AmTrust Exec, a division of AmTrust Financial Services, Inc., has introduced a commercial crime product designed to provide coverage for a range of medium- and large-sized businesses.
The monoline commercial crime product covers loss from employee and third-party theft of money, securities and other property, including:
- Employee theft (without manifest intent)
- Computer and electronic funds transfer fraud
- Fraudulent impersonation
- Clients’ property
The new AmTrust Exec division was formed in January 2020 when AmTrust’s Corepointe Insurance Agency acquired Itasca, Ill.-based Euclid Executive Liability Managers, LLC. The division offers products such as directors and officers liability, employment practices liability and the new commercial crime policy.
Melissa Schwartz, who joined AmTrust in from Euclid Exec, leads the commercial crime product offering. Previously, Schwartz was the Fidelity and Crime Product leader with Liberty International Underwriters.
AmTrust Exec provides coverage for a range of sectors including manufacturing, non-profit, oil & gas, retail, and telecommunications.
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