AmTrust Financial Services

TypePrivate
IndustryInsurance, Extended Warranties, Specialty Risk
FounderGeorge Karfunkel Michael Karfunkel
Headquarters59 Maiden Lane New York City, USA
Area servedNorth America United Kingdom Europe
ProductsCyber insurance – Liability insurance – Workers' compensation – EPLI – Disability insurance
OwnerStone Point Capital
Websiteamtrustfinancial.com
  • AmTrust Financial Services, Inc. , is a New York City-based multinational property and casualty insurance company, offering workers’ compensation, general liability, business owners policies (BOP), cyber liability, EPLI and more.
  • Operating through its subsidiaries, its operations are divided into three segments: Small Commercial Business insurance, Specialty Risk and Extended Warranty insurance, and Specialty Middle-Market Property and Casualty insurance.
  • The company's main regions of operations are North America, United Kingdom, and mainland Europe.

Affiliated companies and subsidiaries

  • Most of the company's business is contracted worldwide through more than 20 insurance companies and subsidiaries. The following are some of their US subsidiaries:
    • AmTrust Insurance Company (AIC)
    • AmTrust Title Insurance Company (ATIC)
    • ARI Insurance Company (ARI)
    • Associated Industries Insurance Company, Inc. (AIIC)
    • CorePointe Insurance Company (CPIC)
    • Developers Surety and Indemnity Company (DSIC)
    • First Nonprofit Insurance Company (FNIC)
    • Heritage Indemnity Company (HIC)
    • Indemnity Company of California (ICC)
    • Milford Casualty Insurance Company (MCIC)
    • Republic Fire and Casualty Insurance Company (RFC)
    • Republic Lloyds (RL)
    • Republic Underwriters Insurance Company (RUIC)
    • Republic-Vanguard Insurance Company (RVIC)
    • Rochdale Insurance Company (RIC)
    • Sequoia Insurance Company (SIC)
    • Security National Insurance Company (SNIC)
    • Southern Insurance Company (SOIC)
    • Southern Underwriters Insurance Company (SUIC)
    • Technology Insurance Company, Inc. (TIC)
    • Wesco Insurance Company (WIC)
  • The company's foreign insurance subsidiaries include:
    • AmTrust Assicurazoni S.p.A.
    • AmTrust International Insurance Ltd. (AII)
    • AmTrust International Underwriters Designated Company Activity (DAC)
    • AmTrust Europe, Ltd. (AEL)
    • Motors Insurance Company Ltd. (MIC)
    • Primero Seguros, S.A. de C.V.

Core business segments

  1. Small Commercial Business Insurance
    • The Small Commercial Business segment of AmTrust provides worker's compensation to small businesses which operate in low and medium hazard classes. Included in this class are restaurants, retail stores, physicians and other professional offices. They also offer commercial package and other property and casualty insurance products to small businesses.
  2. Specialty Program Business Insurance
    • This segment provides workers’ compensation, general liability, commercial auto liability, excess surplus lines insurance programs and other specialty commercial property and casualty insurance through managing general agents.
  3. Specialty Risk and Extended Warranty
    • This segment is engaged in providing custom designed coverages.
    • Included are accidental damage plans and payment protection plans sold in connection with the sale of consumer and commercial goods in the United States and Europe.

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