Dear Agent Partner,
AmTrust Financial Services, Inc. today filed its Form 10-K for the year ended December 31, 2016, including restated financial statements and related disclosures for 2014 and 2015. The company is now current on all of its NASDAQ Stock Market and NYSE listing requirements.
“Having completed the restatements of AmTrust’s financials for the annual reporting periods, we are moving forward with our efforts to build AmTrust’s value for all our stakeholders,” said Barry Zyskind, Chairman and Chief Executive Officer, AmTrust. “We are well-positioned in the markets we serve to continue to realize AmTrust’s potential. Our operations are financially sound and appropriately reserved. We are committed to delivering outstanding service and innovative products to our network of agents, brokers, partners and customers.”
“With AmTrust’s successful strategic expansion into new markets and products over the past decade, we now have the ability to capitalize on our existing operations to achieve organic growth both domestically and internationally,” Mr. Zyskind continued. “We see meaningful opportunities in our small commercial business segment, as well as in specialty risk and extended warranty. Our internally developed systems – from underwriting submission and claims processing technology to data analytics – will enable us to grow with discipline and precision.”
Recently, A.M. Best increased the Financial Size Category (FSC) of AmTrust from “XIV” to “XV,” which designates a surplus of $2 billion or greater. This is the highest FSC ranking offered by A.M. Best. Additionally, A.M. Best affirmed the “A” rating on AmTrust and its subsidiaries, and also affirmed the Financial Strength Rating (FSR) of “A” (Excellent).
Here are some other reasons why you can depend upon the financial strength and security of AmTrust:
- AmTrust is the 3rd-largest workers’ compensation carrier in the U.S., according to workers’ compensation market share reports conducted by both Aon Benfield and SNL Financial in 2016
- Publicly traded on the NASDAQ Global Market under AFSI since 2006
- Ranked among Fortune magazine’s Top 100 Fastest-Growing Companies
If you have any questions or want additional information please reach out to your Mover’s Choice Underwriter.