# AmTrust Financial Services, Inc.

> AmTrust Financial Services is a privately held, New York-based specialty property and casualty insurer that pairs small-business coverage with program insurance and global warranty administration. Founded in 1998 around workers' compensation for smaller employers, it now serves agents, brokers, businesses, manufacturers, retailers and warranty administrators with an $8.8 billion gross-written-premium portfolio reported for 2024, plus digital quoting, claims and risk-control infrastructure.

- **Founded:** 1998
- **Headquarters:** New York City, United States
- **Founders:** George Karfunkel (Co-founder), Michael Karfunkel (Co-founder and former Chairman)
- **Team size:** Approximately 6,500 employees; LinkedIn lists a 5,001-10,000 employee band.
- **Products:** Small Commercial Insurance, Specialty Programs, Warranty & Specialty Risk, Excess & Surplus, Claims and Risk Control
- **Notable:** Grew gross written premium from about $10 million in 1998 to $8.8 billion in 2024., Reported a 96.7% combined ratio for 2024, indicating an underwriting profit before investment results., Recognized by Celent as a Model Insurer for Customer Experience in 2025 and again in 2026.

## Products & services

- **Small Commercial Insurance** — Workers' compensation, businessowners policies, commercial packages, general liability, property, cyber, EPLI and related coverage for small and midsize businesses.
- **Specialty Programs** — Delegated-authority and program insurance for MGAs and specialist administrators serving defined industries and risk classes.
- **Warranty & Specialty Risk** — Underwriting and administration for automotive, consumer electronics, home and utility, travel, renters, event and other protection programs.
- **Excess & Surplus** — Non-admitted casualty and package coverage for hard-to-place commercial exposures through selected wholesale brokers.
- **Claims and Risk Control** — Claims handling, loss-control consultation, safety resources, premium audit and payment services supporting insured businesses and distribution partners.
- **AmTrustONE and AmTrust Genius** — Digital agent workflows that streamline quoting and binding for BOP, workers' compensation and cyber coverage.

## Achievements

- Grew gross written premium from about $10 million in 1998 to $8.8 billion in 2024.
- Reported a 96.7% combined ratio for 2024, indicating an underwriting profit before investment results.
- Recognized by Celent as a Model Insurer for Customer Experience in 2025 and again in 2026.
- AmTrust Programs was named Program Insurer of the Year at The Insurer's Program Manager Awards in 2025.
- Maintains an A- (Excellent) financial-strength rating for the AmTrust Group from AM Best, with the rating unchanged at the April 2026 review.
- Built a global footprint that the company reports spans 34 countries and 13 time zones.
- Ranked by the company as the third-largest U.S. workers' compensation carrier based on NAIC data.

## Latest updates

- **2026-08** — AmTrust expanded its Genius agent workflow so BOP and workers' compensation can be quoted together in one process.
- **2026-06** — Celent named AmTrust a Model Insurer for Customer Experience for its digital and generative-AI claims transformation, the company's second consecutive recognition.
- **2025-07** — AmTrust Programs won Program Insurer of the Year as the delegated-authority unit marked its 20th anniversary.
- **2025-06** — AmTrust published its 2025 corporate brochure, reporting $8.8 billion of 2024 gross written premium and a 96.7% combined ratio.
- **2025-01** — Worldwide Cancer Research became AmTrust's global charitable partner.

## Links

- Website: https://amtrustfinancial.com
- LinkedIn: https://www.linkedin.com/company/amtrust-financial-services-inc
- Twitter/X: https://twitter.com/AmTrustInsured
- YouTube: https://www.youtube.com/c/AmTrustInsurance
- Instagram: https://www.instagram.com/amtrustinsurance/
- Facebook: https://www.facebook.com/amtrustinsurance/

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Profile page: https://yespress.io/amtrust-financial-services-inc
Published by YesPress — https://yespress.io
Last updated: 2026-08-13