AmTrust Financial Services Inc. announced that it has acquired Total Program Management LLC in Ronkonkoma, New York, for cash. Terms of the transaction were not disclosed.
Founded in 2005, Total Program Management is a managing general agency focused on programs that offer workers’ compensation insurance to the health care industry. The firm operates primarily in New York.
In 2015, Total Program Management was responsible for insurance premium totaling $47.1 million. AmTrust has been the insurer for the majority of premiums written through Total Program Management.
AmTrust said the acquisition represents the company’s continuing strategy to vertically integrate product distribution and expand its fee-based businesses.
AmTrust is a multinational insurance holding company based in New York City. It offers specialty property/casualty insurance products, including workers’ comp, commercial auto, general liability and extended service and warranty coverage through its primary insurance subsidiaries.
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