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AFSI on NASDAQ

AmTrust Financial Services, Inc.

Logo: AmTrust Financial Services Uploaded by Tracymarieb at en.wikipedia, Public domain, via Wikimedia Commons5

New York City-based multinational property and casualty insurance company

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, employment practices 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.3 It was founded by Michael Karfunkel and George Karfunkel.1 It is headquartered in Home Insurance Plaza.1 Its shares trade on NASDAQ under the symbol AFSI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1998Founded1

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  • TickerAFSI on NASDAQ1
  • Industryinsurance industry, reinsurance1
  • HeadquartersHome Insurance Plaza1
  • Websiteamtrustfinancial.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address59 Maiden Lane, 43Rd Floor, New York, Ny 100386
  • Filer categoryLarge accelerated filer6
  • LEI549300SNNS1GRWBTGA284
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressc/o UNITED AGENT GROUP INC., 1521 CONCORD PIKE SUITE 201, 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22459374

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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, employment practices 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. AmTrust is rated “A−” (Excellent) by AM Best Company. Barry Zyskind is the chairman and CEO.3

Corporate structure

AmTrust Financial Services, Inc. sits at the top of its group. 9 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • AmTrust Financial Services, Inc. Wilmington, Delaware, United States
    • FORUM MARKETS Inc Stake · Palm Beach, Florida
    • Kestrel Group Ltd Stake · D0
    • AII Insurance Management Limited Subsidiary · Hamilton, Bermuda
      • AmTrust Equity Solutions Ltd. Subsidiary · Hamilton, Bermuda
    • AmTrust International Insurance, Ltd. Subsidiary · Hamilton, Bermuda
      • AmTrust Bermuda I Ltd. Subsidiary · Hamilton, Bermuda
      • AMTRUST ITALIA HOLDINGS LLC Subsidiary · New York, New York, United States
    • AmTrust Specialty Limited Subsidiary · London, United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); stakes of 5% or more it reported on Schedules 13D and 13G (2 companies). Each entity in the chart links to its source.

What it owns

What AmTrust Financial Services, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$697.5M8 Dec 31, 2017$495.5M8 Dec 31, 2016+40.8%
Accumulated depreciation$240.0M8 Dec 31, 2017$181.2M8 Dec 31, 2016+32.5%
Property and equipment, net$453.4M8 Dec 31, 2017$314.3M8 Dec 31, 2016+44.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$763.1M8 Dec 31, 2017$567.8M8 Dec 31, 2016+34.4%
Debt securities available for sale$7.5B8 Dec 31, 2017$7.4B8 Dec 31, 2016+1.2%
Stakes in other companies (equity method)$08 Dec 31, 2017$151.3M8 Dec 31, 2016−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$552.9M8 Dec 31, 2017$686.6M8 Dec 31, 2016−19.5%
Intangible assets, net (excluding goodwill)$380.8M8 Dec 31, 2017$556.6M8 Dec 31, 2016−31.6%
Accumulated amortization$203.7M8 Dec 31, 2017$222.1M8 Dec 31, 2016−8.3%
Finite-lived intangibles, net$243.2M8 Dec 31, 2017

The story

Founded by George Karfunkel and Michael Karfunkel in 1998.1

AmTrust Financial Services was founded by brothers George Karfunkel and Michael Karfunkel in 1998.

In 2005, Ronald E. (Ron) Pipoly was appointed as CFO.

AmTrust began trading on the NASDAQ Global Select Market on November 13, 2006.

In 2016, Barry Zyskind, Michael Karfunkel's son-in-law, was appointed as chairman in addition to existing roles as chief executive officer, president and chairman of the Amtrust executive committee. Zyskind was listed by Forbes as the best performing CEO in the insurance industry in December 2014.

In 2017, Adam Karkowsky was appointed as CFO.

In November 2018, AmTrust completed a go-private transaction, merging with Evergreen Parent, L.P., an entity formed with private equity funds managed by Stone Point Capital LLC, together with the Karfunkel-Zyskind family.

In January 2019, AmTrust voluntarily delisted and deregistered all series of preferred stock and subordinated notes. Adam Karkowsky became president of AmTrust in December 2019.

In January 2019, AmTrust Financial Services, Inc. entered into a quota share agreement with Swiss Reinsurance America Corp (“Swiss Re”) for 2019 covering U.S. small commercial business totaling approximately $2.9 billion in projected written premiums, with Swiss Re projected to assume approximately $1.05 billion on an inforce, new and renewal basis.

Read the full text

On June 17, 2020, the U.S. Securities and Exchange Commission filed a complaint against AmTrust Financial Services, Inc. and its former CFO, Ron Pipoly, which alleged that the company’s disclosures through the end of 2015 of its actuarial process for estimating loss reserves failed to disclose the company’s process for reporting its management’s best estimate of loss reserves. Without admitting or denying the allegations, the company agreed to accept a $10.3 million civil penalty and Pipoly agreed to a civil penalty, disgorgement payment and interest in the total amount of $237,499 in full settlement of the claims.

From Wikipedia’s article on AmTrust Financial Services, shared under CC BY-SA 4.0.7

Leadership

Who has led AmTrust Financial Services, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Barry Zyskind2006–2016
  2. Max G. Caviet2016–2018

Chair

  1. Barry Zyskind2016–now

President

  1. Barry Zyskind2006–2010
  2. Max G. Caviet2010–2016

Chief financial officer

  1. Ronald E. Pipoly Jr.2006–2017
  2. Adam Karkowsky2018

Chief operating officer

  1. Michael J. Saxon2006–2016
  2. Christopher Longo2017–2018
200020052010201520202025
Board members and other officers (23)

Products and brands

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 U.S. subsidiaries:

The company's foreign insurance subsidiaries include:

AmTrust Assicurazoni S.p.A.

AmTrust International Insurance Ltd. (AII)

Read the full text

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

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.

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.

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.

From Wikipedia’s article on AmTrust Financial Services, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Owners

  • Stone Point Capital

Subsidiaries

  • AmTrust Specialty Limited

From Wikidata.1

Timeline

  1. Sep 13, 2016New chief executive Max G. Caviet becomes CEO9
  2. Nov 16, 2006New chief executive Barry Zyskind becomes CEO1
  3. 1998Founded Founded1

Filings

24 filings to the SEC since October 2021: 24 other. The latest 20:

  1. Jul 29, 202613F-HR EDGAR
  2. Jul 17, 2026N-PX EDGAR
  3. May 15, 202613F-HR EDGAR
  4. Jan 22, 202613F-HR EDGAR
  5. Oct 24, 202513F-HR EDGAR
  6. Aug 12, 2025N-PX EDGAR
  7. Aug 12, 202513F-HR EDGAR
  8. May 12, 202513F-HR EDGAR
  9. Jan 29, 202513F-HR EDGAR
  10. Nov 4, 202413F-HR EDGAR
  11. Aug 27, 2024N-PX EDGAR
  12. Aug 6, 202413F-HR EDGAR
  13. May 7, 202413F-HR EDGAR
  14. Jan 26, 202413F-HR EDGAR
  15. Nov 2, 202313F-HR EDGAR
  16. Jul 20, 202313F-HR EDGAR
  17. May 1, 202313F-HR EDGAR
  18. Feb 8, 202313F-HR EDGAR
  19. Nov 7, 202213F-HR EDGAR
  20. Aug 12, 202213F-HR EDGAR

The 24 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Stakes it holds

AmTrust Financial Services, Inc. has told the SEC it owns more than 5% of 2 companies, latest first (Schedules 13D and 13G).

SEC filer profile

How AmTrust Financial Services, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAmtrust Financial Services, Inc.2
  • CIK0001365555
  • Employer ID (EIN)04-31063892
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6331 Fire, Marine & Casualty Insurance2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address59 Maiden Lane, 43Rd Floor, New York, NY 100382
  • Phone(212) 220-71202
  • Shares outstanding197,701,263 as of Nov 1, 201842
  • Public float$1.7B as of Jun 30, 20178
  • On EDGAR sinceJun 12, 20062
  • Filings1,095 in all: 4 (494), 8-K (181), CORRESP (58), UPLOAD (42), 13F-HR (39), 10-Q (37), 3 (25), SC 13D/A (22)2
    All 62 form types

    DEFA14A (17), 10-K (12), 424B2 (12), DEF 14A (12), 8-A12B (11), 4/A (10), 424B5 (9), DFAN14A (9), CERTNYS (8), FWP (8), ARS (6), EFFECT (5), S-1/A (5), 424B3 (4), 8-K/A (4), SC 13E3/A (4), 10-K/A (3), 5 (3), N-PX (3), PRE 14A (3), S-3ASR (3), SC 13D (3), SC 13G (3), 10-Q/A (2), 15-12B (2), 3/A (2), NT 10-K (2), PRRN14A (2), S-4 (2), S-8 (2), S-8 POS (2), SC 13G/A (2), 13F-HR/A (1), 25 (1), 25-NSE (1), 425 (1), CERTNAS (1), CT ORDER (1), D (1), DEFC14A (1), DEFM14A (1), NT 10-Q (1), POS AM (1), PREC14A (1), PREM14A (1), PRER14A (1), S-1 (1), S-3 (1), S-3/A (1), S-4/A (1), SC 13E3 (1), SCHEDULE 13D (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 16, 2018
    Quarterly report (10-Q) Nov 9, 2018
    Proxy statement (DEF 14A) Apr 11, 2017
    Latest 8-K (8-K) Jan 30, 2019

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Wikidata and SEC EDGARBarry Zyskind, Chair
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