AmTrust International, a global specialty insurer and subsidiary of AmTrust Financial Services, Inc., has strengthened its presence in the Australian market with the launch of its APRA licensed entity ‘AmTrust Specialty Limited’ in the country.
The insurer’s decision to establish a licensed presence in Australia is a key part of its long-term strategy, demonstrating a commitment to scaling its operations and effectively competing in the market.
AmTrust International has observed a steady demand for its Legal Expenses coverage, and this local licensing will support sustained business growth within the country.
“Our entry into the Australian market for Legal Expenses Insurance represents an important milestone for AmTrust,” said Bruce Whitmee, Chief Executive Officer, AmTrust Specialty Limited. “With a highly skilled underwriting team, and a clear demand from intermediaries, funders, and legal professionals, we are exceptionally well-positioned to grow. This expansion reflects our long‑term commitment to Australia and our ambition to build a sustainable presence that brings AmTrust’s global strength and expertise closer to our customers.”
AmTrust International offers After the Event (ATE) and Before the Event (BTE) insurance products, which support individuals and businesses who may otherwise be deterred from pursuing or defending legal action due to financial risk.
According to the announcement, distribution of this product suite will be through insurance intermediaries, litigation funders and solicitors.
“We are excited to continue building our legal expenses product offering,” said Simon Warr, Lead Underwriter, Legal Expenses at AmTrust International. “Australia’s mature legal landscape makes it a strong market for ATE and we see significant opportunity to further grow our presence in this line. The BTE market, while less developed and recently underserved, presents clear potential for partnership-based schemes.”
Chiara Stoehrmann, Underwriter, Legal Expenses at AmTrust International, said: “This underscores our commitment to the legal expenses market in Australia and to expanding access to justice. With significant capital now established in-country, in line with APRA requirements, we are well-positioned to support long-term, sustainable growth in this line.”
