Reinsurance News
AmTrust
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
Liberty Mutual acquires AmTrust’s global surety and credit reinsurance operations
15th April 2019
Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc., subject to regulatory approvals and customary closing conditions. The definitive agreement between the two firms sees Liberty Mutual Insurance acquire four AmTrust businesses: AmTrust Surety; AmTrust Insurance Span; Nationale Borg; and Nationale Borg ... Read the full article
Enstar & Maiden agree to new ADC reinsurance deal for AmTrust business
4th March 2019
Enstar Group Limited and Maiden Holdings have entered into a new adverse development cover (ADC) reinsurance agreement that will replace the previous loss portfolio transfer (LPT) deal relating to Maiden Re’s quota share of AmTrust Financial Services. The arrangement will see an Enstar subsidiary cover Maiden Re’s quota share reinsurance contracts ... Read the full article
Enstar completes four reinsurance-to-close deals with AmTrust Syndicates
15th February 2019
Enstar Group Limited has announced that its Lloyd's of London managing agency, Syndicate 2008, has completed four reinsurance-to-close transactions for the 2016 and prior years of accounts of Syndicates 1206, 1861, 2526, and 5820, which are managed by AmTrust Syndicates Limited. According to an announcement, these transactions were completed on February ... Read the full article
AmTrust Title Insurance promotes Felice Shapiro to General Counsel role
14th February 2019
AmTrust Title Insurance Company, the title insurance subsidiary of P&C re/insurer AmTrust Financial Services, has announced the promotion of Felice K. Shapiro to the role of General Counsel for AmTrust Title and First Nationwide Title. In her new role, Shapiro will be responsible for all underwriting decisions for both AmTrust Title ... Read the full article
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