AmTrust Financial Refutes Negative Report, Says Future Has ‘Never Been Brighter’

By Young Ha | December 17, 2013
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  • December 17, 2013 at 1:28 pm
    Dandy Don says:
    Hot debate. What do you think?
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    Unless the author of this article possesses a fine mind and has made, on our behalf, a definitive determination of who is right, Amtrust or the other party, a gentle aquaintance with the English language should suffice for him to understand that the correct word is “dispute,” not “refute,” in the headline.

    To dispute means to argue against, while to refute means to prove something wrong.

    • December 17, 2013 at 5:02 pm
      Agent says:
      Well-loved. Like or Dislike:
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      Amtrust has been dysfunctional for a while. We had the Unitrin for many years and it was a stable market. When Amtrust took over underwriting, they screwed it all up. They ran off the good underwriters and put in inexperienced people who didn’t know what they were doing. It was a revolving door and we never knew who to contact. We finally called it quits with them and moved our remaining business. We continued to receive letters from their regional manager for another two years after severing ties like we were still appointed. I couldn’t be happier they were gone.

  • December 17, 2013 at 2:04 pm
    risktaker says:
    Well-loved. Like or Dislike:
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    What I have seen of AmTrust is poor underwriting, cheap programs and generally speaking low quality management and leadership.

    They will deal with anyone with a pulse; both agents and brokers.

    People I know and respect avoid them.

  • December 17, 2013 at 11:22 pm
    CPCU Man says:
    Well-loved. Like or Dislike:
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    This is the same story the Tower Group floated and we all know where they went…

    Where there is smoke there is fire

    • December 19, 2013 at 4:01 pm
      Agent says:
      Well-loved. Like or Dislike:
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      Having AmTrust say the future has never been brighter is kind of like Obama saying Obamacare is great and working for America.

    • December 20, 2013 at 10:44 am
      compman says:
      Poorly-rated. Like or Dislike:
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      Hidden due to low comment rating. Click here to see.

      • December 20, 2013 at 11:00 am
        CPCUman says:
        Well-loved. Like or Dislike:
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        Uh….Sure. Brought to you by the Board of Directors of AmTrust LOL

        They are known to be the biggest gathering of dirt bags out there.

      • December 20, 2013 at 11:45 am
        Agent says:
        Well-loved. Like or Dislike:
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        Leave it to an Amtrust employee to weigh in and sing the praises of a dysfunctional company. I, as an Independent Agent had many years of experience with them and saw the handwriting on the wall and determined they were not a good fit for us so we moved the business to our other markets who have done much better.

  • December 18, 2013 at 9:07 am
    P&C Lady says:
    Well-loved. Like or Dislike:
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    AmTrust is not an ethical market. I know many people who work there and they say management is far from honest in their dealings.

    I would never do business with them due to the way they operate

  • December 18, 2013 at 9:16 am
    GA Boy says:
    Well-loved. Like or Dislike:
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    When they react this fast and this hard, you know there is merit to the claims.

    Can you see Warren Buffett even responding on the national level if he felt it was this untrue?!

    They have been caught with their pants down. This is more about the CEO protecting his stock value then it is about anything else.

    This entire company is ethically challenged

  • December 19, 2013 at 2:04 pm
    Bindergirl says:
    Well-loved. Like or Dislike:
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    The CEO makes over $18,000,000 a year. I am in favor of capitalism but is anyone REALLY worth that in this business? This guy is way overpaid and no doubt wants his money so will do things to keep stock value up any way he can.

    AmTrust has a very bad reputation as others have commented

    • December 20, 2013 at 11:48 am
      Agent says:
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      Jay Fishman makes $29 Million with Travelers. I don’t think he is worth that either since Travelers has been going down so much in recent years. They thought they could just raise rates across the board and everyone would follow along. They just woke up and realized agents had been moving their books to other carriers and now they say they have a competitive Personal Auto market coming out in a few months. The proof will be in the puddin.

  • December 24, 2013 at 12:28 pm
    OA of New York says:
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    It is quite obvious that the same powers that attempted to bring down the stock value of AmTrust for their own greedy benefit are the louses writing the negative comments. AmTrust has been transparent with all their financial information far greater than the average insurance company. They have an A.M. Best A rating for a reason. Thank you to the naysayers who gave us who see through your true intentions a fabulous opportunity to buy a great stack at an incredible value!

    • December 27, 2013 at 9:39 am
      Agent says:
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      Spoken like a true New Yorker who is not an agent who had to deal with these people on a daily basis. So your comment they are a fabulous opportunity to buy a great “stack” makes no sense. Are you talking about pancakes or insurance stock?



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