Stone Point and Karfunkel-Zyskind family to acquire AmTrust for $2.7bn.

Stone Point, a financial services-focused private equity firm, and Karfunkel-Zyskind family agreed to acquire AmTrust, a multinational insurance holding company that offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile, general liability and extended service and warranty coverage, for $2.7bn. “I believe that this transaction represents an exciting step forward for AmTrust, our employees, and the agents, brokers, partners, and customers we serve. As a private enterprise, we will be able to focus on long-term decisions, without the emphasis on short-term results. The year 2018 marks the 20th anniversary of AmTrust’s founding. Alongside Stone Point Capital, a strong partner widely recognized as an experienced investor in the insurance sector, the Karfunkel-Zyskind family is deeply committed to the long-term strength and success of AmTrustWe are well-positioned to continue meeting our policyholders’ needs, supporting our brokers and agents, and developing our partner relationships,” Barry Zyskind, AmTrust Chairman and CEO.