A.M. Best Comments on Credit Ratings of AmTrust Financial Services, Inc. Following Announcement of Reinsurance Agreement

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 Long-Term Issue Credit Ratings assigned to AFSI-issued securities are unchanged by today’s announcement that the company has entered into a reinsurance agreement with Premia Holdings, Ltd. (Premia), which will cover loss reserve development up to $400 million over AFSI’s stated reserves as of March 31, 2017. Similarly, the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” of the members of the AmTrust Group, and the FSR of A- (Excellent) and the Long-Term ICR of “a-” of AmTrust Title Insurance Company also are unchanged by the announcement. The outlook of these Credit Ratings (ratings) remains negative.