said that since June 2013, it “has been responding to an investigation by the SEC, which in its course has included” a review of its accounting for its loss and loss-adjustment reserve estimates for major business lines and segments, its investment in life settlement contracts,...

Source: Wall Street Journal May 04, 2018 18:00 UTC