AFSI Amtrust Financial Services, Inc. (delisted)

AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced the completion of the purchase of the renewal rights of BancInsure, Inc.'s in-force insurance policies. "Our transaction with BancInsure will provide an opportunity to expand our product line and geographic footprint. BancInsure has a great history as the provider of a variety of insurance products to the community banking industry. We expect this acquisition of BancInsure's book of business will add positively to AmTrust's results," said Barry Zyskind, Chief Executive Officer of AmTrust. 

"We are excited about the opportunity to work with AmTrust and we look forward to building upon BancInsure's historic success. The BancInsure team is working aggressively to assure a smooth transition for our customers and agents." said Cara Byrne, President and Chief Executive Officer of BancInsure, Inc.   

BancInsure, headquartered in Oklahoma City, is an insurance provider specializing in offering a variety of coverages for the nations' community banks. In 2011, BancInsure produced gross written premiums of approximately $64.5 million.

About AmTrust Financial Services, Inc.

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

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. There can be no assurance that actual developments will be those anticipated by the Company. Actual results may differ materially from those expressed or implied in these statements as a result of significant risks and uncertainties, including, but not limited to, non-receipt of expected payments from insureds or reinsurers, changes in interest rates, a downgrade in the financial strength ratings of our insurance subsidiaries, the effect of the performance of financial markets on our investment portfolio, our estimates of the fair value of our life settlement contracts, development of claims and the effect on loss reserves, accuracy in projecting loss reserves, the cost and availability of reinsurance coverage, the effects of emerging claim and coverage issues, changes in the demand for our products, successful integration of acquired businesses, the effect of general economic conditions, adverse state and federal legislation, regulations and regulatory investigations into industry practices, risks associated with conducting business outside the United States, developments relating to existing agreements, disruptions to our business relationships with Maiden Holdings, Ltd., American Capital Acquisition Corporation, or third party agencies and warranty administrators, difficulties with technology, heightened competition, changes in pricing environments, and changes in asset valuations. The forward-looking statements contained in this news release are made only as of the date of this release. 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.

AFSI-F

CONTACT: AmTrust Financial Services, Inc.
         
         Investor Relations
         Elizabeth Malone CFA
         646.458.7924
         beth.malone@amtrustgroup.com
         
         Hilly Gross
         646.458.7923
         hilly.gross@amtrustgroup.com