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Atlas Financial Holdings closes sale of American Service – New Business Ethiopia


Atlas Financial Holdings, Inc. today announced that the previously disclosed sale of the stock, charter and state licenses of Atlas’ indirect subsidiaries American Service Insurance Company, Inc. and American Country Insurance Company.
The deal aimed to Buckle, an inclusive tech-enabled financial services company, was concluded successfully with the necessary regulatory and court approvals.
Transaction Details and Background
The transaction closed effective May 25, 2021. The amount of $3,000,000, representing a portion of the purchase price, was paid to the statutory liquidator of the Indirect Subsidiaries at closing by Buckle.
A holdback amount will be paid by Buckle to the statutory liquidator within five (5) business days following the date that is six (6) months following the closing date, which will be calculated based on the status of licenses that may change following closing. ....

United States , Sharon Fernandez , Scottd Wollney , Atlas Financial Holdings Inc , American Service Insurance Companies , Gateway Insurance Company , Exchange Commission , American Service Insurance Company Inc , Group Management Inc , American Country Insurance Company , Atlas Financial Holdings , American Service Insurance Company , American Country Insurance , Indirect Subsidiaries , Insurance Subsidiaries , Anchor Group Management , American Country , ஒன்றுபட்டது மாநிலங்களில் , ஷரோன் பெர்னாண்டஸ் , அட்லஸ் நிதி ஹோல்டிங்ஸ் இன்க் , நுழைவாயில் காப்பீடு நிறுவனம் , பரிமாற்றம் தரகு , குழு மேலாண்மை இன்க் , அமெரிக்கன் நாடு காப்பீடு நிறுவனம் , அட்லஸ் நிதி ஹோல்டிங்ஸ் , மறைமுகமாக துணை நிறுவனங்கள் ,