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The multinational insurance holding company AmTrust Financial Services, Inc., has entered into an agreement to acquire CPPNA Holdings, Inc., for approximately $40 million from U.K.-based CPPGroup PLC. The purchase of CPPNA is expected to close during the second quarter of 2013. AmTrust said that, over the next year, it anticipated that CPPNA would produce approximately $70 million in fee revenue. 

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