A.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Series of Announcements

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 recent announcements regarding the closing of the sale of a 51% interest in a portion of AFSI’s U.S.-based fee businesses; the sale of the company to Evergreen Parent, L.P., an investor group comprised of various equity funds managed by Stone Point Capital, LLC and members of the Karfunkel and Zyskind families; and the filing of a Form 12b-25 related to its Form 10-K for the year ended Dec. 31, 2017. These Credit Ratings (ratings) remain under review with negative implications.