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AmTrust Financial Services, Inc. Announces the Passing of Founder and Chairman Michael Karfunkel

NEW YORK, April 27, 2016 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) ("AmTrust" or the "Company") today is deeply saddened to announce the passing of the Company’s founder and Chairman, Michael Karfunkel.

In 1998, Michael Karfunkel and his brother, AmTrust Director George Karfunkel, founded AmTrust. Within a few years of its founding, the Karfunkels appointed Michael Karfunkel’s son-in-law, Barry Zyskind, to the position of President and Chief Executive Officer. Michael Karfunkel served as AmTrust’s Chairman throughout AmTrust’s 16 year history, during which he provided invaluable advice and leadership that contributed significantly to the success of AmTrust. AmTrust will greatly miss Mr. Karfunkel’s trusted counsel and vision.

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. For more information about AmTrust, visit www.amtrustgroup.com.

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For more information, please contact: AmTrust Financial Services, Inc. Investor Relations Elizabeth Malone CFA beth.malone@amtrustgroup.com 646.458.7924

Source: AmTrust Financial Services, Inc.