Tag Archives: AmTrust

Enduring Changes in the Post-Pandemic Warranty Industry

Key observations from an AmTrust roundtable discussion with service contract industry leaders Aleem Lakhani, Michael Frosch, Kenneth Mac, and Sreevathsa Prabhakar.

Full Article: www.warrantyweek.com/archive/ww20210603.html

AmTrust Signs Agreement with PCMI to Automate and Enhance Reinsurance

New System Will Provide Additional Information and Analytics Driving Enhanced Risk Management and Increased Transparency.

NEW YORK, January 23, 2019 – AmTrust Financial Services, Inc.(“AmTrust” or the “Company”) today announced the Company has signed an agreement with PCMI Corporation (Policy Claim Management International), the leading provider of integrated software solutions for the administration of F&I Products, Service Contracts, and Extended Warranties. Through the agreement, AmTrust will implement PCMI’s Policy Claim and Reporting Solutions™ (PCRS) – Reinsurance Module, which will provide AmTrust clients with an easy to use, robust reporting solution for their reinsurance businesses.

Full Release: http://www.pcmicorp.com/2019/01/amtrust-signs-agreement-with-pcmi-to-automate-and-enhance-reinsurance/

Microsoft Renews Extended Protection Services Agreement with AmTrust

AmTrust Financial Services, Inc. announced today at the CES Show in Las Vegas that it has extended its partnership providing protection plans to Microsoft customers for an additional four years.  The parties have had a contractual relationship since 2009. 

Release: https://globenewswire.com/news-release/2019/01/07/1681256/0/en/Microsoft-Renews-Extended-Protection-Services-Agreement-with-AmTrust.html

A.M. Best Downgrades AmTrust As Insurer Prepares to Go Private

A.M. Best has downgraded its financial strength and credit ratings for insurer members of the AmTrust Group, not long after AmTrust Financial Services Inc. (AFSI) shareholders approved a $2.95 billion deal that will make it a private entity.

Full Article:  https://www.insurancejournal.com/news/national/2018/07/05/494220.htm

Stone Point Capital Partners with CEO of AmTrust Financial and Karfunkel Family to Jointly Propose Acquiring All Shares of AmTrust Financial Common Stock Not Controlled by Family for $12.25 Per Share in Cash

Full Release:  https://www.businesswire.com/news/home/20180109006745/en/Stone-Point-Capital-Partners-CEO-AmTrust-Financial

AmTrust Launches TapSafe™ Smart Connected Warranty App

TapSafe™ Smart Connected Warranty App Launches at CES to Identify and Protect All of Your Connected Devices

Full Press Release:  https://globenewswire.com/news-release/2018/01/09/1286058/0/en/TapSafe-Smart-Connected-Warranty-App-Launches-at-CES-to-Identify-and-Protect-All-of-Your-Connected-Devices.html

Heritage Indemnity Retains ‘A’ Rating, A.M. Best Reports

Heritage Indemnity Company has retained its financial strength rating and issuer credit rating of “A” (Excellent) following the recent announcement of its agreement with AmTrust Financial Services, according to A.M Best.

Full Article:  http://www.fi-magazine.com/news/story/2015/05/heritage-indemnity-retains-a-rating-a-m-best-reports.aspx

Hertz Equipment Rental Corporation Launches Equipment Assurance Warranty Program in the US

Hertz Equipment Rental Corporation, a subsidiary of The Hertz Corporation has launched an equipment extended service plan program, in the US. in partnership with Warrantech, a subsidiary of AmTrust Financial Services, Inc.

Full Release:  http://www.prnewswire.com/news-releases/hertz-equipment-rental-corporation-launches-equipment-assurance-warranty-program-in-the-us-300062733.html

BlackBerry Care Protection Plan Gives Mobile Professionals Peace of Mind

New extended hardware service plan provides BlackBerry customers with up to two years of accidental damage protection and an extra year of mechanical and electrical breakdown coverage.  The BlackBerry Care Protection Plan is provided and administered by Warrantech Corporation, an AmTrust Financial Company.

Full Press Release:  http://press.blackberry.com/press/2015/blackberry-care-protection-plan-gives-mobile-professionals-peace.html

For more information on the BlackBerry Care Protection Plan, go to www.BlackBerry.com/Care.