AmTrust Financial Services
AmTrust Financial Services
AmTrust Financial Services is a multinational property and casualty insurance company headquartered in New York City. The company provides a wide range of insurance products and services, including workers' compensation, commercial auto, general liability, and extended service and warranty coverage.
History
AmTrust Financial Services was founded in 1998 by Barry Zyskind, George Karfunkel, and Michael Karfunkel. The company initially focused on providing workers' compensation insurance to small businesses in the United States. Over the years, AmTrust expanded its product offerings and geographic reach through a series of strategic acquisitions and organic growth.
Products and Services
AmTrust offers a variety of insurance products tailored to meet the needs of small and medium-sized businesses. These include:
- Workers' Compensation Insurance: Coverage for employees who are injured or become ill as a result of their job.
- Commercial Auto Insurance: Protection for businesses that use vehicles as part of their operations.
- General Liability Insurance: Coverage for businesses against claims of bodily injury, property damage, and personal injury.
- Extended Service and Warranty Coverage: Insurance products that extend the warranty period of consumer goods.
Global Presence
AmTrust has a significant international presence, with operations in North America, Europe, and Asia. The company has established itself as a leading provider of specialty insurance products in several key markets.
Corporate Structure
AmTrust Financial Services operates through a network of subsidiaries and affiliates. The company's corporate structure allows it to efficiently manage its diverse portfolio of insurance products and services.
Recent Developments
In recent years, AmTrust has focused on enhancing its digital capabilities and expanding its product offerings to meet the evolving needs of its customers. The company has invested in technology to streamline its operations and improve customer service.
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Contributors: Prab R. Tumpati, MD
