By
NEW YORK, Jan. 4, 2012 (GLOBE NEWSWIRE) -- AmTrust Financial
Services, Inc. (Nasdaq:AFSI) today announced the completion
of the purchase of California based Builders &
Tradesmen's Insurance Services, Inc. (BTIS). "We
are excited about the acquisition of BTIS. BTIS is a great
company that has been in business for over ten years
providing specialty insurance products to our target market
of small business customers. We expect BTIS to add in excess
of $70 million in premiums over the next year," said
Barry Zyskind, Chief Executive Officer of AmTrust.
"We look forward to building our operation with the
benefit of AmTrust's financial and organizational
support and are enthusiastic about contributing to
AmTrust's success," said Norbert Hohlbein, Chief
Executive Officer of BTIS.
BTIS is headquartered in Rocklin, California. The company is
an insurance wholesaler and general agent specializing in the
procurement and brokering of insurance policies and bonds for
small artisan contractors. The company writes business in 12
western states.
AmTrust Financial Services, Inc., headquartered in New York
City, is a multinational insurance holding company, which,
through its insurance carriers, offers specialty property and
casualty insurance products, including workers'
compensation, commercial automobile and general liability;
extended service and warranty coverage. For more information
about AmTrust, visit www.amtrustgroup.com, or
call AmTrust toll-free at 866.203.3037.
The AmTrust Financial Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3280
AFSI-F
CONTACT: AmTrust Financial Services, Inc.
Investor Relations
Elizabeth Malone CFA
646.458.7924 beth.malone@amtrustgroup.com
Hilly Gross
646.220.7023 hilly.gross@amtrustgroup.com
| distribué par | Ce noodl a été diffusé par AmTrust Financial Services Inc. et initialement mise en ligne sur le site http://www.amtrustgroup.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-04 21:21:45 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| AmTrust Financial Services, Inc. Announces Purchase of BTIS Inc. |
