- Business
- AmTrust Financial Services, Inc. (AFSIN) operates as a multinational property and casualty insurance company, providing specialized insurance protection, warranty programs, and risk management services to small businesses, specialty risks, and middle-market clients worldwide. Founded in 1998 and headquartered at 59 Maiden Lane in New York, New York, the company conducts operations across North America, the United Kingdom, and continental Europe through numerous subsidiaries including AmTrust Insurance Company, Wesco Insurance Company, and Technology Insurance Company; its core offerings encompass workers' compensation insurance for low- and medium-hazard classes such as restaurants, retail, healthcare, and professional offices; business owners policies (BOP), commercial package policies, general liability, cyber liability, employment practices liability (EPLI), commercial property, and executive liability in the small commercial segment; specialty program business insurance including workers' compensation, general liability, commercial auto liability, and excess surplus lines via managing general agents; specialty risk and extended warranty products such as accidental damage plans, payment protection plans, warranty, legal expenses, medical malpractice, professional indemnity, property, and mortgage and credit coverages; as well as excess and surplus lines featuring property, environmental, and builders risk; title and escrow services through AmTrust Title; surety bonds for contractors and developers; and cyber defense solutions for small and mid-sized businesses. AmTrust serves diverse industries including auto repair, contractors, financial institutions, grocery stores, landscapers, manufacturing, nonprofits, offices and professional services, restaurants, retail, schools, transportation, and wholesale. In September 2025, AmTrust announced a definitive agreement with Blackstone Credit & Insurance to spin off certain managing general agencies and fee businesses in the U.S., U.K., and Europe—including ANV, Risico, Collegiate, AmTrust Nordic, Arc Legal, Qualis, and Abacus—into a new independent company backed jointly by AmTrust and Blackstone funds, expected to close by year-end subject to regulatory approvals; the company also expanded its excess and surplus division with new property, environmental, and builders risk product lines, appointed senior leaders such as Kevin Sullivan for property and Rob Tricamo for casualty, and made key hires including Carl Canales as EVP Head of Field Operations for North American P&C and Bruce Shuman as Chief Marketing Officer.