AmTrust Names Execs, Launches AmTrust Forward to Position for Long-Term

NEW YORK– AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) has stepped up its strategy and plans with the launch of  AmTrust Forward and with the naming of several executives.

“Our vision for AmTrust is to be a leading specialty commercial P&C insurer. We believe we can achieve this by focusing on local markets and niche products where we can add significant value,” said Barry Zyskind, Chairman and CEO of AmTrust. “As a private company, we have the opportunity to return to the core of what made AmTrust so successful over the past 20 years and manage our business for long term success through sustainably profitable future growth.”

AmTrust Forward is an organization-wide program focused on leveraging the Company’s unique strengths to offer select commercial P&C products and services globally where it can differentiate its offering and bring added value.

Mr. Zyskind added, “As a private enterprise, we believe we are better positioned to take a long-term view of every opportunity. We will continue to ensure we are making the right decisions for the future of our business, our employees, and the agents, brokers, partners and clients we serve around the world. As always, we will be driven by our core values of Excellence, Innovation, Integrity, Responsibility, Inclusion and Teamwork. We are creating an exciting place to work with opportunities for career development and advancement, and participation in AmTrust’s future success and profitability. This is a new era for AmTrust, and we are positioning our company to thrive for the next 20 years and beyond.”

Executive Succession

AmTrust is also announcing the succession of certain executive leaders. Michael Saxon, EVP – U.S. Commercial Lines, and Max Caviet, CEO of AmTrust International Limited, the Company’s European parent holding company, each announced his intention to retire effective December 31, 2018. Mr. Saxon has been with the Company since 2001 and Mr. Caviet has been with the Company since 2003. Mr. Saxon will continue on a consultative basis, as Vice Chairman of AmTrust North America. Mr. Saxon and Mr. Caviet will assist in the transition to their respective successors, Christopher Foy and Peter Dewey.

In addition, Christopher Longo, the Company’s Chief Operating Officer, announced his intention to resign effective December 31, 2018, to pursue other opportunities, following the completion of the Company’s go-private transaction. Mr. Longo has been with the Company since 2001.

Mr. Zyskind said, “I would like to recognize and thank Mike, Max and Chris, who have been instrumental in building AmTrust over the past 20 years. I greatly appreciate the commitment and dedication they brought to our Company, throughout our many years of working together. I am very pleased to welcome Chris Foy (pictured left)and Peter Dewey to their new, expanded roles. Each is a talented leader, with sound decision-making skills, driven by integrity and a deep commitment to excellence and service. AmTrust has deep bench strength to draw upon as we embark on our journey as a private company to be one of the leading specialty commercial P&C players in the industry.”

Christopher Foy will serve as EVP, Head of North American Commercial P&C, with responsibility for leadership of AmTrust’s North American commercial business and specialty programs segments. Mr. Foy joined AmTrust in 2016 as President of AmTrust Underwriters, with responsibility for the specialty program business segment. Prior to joining AmTrust, Mr. Foy was President and owner of Total Program Management, a specialty MGA. Previously, he was Senior Vice President at Clarendon National Insurance Company specializing in MGAs and program business nationwide.

Peter Dewey (pictured left) will serve as EVP, Head of International, with oversight of AmTrust’s international business. Mr. Dewey joined AmTrust in 2003, and has served as CEO at AmTrust at Lloyd’s since 2014. Prior to joining AmTrust at Lloyd’s, Mr. Dewey was Chief Underwriting Officer of AmTrust’s Specialty Risk & Warranty Division overseeing a team of actuaries, underwriters and risk management professionals. Prior to AmTrust, Mr. Dewey was an Underwriter with Trenwick International Limited and prior to that, he worked for an MGA as an Underwriting Manager.

AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries rated “A-” (Excellent) by A.M. Best. AmTrust is included in the Fortune 500 list of largest companies.