June 8, 2021
Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. “Ever since I was five years old, I’ve dreamed of traveling …
February 19, 2021
A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on Friday. Pine Technology Acquisition Corp. said it plans to sell 30 …
January 28, 2021
Specialty insurer AmTrust Financial Services reported that Jeffrey Batt and Michelle Ingrassia have joined its cyber insurance team headed by Aaron Basilius, senior vice president, Cyber. Batt joins AmTrust from M&T Bank where he was the Cyber Insurance practice leader. …
June 18, 2020
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material facts about how the company estimated its insurance losses and reserves for …
February 4, 2020
South & Western General Agency Inc., with offices in Addison, Texas, and Memphis, Tennessee, has reached an agreement with AmTrust to underwrite and service AmTrust’s Farm and Ranch business in Oklahoma and Texas. The effective date for the transition of …
December 6, 2019
AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer. The company said Karkowsky will continue to also serve in the role of chief financial officer of …
October 3, 2019
Canopius Group announced it has completed its acquisition of AmTrust at Lloyd’s. The merger provides Canopius with significant additional underwriting expertise and a broader product offering, creating a leading Lloyd’s insurer of increased scale and enhanced relevance to its clients …
April 18, 2019
Canopius AG announced it has signed a definitive sale and purchase agreement to purchase AmTrust at Lloyd’s, a division of AmTrust Financial, subject to regulatory approval. Upon completion, which is expected in Q3 2019, the deal will result in the …
April 15, 2019
Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust Financial Services. Terms of the deal were not disclosed. Upon closing, Liberty Mutual will acquire four AmTrust businesses: AmTrust Surety, …
February 19, 2019
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. The complaint alleges that Maiden didn’t disclose material information, and the …