AmTrust Financial Services Reports Growth Surge in 2014
AmTrends_Feb_2015 If you are having trouble viewing this email, click here to view it in your browser For print friendly version, click here - 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! http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM] 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. http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM] 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 http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM] 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. http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM] 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] - Please do not reply to this message. Replies to this message are routed to an unmonitored mailbox. If you have questions, please email: [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 http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM] AmTrends_Feb_2015 To unsubscribe: click here http://www.amtrusttools.com/email_broadcasts/AmTrends_Feb_2015.html[4/1/2015 8:55:32 AM]
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