Everything You Need to Know About AmTrust Financial Services Inc.
Key Milestones in Company Growth
Throughout its journey, AmTrust achieved significant Growth Milestones. By 2015, shareholders’ equity had surged from $307 million to an impressive $3.5 billion. During that same year, AmTrust was recognized as the 11th largest commercial lines writer in the U.S., a remarkable leap from its 128th position in 2005, according to A.M. Best. The company further acquired renewal rights of over $500 million and reached over 25 million warranty policies in force within the same period. Recognition on the Fortune 500 list and its standing as one of the largest private companies reflect its impact on the industry.
Recent Developments and Innovations
In the dynamic landscape of the insurance sector, AmTrust is continually evolving. Recent innovations include the launch of various coverage products and enhancements to its digital platforms, which aim to improve agent partnerships and overall customer experience. With projected written premiums of approximately $2.9 billion from its quota share agreement with Swiss Reinsurance America Corp in 2019, the company’s forward-thinking approach positions it as a leader committed to adapting to market demands.
Insurance Products Offered by AmTrust
AmTrust Financial Services Inc. provides a broad selection of insurance products tailored to the needs of small and mid-sized businesses. Their offerings include essential coverage for various operational risks, ensuring that companies are well protected against potential liabilities.
One of their standout products is workers’ compensation insurance, which is crucial for businesses aiming to comply with state regulations while safeguarding their employees. In addition to this, AmTrust excels in providing liability insurance solutions and specialty risk coverage, ensuring businesses have the necessary protection across multiple domains.