AmTrust Financial Services, Inc. Appoints J. Daniel Hickey Group Chief Underwriting Officer
June 11 2018 - 9:52AM
AmTrust Financial Services, Inc. (Nasdaq:AFSI)
(the “Company” or “AmTrust”) today announced that
J. Daniel Hickey has taken on the role of Group Chief Underwriting
Officer.
Mr. Hickey joined AmTrust in July 2017 as
Executive Vice President, Business Strategy and Business
Development. Over the past year, Mr. Hickey has overseen the
Company’s business strategy planning function, and been responsible
for AmTrust’s business development, identifying and managing key
partner relationships, as well as organic business opportunities
available to AmTrust throughout its global business platform.
In his new role, Dan will oversee the Company’s
global underwriting activities, ensuring a consistent and
disciplined underwriting approach that is aligned with the
Company’s strategic objectives.
Prior to joining AmTrust, Mr. Hickey served at
PartnerRe, a global reinsurer, as Executive Vice President and Head
of the Standard Lines business unit where he had executive
leadership, strategic planning and underwriting responsibilities
for the unit. Prior to PartnerRe, Mr. Hickey was at General
Reinsurance Corporation, a provider of reinsurance solutions to the
Life/Health and Property/Casualty insurance industries, most
recently in the role of President - North America Treaty
Reinsurance.
Mr. Hickey is based at AmTrust’s New York City
headquarters and reports directly to Barry Zyskind, Chairman and
Chief Executive Officer of AmTrust.
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.
AmTrust is included in the Fortune 500 list of largest companies.
For more information about AmTrust visit
www.amtrustfinancial.com.
Forward-Looking Statements
This news release contains certain
forward-looking statements that are intended to be covered by the
safe harbors created by the Private Securities Litigation Reform
Act of 1995. When we use words such as "anticipate," "intend,"
"plan," "believe," "estimate," "expect," or similar expressions, we
do so to identify forward-looking statements. Examples of
forward-looking statements include the plans and objectives of
management for future operations, including those relating to
future growth of our business activities and availability of funds,
and estimates of the impact of material weaknesses in our internal
control over financial reporting, and are based on current
expectations that involve assumptions that are difficult or
impossible to predict accurately and many of which are beyond our
control. 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, the occurrence of any
event, change or other circumstances that could give rise to the
termination of the merger agreement, including as a result of any
downgrade in the A.M. Best Financial Strength Rating of the
Company’s insurance subsidiaries below “A”, which risk may be
heightened due to the fact that such ratings are currently “under
review with negative implications” and that the Company has
previously disclosed material weaknesses in its internal controls
over financial reporting, the inability to obtain the requisite
stockholder approval for the proposed merger or the failure to
satisfy other conditions to completion of the proposed merger,
risks that the proposed transaction disrupts current plans and
operations, the ability to recognize the benefits of the merger,
the amount of the costs, fees, expenses and charges related to the
merger, non-receipt of expected payments from insureds or
reinsurers, changes in interest rates, changes in tax laws, the
effect of the performance of financial markets on our investment
portfolio, the amounts, timing and prices of any share repurchases
made by us under our share repurchase program, 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, our degree of success in integrating
acquired businesses, the effect of general economic conditions,
state and federal legislation, regulations and regulatory
investigations into industry practices, our ability to timely and
effectively remediate the material weakness in our internal control
over financial reporting and implement effective internal control
over financial reporting and disclosure controls and procedures in
the future, access to public markets to raise debt or equity
capital, risks associated with conducting business outside the
United States, the impact of Brexit, developments relating to
existing agreements, disruptions to our business relationships with
Maiden Holdings, Ltd. or National General Holdings Corp., breaches
in data security or other disruptions with our technology, any
inability to keep pace with technological advances, heightened
competition, changes in pricing environments, changes in asset
valuations and the results of legal proceedings, including
litigation relating to the proposed merger. 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 our filings with the SEC, including our Annual Report
on Form 10-K and our quarterly reports on Form 10-Q. The
projections and statements in this news release speak only as of
the date of this news release and we undertake no obligation to
update or revise any forward-looking statement, whether as a result
of new information, future developments or otherwise, except as may
be required by law.
For more information, please
contact:
AmTrust Financial Services,
Inc.Chaya CooperbergChief Communications Officer & SVP
Corporate Affairschaya.cooperberg@amtrustgroup.com646.458.3332
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