Congratulations to Amtrust!

We are excited to report that Mr. Zyskind and company have successfully executed their effort to privatize Amtrust.  We appreciate their ongoing support of the PEO industry and wish them the very best of luck in this new chapter of their history….

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AmTrust completes transaction to become a private company  

Dear Agent Partner,

We are pleased to announce the completion today of AmTrust Financial’s go private transaction as anticipated following all necessary regulatory approvals. The transaction, approved by a majority of AmTrust’s shareholders in June 2018, values the fully diluted equity of the Company at approximately $2.95 billion, excluding the Company’s outstanding preferred stock.*

Thanks to the initiatives we undertook over the last two years, AmTrust has established the strongest capital base in our 20-year history, with total assets of $25.76 billion and $3.6 billion in equity. Our A.M. Best “A-” (Excellent) rating with a Stable outlook and strong capital base have AmTrust well positioned to provide you and your policyholders support now, and in the future. AmTrust as a private company will continue to focus on the principles that have guided our growth over the past 20 years – servicing and supporting our agent partners and providing optimal value to our insureds.

AmTrust is here to service your clients and help you grow your business for the long term.  

We greatly value your partnership and we look forward to continuing to provide outstanding service to you and your clients moving forward as a private company.

Sincerely,
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Barry D. Zyskind
Chairman, President and CEO
AmTrust Financial Services, Inc.


*The merger transaction involved Evergreen Parent, L.P., an entity formed by private equity funds managed by Stone Point Capital LLC (“Stone Point”), together with Barry Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel (collectively, the “Karfunkel-Zyskind Family”), has acquired the approximately 45% of the Company’s issued and outstanding common shares that the Karfunkel-Zyskind Family and certain of its affiliates and related parties did not already own or control.

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