AmTrust Financial Services Expands and Evolves in the Industry

AmTrust Financial Services has been a significant player in the insurance industry for decades. The company was founded in 1998 by Barry Zyskind and was initially focused on providing workers' compensation insurance to small and medium-sized businesses.

AmTrust has expanded its services over the years to include a range of insurance products, including liability, property, and auto insurance. This diversification has helped the company to grow and establish itself as a major force in the industry.

One of the key factors behind AmTrust's success is its commitment to innovation and technology. The company has invested heavily in developing cutting-edge software and systems that enable it to provide more efficient and effective services to its customers.

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AmTrust Financial Services has a vast network of affiliated companies and subsidiaries that operate worldwide. This extensive network enables the company to provide a wide range of insurance services to its clients.

The company's U.S. subsidiaries include AmTrust Title Insurance Company, ARI Insurance Company, and Heritage Indemnity Company, among others. Each of these subsidiaries plays a crucial role in the company's overall operations.

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Some of the company's U.S. subsidiaries are:

The company's foreign insurance subsidiaries include AmTrust Assicurazoni S.p.A., AmTrust International Insurance Ltd., and AmTrust Europe, Ltd., among others. These subsidiaries cater to the company's international clients and provide them with specialized insurance services.

Some of the company's foreign insurance subsidiaries are:

AmTrust Financial Services has made several strategic business acquisitions over the years, expanding its product offerings and geographic reach.

In 2009, AmTrust acquired the assets of the American Manufacturers Insurance Company, adding to its portfolio of specialty insurance products.

This acquisition marked a significant milestone in the company's growth, allowing AmTrust to tap into new markets and increase its revenue streams.

AmTrust continued to grow through strategic acquisitions, with the company's revenue more than doubling between 2010 and 2015.

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AmTrust Financial Services Inc. has made a significant move in the business world by acquiring the middle market management liability business of DUAL North America.

The acquisition includes the underwriting team and renewal rights to the portfolio, giving AmTrust a solid foothold in this market.

Seven DUAL professionals will join AmTrust's team as part of the transaction, bringing their expertise and knowledge to the table.

This strategic move is a testament to AmTrust's commitment to growth and expansion in the business sector.

Liberty Mutual Insurance has completed the acquisition of three European subsidiaries of AmTrust Financial Services. The subsidiaries acquired are Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain.

This acquisition marks a significant move for Liberty Mutual, expanding its presence in the European market. The company has made a strategic decision to grow its business in this region.

Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain are now part of Liberty Mutual's portfolio. This acquisition brings new opportunities for growth and development.

Liberty Mutual's acquisition of these European businesses is a testament to the company's commitment to expansion. The move is expected to have a positive impact on the company's overall performance.

The acquisition is now complete, and Liberty Mutual is poised to take advantage of the new opportunities that come with it.

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Tokio Marine's ProAg is set to acquire a crop insurance managing general agent (MGA) from AmTrust Financial.

The deal involves Producers Ag Insurance Group Inc. acquiring AmTrust Agriculture Insurance Services, a Leawood, Kan.-based MGA.

The acquisition is subject to regulatory approvals and is expected to close by May 1.

Terms of the deal were not disclosed.

AmTrust Financial Services offers a range of insurance services that cater to various needs. They provide custom designed coverages for consumer and commercial goods in the United States and Europe.

Their specialty risk and extended warranty segment offers accidental damage plans and payment protection plans, which can give consumers peace of mind when purchasing goods. These plans can also provide financial protection in case of unexpected events.

By providing these insurance services, AmTrust Financial Services aims to offer comprehensive protection to its clients, helping them manage risks and uncertainties.

AmTrust Exec has launched a commercial crime product designed to provide coverage for medium- and large-sized businesses.

This product covers loss from employee and third-party theft, offering protection to businesses that need it.

The commercial crime product is a monoline product, meaning it focuses specifically on commercial crime coverage.

AmTrust Exec is a division of AmTrust Financial Services, Inc., a company with experience in providing insurance services to businesses.

This new product is designed to help businesses manage the risk of theft and other crimes, providing peace of mind and financial protection.

The commercial crime product is a valuable addition to the insurance services offered by AmTrust Exec.

The Specialty Risk & Extended Warranty segment provides custom designed coverages for consumer and commercial goods in the United States and Europe. These coverages include accidental damage plans and payment protection plans.

Accidental damage plans can be particularly useful for protecting against unexpected events, such as spills or drops, that can damage valuable items.

Payment protection plans offer an added layer of security for consumers, ensuring they can continue making payments even if their goods are damaged or become unusable.

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AmTrust Financial Services has been involved in a significant investigation. On June 17, 2020, the U.S. Securities and Exchange Commission filed a complaint against the company and its former CFO Ronald E. Pipoly.

The complaint alleged that the company's disclosures about its actuarial process for estimating loss reserves were incomplete. The company's process for reporting its management's best estimate of loss reserves was not properly disclosed.

AmTrust Financial Services agreed to accept a $10.3 million civil penalty in full settlement of the claims.

The U.S. Securities and Exchange Commission (SEC) takes enforcement action against companies that don't follow the rules.

In June 2020, the SEC charged AmTrust Financial Services, Inc. and its former CFO Ronald E. Pipoly with failing to disclose the company's actuarial process for estimating loss reserves.

The SEC alleged that AmTrust's disclosures through 2015 were incomplete, and the company agreed to a $10.3 million civil penalty.

Pipoly also agreed to pay a penalty, disgorgement, and interest totaling $237,499 to settle the claims.

AmTrust Financial Services, Inc. was involved in a federal securities fraud action, where the company and three of its directors allegedly falsely assured investors that AmTrust preferred stock would continue to be listed on the New York Stock Exchange.

The lawsuit, Martínek v. AmTrust Financial Services, Inc., was filed on behalf of purchasers of AmTrust preferred stock between January 22, 2018 and January 18, 2019.

Wolf Popper LLP served as the Court-appointed Lead Counsel and Class Counsel in this case, achieving a $13 million settlement in 2022.

Judge Katherine Polk Failla denied the defendants' motion to dismiss, finding that the complaint had sufficiently articulated a "classic bait and switch."

The settlement was reached after extensive fact and expert discovery, and was approved as fair, reasonable and adequate to the class by Judge Failla on November 16, 2022.

Wolf Popper "conducted the Litigation and achieved the Settlement with skill, perseverance and diligent advocacy", according to Judge Failla.

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AmTrust Financial Services made a significant move by finalizing its $2.95 billion privatization plan on November 28, 2018.

The privatization plan was completed after receiving all necessary approvals.

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AmTrust Financial Services announced leadership changes after finalizing its $2.95 billion privatization plan on November 28, 2018.

The company's privatization plan received all necessary approvals, marking a significant milestone in its transition to a private entity.

AmTrust Financial Services Inc. (AFSI) is now a private company, having completed its privatization plan.

The company's leadership changes are a key part of its new direction as a private company.

A.M. Best, a rating agency, is still reviewing the impact of AmTrust's plans to sell some of its fee business and take the insurer private.

Arca Capital, an investment firm, is working with activist investor Carl Icahn to prevent AmTrust's privatization plan, owning approximately 2.4 percent of outstanding shares.

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The President of Inc. plays a crucial role in the leadership of a company. Adam Karkowsky is the President of AmTrust Financial Services, Inc..

In many cases, the President of Inc. is responsible for making key decisions that impact the company's direction.

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AmTrust Financial Services has a significant presence in the financial industry. The company's annual revenue was $5.6 billion in 2025.

Their financial performance is a key aspect of their overall success.

The SIC code is a crucial piece of information for financial companies. For AmTrust Financial Services, Inc., the SIC codes are 64, 6411, and 641.

SIC codes are used to classify businesses by industry. Companies like AmTrust Financial Services, Inc. need to know their SIC code to report financial information accurately.

To find your company's SIC code, you can check with the US Census Bureau or your accountant. They can help you determine the correct code based on your business activities.

Having the right SIC code ensures that financial reports are compliant with regulations. It's essential for businesses to get it right to avoid any issues.

AmTrust Financial Services, Inc. has a significant annual revenue, with $5.6 billion reported in 2025.

The company's financial performance is a crucial aspect of its overall success.