California Based Builders & Tradesmen’s Insurance Purchased by AmTrust

Rocklin, Calif.-based Builders & Tradesmen’s Insurance Services Inc. (BTIS) has been purchased by AmTrust Financial Services Inc.

BTIS is an insurance wholesaler and general agent specializing in the procurement and brokering of insurance policies and bonds for small contractors. The company writes business in 12 western states.

New York, N.Y.-based AmTrust is an insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers’ compensation, commercial automobile and general liability.

“We are excited about the acquisition of BTIS,” Barry Zyskind, CEO of AmTrust, said in a statement. “BTIS is a great company that has been in business for over ten years providing specialty insurance products to our target market of small business customers. We expect BTIS to add in excess of $70 million in premiums over the next year.”

Topics California