A.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Announcement of Offer to Acquire Certain Public Shares

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of AmTrust Financial Services, Inc. (AFSI) [NASDAQ:AFSI] (headquartered in New York, NY) and all associated Long-Term Issue Credit Ratings and indicative Long-Term Issue Credit Ratings, as well as the Long-Term ICRs and Financial Strength Ratings of its operating subsidiaries are unchanged by the announcement today that private equity funds managed by Stone Point Capital LLC and members of the Karfunkel and Zyskind families (collectively, “the family”), who currently own or control approximately 43% of AFSI’s common shares, have made a proposal to the AFSI Board of Directors to acquire the outstanding public shares of AFSI that are not controlled by the family. The Credit Ratings (ratings) remain under review with negative implications.