- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
-
- IPO Date
- Nov 13, 2006
- Business
- AmTrust Financial Services, Inc. (AFSI) is a multinational property and casualty insurance company that provides specialized coverage to small and middle-market businesses worldwide. The company offers workers' compensation insurance; business owners policies (BOP); general liability; commercial package insurance; cyber liability; employment practices liability (EPLI); commercial auto liability; excess and surplus lines; property insurance; commercial property; executive liability; surety bonds; extended warranty programs; accidental damage plans; payment protection plans; and risk management services, with additional specialty products including directors and officers (D&O) liability, professional indemnity, legal expenses, mortgage and structured credit, agricultural workers' compensation, income protection, accident and health (A&H), and niche residential and commercial property coverages. Operating through subsidiaries in three primary segments—small commercial business insurance, specialty program business insurance, and specialty risk and extended warranty—AmTrust serves industries such as restaurants, retail, healthcare, contractors, manufacturing, transportation, financial institutions, and nonprofits. Founded in 1998 and headquartered at 59 Maiden Lane in New York City, the company maintains significant operations in North America, the United Kingdom, and mainland Europe, employing approximately 6,000 people following recent restructuring.
In September 2025, AmTrust entered a strategic partnership with Blackstone Credit & Insurance (BXCI) to spin off seven managing general agencies (MGAs) and fee businesses—ANV, Risico, Collegiate, AmTrust Nordic, Arc Legal, Qualis, and Abacus—into a new independent multinational company, with the transaction closing in December 2025 subject to regulatory approvals; AmTrust retains a significant equity interest and a 10-year capacity agreement to underwrite the existing books of business. Also in September 2025, AmTrust expanded its excess and surplus (E&S) division by introducing new product lines in property, environmental, and builders risk, while appointing senior industry leaders to bolster its offerings. Additional recent developments include the appointment of Carl Canales as Executive Vice President, Head of Field Operations for North American P&C in early September 2025, and recognition with a 5-Star Claims Excellence award from Insurance Business America in June 2025. AmTrust holds an "A-" (Excellent) financial strength rating from AM Best.