AmTrust Financial Services Reports Growth Surge in 2014

AmTrends_Feb_2015
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AmTrust Financial Services Reports Growth
Surge in 2014
YTD 2014 Highlights
• Gross written premium of $6.09
billion, up 47.9%, and net earned
premium of $3.53 billion, up
55.6% over 2013
Contents
• Operating diluted EPS (1) of $5.75
($0.08 attributable to gain on life
settlements) compared to $3.56
($0.03 attributable to gain on life
settlements) in 2013
• Operating return on common
equity (1) of 29.9% and return on
common equity of 28.4%
• Service and fee income of $409.7
million, up 23.6% from 2013
• Operating earnings (1) of $458.4
million compared to $278.2 million
in 2013
• Net income attributable to
common stockholders of $434.3
million compared to $278.2 million
in 2013
• Diluted EPS of $5.45 compared
with $3.56 in 2013
• Combined ratio of 90.7%
compared to 90.5% in 2013
• Book value per common share of
$22.34, up from $17.74 at
December 31, 2013
• AmTrust's stockholders' equity
was $2.04 billion as of December
31, 2014
Highlights from 2014 reflect
Monumental Growth and a Bright
Outlook for 2015
• AmTrust has earned an “A”
(Excellent) rating for financial
strength by A.M. Best, and
February 2015
• AmTrust Financial
Services Reports
Growth Surge in
2014
• AmTrust ranks 6th nationwide in
SNL Financial’s July 2014
Workers’ Comp Market Share
Report
• AmTrust earned an “A” in LongTerm Issuer Credit Rating
• AmTrust is named Best-Managed
Insurance Company in U.S. by
Forbes magazine
• Innovative technology: AmTrust
Online is simple, efficient,
accurate and available 24-7
• AmTrust continues to experience
unprecedented growth across all
lines of business
• Named one of the top 10 fastestgrowing insurers due to yearover-year growth by Zack’s
Investment Research
To learn more about how AmTrust
can assist you in growing your book
of business, please visit
www.amtrustnorthamerica.com or
contact your regional sales manager.
For the complete press release,
http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM]
• AmTrust Now Offers
Civil Money Penalties
Coverage to
Community Banks
• Forbes magazine
names AmTrust
Best-Managed Ins.
Co. in U.S.
• AmTrust EPLI
product: Low-Cost &
Absolutely Vital
• AmTrust Workers'
Comp is One of the
Best
• Holiday Office
Closures
• AmTrust Welcomes
New Sales and UW
Professionals
• Upcoming
Tradeshows
Facebook
AmTrends_Feb_2015
recently rose to the rank of
financial size category (FSC)
“XII”, which represents $1 – $1.25
billion in surplus
click here.
Twitter
You Tube
Linkedin
AmTrust Now Offers Civil Money Penalties
Coverage to Community Banks
AmTrust’s Financial Institution Division is happy to announce our newest
Professional Liability insurance
product: Civil Money Penalties (CMP)
Personal Protection Policy.
AmTrust developed this unique
product to address the coverage gap
resulting from the FDIC mandate that
coverage could no longer be endorsed
to financial institutions' Directors &
Officers (D&O) Policy. The CMP
Personal Protection Policy is a
separate, stand-alone insurance policy
that is purchased directly by the D&Os
of community banks. The bank does
not pay for, nor is it an insured party,
under this contract.
AmTrust's CMP policy insures the
“Institution-affiliated Party” (designated
individual) against CMPs leveled
against them by a federal banking
regulatory agency.
Quick CMP Coverage Facts
• Our CMP is a "primary" policy,
written on an E&S (Excess and
Surplus) basis
• The bank must meet AmTrust's
Underwriting Guidelines in order for
the D&Os to qualify
• Coverage is available on an annual
basis
• In determining the insurability of
CMPs, the law of the jurisdiction
most favorable to the insurability of
such penalties or fines applies
Blog
Applying for CMP Coverage is
Simple and Quick!
Just complete our short-form
application and return it to
[email protected] .
Your underwriter will confirm eligibility
and coverage can be bound
immediately. To learn more about
AmTrust’s new CMP product, please
visit our website or view our CMP
Coverage Summary.
Please note: The CMP Personal
Protection Policy is a non-admitted
product written on an E&S basis. If you
need an E&S broker referral or have
additional questions, please contact:
Matt Craven at
[email protected] or
216.643.5884; or, Bob Splawn at
[email protected] or
216.525.5199.
Forbes magazine names AmTrust
Best-Managed Insurance Company in U.S.
AmTrust Financial Services is proud to announce that we have been selected
as the Best-Managed Company in the
insurance industry by Forbes
magazine. The article was published in
the December 29, 2014 issue of
Google+
Great News!
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AmTrends_Feb_2015
Forbes magazine.
Forbes screened 1,190 U.S.-listed
companies across 27 industry
categories and selected the “BestManaged Company” in each category.
AmTrust ranked number one in the
insurance industry category.
Forbes Staff Writer, Liyan Chen,
summed it up this way: “Here you see
the best of the best, by our criteria.”
The following metrics were used to
calculate the rankings:
Click the following link to view an
excerpt of the article: Forbes article
• Minimum of $1 billion in sales
• Sales growth
• Return on total capital
• Debt to total capital
• Earnings outlook
• Stock market returns
AmTrust EPLI product: Low-Cost and Absolutely
Vital – It's a Win-Win!
Employment-related claims are a
serious risk to any business. To lessen
that risk, AmTrust offers Employment
Practices Liability Insurance (EPLI)
coverage – a comprehensive, lowcost product that is necessary to
protect small businesses from
employment practices liability
exposure, especially in today’s lawsuithappy world.
Our EPLI product provides free risk
management services previously
available only to larger companies. In
addition, our EPLI product provides the
insured with coordination of defense
counsel, rather than selecting their
own, which has shown to reduce costs
by more than 35%.
Types of Coverage
The AmTrust EPLI product provides
coverage for all employees including
full-time, part-time, seasonal,
temporary, volunteers and dedicated
independent contractors and includes
both Standard and Enhanced
coverage options. The enhanced
version covers inappropriate third-party
conduct and punitive damages.
EPLI-related Insured Events
include:
• Online training for following proper
procedures of employee
terminations
• Online training to prevent employee
discrimination
• Information on compliance with
wage and hour laws
• Customizable employment policies
and procedures, available in
English and Spanish
• Example employee handbooks
• Human resources policies
• FAQs
EPLI is straight forward, low cost,
and is easy to add
The AmTrust EPLI product has every
advantage and no downside. EPLI can
be automatically added to classqualified policies, it has straightforward
underwriting rules and it is low cost.
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AmTrends_Feb_2015
• Discrimination
• Sexual harassment
• Wrongful termination / demotion /
discipline
• Failure to hire/promote/fire/demote
• Wrongful infliction of emotional
distress
• False imprisonment/detention,
malicious prosecution
• Libel, slander, defamation of
character
• Invasion of privacy
Additionally, our EPLI product also
provides personal contact within 24-48
hours of all claims submitted; and,
includes a risk management website
for both agents and insureds.
To learn more about the AmTrust EPLI
product, click here.
To learn how to submit EPLI
compensation business at AmTrust
Online, please contact your regional
sales manager or the AmTrust Help
Desk at 866.427.6150.
The website,
www.amtrustworkplace.com,
provides the following resources:
• Online training to prevent sexual
harassment that meets stringent
requirements in several states
AmTrust Workers' Compensation Coverage is
One of the Best
AmTrust is ranked as the 6th largest
Workers’ Compensation carrier in
the nation for many reasons, including
our multi-tiered carrier approach that
gives agents a competitive advantage
with pricing flexibility, and our efficient
and secure Bind Online system.
What makes our Workers' Comp
coverage one of the best?
• Easy, accurate, secure, efficient
and 24-7 availability sums up
AmTrust Online, where our
innovative technology allows
quick quote capabilities
• Superior coverage enhancements
• Loss Control expertise
• Professional, timely and fair claim
settlements
• Dedicated, experienced and
professional underwriting staff
• Competitive commission rates
• Flexible payment plans. To find
one that is a perfect fit for your
client, please contact your sales
representative or the AmTrust
Customer Service Department at
877.528.7878
• Contract exclusivity
• State-of-the-art automation
• Prevention programs – online
resources and community
workshops to focus on prevention
and safety in the workplace
• Quick underwriting turnaround
• Focus on building strong
To learn more about the AmTrust
Workers’ Compensation product,
please click here.
To learn how to submit workers'
compensation business at AmTrust
Online, please contact your regional
sales manager or the AmTrust Help
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AmTrends_Feb_2015
partnerships with our agents to
understand their needs
Desk at 866.427.6150.
Holiday Office Closures
In observance of the upcoming
holidays, our offices will be closed on
the days listed below.
Office Closures:
Good Friday
Friday, April 3
Memorial Day
Monday, May 25
During these times, you can still make
a submission or check your clients’
policy information at any time, day or
night by visiting AmTrust Online.
Enjoy your holidays!
Plus, it’s even easier to access
AmTrust Online via tablet and mobile
phone because of our mobile
optimized site.
AmTrust Welcomes New Sales and Underwriting
Professionals to Our Team
Michael Brophy
Carrie Tullos
Senior Underwriter
Regional Sales Manager
Portland, OR
Little Rock, AR
[email protected]
Mike Brophy’s experience spans more than
30 years and reflects leadership and
achievement in both sales and underwriting
throughout the Northwest. He has held
several significant roles, including
Underwriter Director, Branch Manager,
Underwriter Manager and Product Manager.
His industry expertise extends across
multiple lines of businesses, with an indepth focus on Property, Casualty, Lumber,
Marine, Multi-State and Construction
coverages.
[email protected]
Carrie currently holds CIC, CPIA and AINS
designations. She is the founder and
president of the Women’s Insurance Group
of Arkansas, and has served as a
committee member for the Arkansas
chapters of the Young Agents and the
National Association of Professional
Insurance Agents (PIA). Carrie has been
honored twice as the Marketing Rep of the
Year by the Arkansas chapters of the PIA
and IIAA associations.
Megan Villegas
Michelle Hale
Regional Sales Manager
Dallas, TX
[email protected]
Michelle’s 26 years of industry experience
reflects accomplishment in management,
underwriting, sales, technical development
and business development. For the past
several years, Michelle oversaw the
management of 50 insurance agencies in
the territories of middle and western
Tennessee.
Regional Underwriter
Dallas, TX
[email protected]
Megan, who holds a CPCU accreditation in
the state of Texas, gained valuable
experience while working at a large national
carrier and became skilled at identifying,
addressing and resolving an array of client
needs and issues. She is an active member
with the industry association, the Young
Agents.
Debra Oliver
Regional Underwriter
Arkansas Territory
[email protected]
Debra’s 24 years of industry experience
includes a longtime focus on Workers’
Compensation services and products.
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AmTrends_Feb_2015
During her tenure with major insurance
carriers, Debra gained a comprehensive
perspective across a wide array of
insurance lines and services.
Upcoming Tradeshows
LA I-Day
March 11, 2015
Burbank Airport Hotel and Convention
Center
2500 N. Hollywood Way
Burbank, CA 91505
Contact: Tracie Day
[email protected]
Small Agency Conference
March 26 – 27
Holiday Inn
2200 I-70 Drive S.W.
Columbia, MO 65203
Contact: Douglas Lewey
[email protected]
San Diego I-Day
April 15, 2015
Town and Country Resort and
Convention Center
500 Hotel Cir N.
San Diego, CA 92108
Contact: Tracie Day
[email protected]
Buffalo I-Day
April 16, 2015
Buffalo Niagara Convention Center
153 Franklin Street
Buffalo, NY 14202
Keynote Speaker: TV host Larry King
Contact: Leslie Perrotta
[email protected]
IIA North Florida Big I Day
April 16, 2015
Deercreek Country Club
7816 Mc Laurin Rd N.
Jacksonville, FL 32256
Contact: Kristina Bailey
[email protected]
IIA Broward Big I Day
April 17, 2015
The Club at Emerald Hills
4100 North Hills Drive
Hollywood, FL 33021
Contact: Kristina Bailey
[email protected]
IIA Lee County Big I Day
April 30, 2015
Heritage Palms Country Club
10420 Washingtonia Palm Way
Ft. Myers, FL 33912
Contact: Kristina Bailey
[email protected]
TLPA - Spring Convention 2015
April 29 – May 2
The Westin San Diego Gaslamp
Quarter
910 Broadway Circle
San Diego, CA 92101
Contact: John Claxton
[email protected]
Palm Beach Big I Day
May 7, 2015
The Breakers Rees Jones Course
1550 Flagler Pkwy
West Palm Beach, FL 33411
Contact: Kristina Bailey
[email protected]
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[email protected]. You may also call us at 877.528.7878 or visit our website: www.amtrustnorthamerica.com
This email was sent by: AmTrust North America, 800 Superior Avenue E., 21st Floor, Cleveland OH 44114
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