OREANDA-NEWS. AmTrust Financial Services, Inc. today announced that it has acquired Total Program Management LLC (“TPM”) for cash.  TPM is a managing general agency focused on programs that offer workers’ compensation insurance to the health care industry.  In 2015, TPM was responsible for insurance premium totaling $47.1 million. 

Barry Zyskind, Chairman, President and Chief Executive Officer of AmTrust stated, “The acquisition of TPM represents AmTrust’s continuing strategy to vertically integrate product distribution and expand the Company’s valuable fee based businesses.”

TPM was founded as a managing general agency in 2005 and operates primarily in New York.  AmTrust has been the insurer for the majority of premiums written through TPM. 

About AmTrust Financial Services, Inc.

AmTrust Financial Services, Inc., a multinational insurance holding company headquartered in New York City, 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.

Forward-Looking Statements

This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. The Company undertakes no obligation to publicly update any forward-looking statements except as may be required by law. Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected, is contained in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its quarterly reports on Form 10-Q.