Reinsurance News


AmTrust joins Vertafore’s Commercial Submissions platform

25th September 2020

AmTrust Financial has announced that it has joined Vertafore’s Commercial Submissions platform, a platform that has been designed to transform commercial insurance. Vertafore is undertaking a task to improve market connectivity across the insurance distribution channel. It recently announced the first release of its Commercial Submissions platform to its carrier and ... Read the full article

AmTrust Title Insurance expands energy team

14th September 2020

AmTrust Title Insurance has announced the expansion of its Energy Team within its National Commercial Division. The team's role includes facilitating title insurance transactions for renewable and conventional energy projects, including refineries, LNG facilities and wind and solar farms, along with various other energy related transactions. These transactions are for some of ... Read the full article

Insurtech Bold Penguin adds AmTrust to exchange platform

15th June 2020

Commercial insurtech provider Bold Penguin has announced it will integrate workers' compensation insurance coverage from AmTrust Financial on its exchange platform. "As the largest commercial insurance exchange, we're laser-focused on connecting agents and carriers in record time," said Ilya Bodner, Founder and CEO of Bold Penguin. "Our integration with AmTrust will strengthen ... Read the full article

AmTrust names Daniel Pacicco as CFO

23rd March 2020

AmTrust Financial Services, Inc. has announced the appointment of Daniel Pacicco as Executive Vice President and Chief Financial Officer, effective March 18th. He will succeed Adam Karkowsky, who was promoted to AmTrust President back in December 2019. Pacicco joins AmTrust from Assurant, where he has served as Senior Vice President, Chief ... Read the full article

AmTrust agrees transfer of Republic personal lines renewal rights to Safeco

6th March 2020

AmTrust Financial Services, Inc. and Safeco Insurance, a Liberty Mutual Insurance company, have entered into an agreement around the transfer of the renewal rights for AmTrust's Republic Personal Lines business in six states. AmTrust has announced that, pending regulatory approval, it has decided to exit personal lines products written through its ... Read the full article

AmTrust Title Insurance appoints Michael Bebon to EVP role

20th January 2020

AmTrust Title Insurance Company, the title insurance subsidiary of P&C re/insurer AmTrust Financial Services, has appointed Michael Bebon as Senior Executive Vice President of Direct Operations. He joins the company after 32 years as a sales executive with Lawyers Title / Commonwealth Land Title. During this career, Bebon has insured over $600 ... Read the full article

AmTrust International Specialty bolsters Claims unit

9th December 2019

AmTrust International has named Tom Maloney as Head of Claims for AmTrust International Specialty and Chief Claims Officer for AmTrust Europe Limited, based in London and reporting to Angel Mas, Specialty Business Unit Managing Director and Chief Executive Officer (CEO) of AmTrust Europe Limited. AmTrust International is the UK and International ... Read the full article

AmTrust CFO Karkowsky promoted to President

6th December 2019

Adam Karkowsky, Chief Financial Officer (CFO) of AmTrust Financial Services, Inc. has been promoted to President of the company, reporting to Barry Zyskind, Chairman and Chief Executive Officer (CEO) of AmTrust. In addition to his new responsibilities, Karkowsky, who joined AmTrust in 2011, will continue to serve as the firm's CFO ... Read the full article

Daniel Hargraves joins AmTrust as EVP, Head of Litigation

15th November 2019

Daniel Hargraves has been appointed Executive Vice President (EVP), Head of Litigation at AmTrust Financial Services, Inc., reporting to Chairman and Chief Executive Officer (CEO), Barry Zyskind and EVP, Chief Financial Officer (CFO), Adam Karkowsky. Hargraves brings extensive experience in insurance related litigation to the role, most recently serving as Managing ... Read the full article

AmTrust adds Steven Moore as PI lead underwriter amid reshuffle

29th October 2019

Property and casualty re/insurer AmTrust Financial Services has appointed Steven Moore lead underwriter of professional indemnity, as the firm moves to restructure the division. Moore will be based in London and report to Bruce Whitmee, Chief Underwriting Officer and Angel Mas, Chief Executive Officer at AmTrust Europe. He brings over 25 years’ ... Read the full article

Liberty Mutual completes takeover of select AmTrust European businesses

3rd October 2019

Liberty Mutual Insurance has announced that it has completed the acquisition of the business and operations of certain European businesses of AmTrust Financial Services, following the satisfaction of customary closing conditions. Under the transaction, Liberty Mutual Insurance has acquired the operations of Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain. Read the full article

Canopius wraps up Lloyd’s merger with AmTrust

3rd October 2019

Global specialty re/insurer Canopius Group has completed its previously-announced merger with AmTrust's Lloyd's operations. The merger between Canopius Lloyd’s Syndicate 4444 and AmTrust Syndicate 1861 was first announced back in April and will result in the establishment of a top-five Lloyd’s insurer with combined premiums of roughly £2.2 billion. It is believed ... Read the full article

AmTrust E&S launches Excess Casualty division in LA

24th September 2019

A subsidiary of AmTrust Financial Services, AmTrust E&S Insurance Services, has announced the launch of its Excess Casualty underwriting unit, based in Los Angeles (LA). The new division will expand the firm's product offerings of E&S and will write excess liability, both supported and unsupported in all 50 states, with limits ... Read the full article

Liberty Mutual completes takeover of AmTrust’s U.S. surety operations

3rd June 2019

Liberty Mutual Insurance has completed its previously announced acquisition of AmTrust Financial Services' U.S. surety operations, AmTrust Surety, following the completion of customary closing conditions. Liberty Mutual announced in April of this year that it's acquiring the global surety and credit reinsurance operations of AmTrust Financial Services, which is comprised ... Read the full article

Canopius and AmTrust to merge Lloyd’s operations

18th April 2019

Canopius AG has announced the signing of a definitive sale and purchase agreement that will see its Lloyd's of London business merge with that of AmTrust at Lloyd's, subject to regulatory approval. The sale of AmTrust at Lloyd's, a division of AmTrust Financial, is expected to close in the third-quarter of ... Read the full article

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