AmTrust Financial Services, Inc. Announces Formation of Special Committee to Review Proposal by Stone Point Capital, the CEO and the Karfunkel Family

PRESS RELEASE GlobeNewswire
Jan. 10, 2018, 08:30 AM

NEW YORK, Jan. 10, 2018 (GLOBE NEWSWIRE) — AmTrust Financial Services,Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”), announced that its board of directors appointed a special committee to consider the January 9, 2018, proposal from private equity funds managed by Stone Point Capital LLC, together with Barry D. Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel (collectively, the “Karfunkel-Zyskind Family”), to acquire all of the outstanding shares of common stock of AmTrust that the Karfunkel-Zyskind Family does not already own or control for $12.25 per share in cash.

The special committee is composed of the following AmTrust directors: Donald T. DeCarlo, Susan C. Fisch, Abraham Gulkowitz and Raul Rivera. Mr. DeCarlo will serve as the chair of the special committee. AmTrust will not move forward with any transaction unless it is approved by the special committee. Any transaction would be subject to a non-waivable condition requiring the approval of a majority of the shares of the Company not owned or controlled by the Karfunkel-Zyskind Family, senior management or their respective affiliates.

Willkie Farr & Gallagher LLP will serve as the independent legal advisor to the special committee to assist in its review of the proposed transaction.

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About Rada Kleyman

Ms. Rada Kleyman is a Risk Manager at Libertate Insurance. At Libertate Ms. Kleyman is inspired by the following mantra “prevention is better than cure”. She believes it is all about in avoiding and mitigating the effects which are essentially unavoidable. Her direct role and responsibility is to facilitate internal sales efforts as well as the servicing of existing PEO clients. Ms. Kleyman brings a full complement of sales and management skills with over 28 years of successful experience. Highly effective in competitive environments with exceptional time management, strong interpersonal, presentation and closing skills which she acquired selling exotic cars for Ferrari of North America and prior to that Capital Medical Radiology Equipment Sales overseas. She is a recognized top performer, leading stores and accounts to exceed expected growth. Ms. KIeyman is graduate of Northeastern University in Boston with a BS Degree in Criminology with a minor in African Art. She holds a General Lines (Prop & Cas) GL 2-20 license and 4-40 Customer Representative License. Libertate Insurance LLC Vigilant Insurance Representation 707 E. Washington Street, Orlando, FL 32801 844.571.0810 407.613.5475

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