ANV Global Services Inc. Appoints Pittinger as North America Underwriting Director

NEW JERSEY, USA, February 21, 2017 -- ANV Global Services Inc, the North American Managing General Underwriter (MGU) owned by multinational insurance group AmTrust Financial Services, Inc. (Nasdaq:AFSI), has appointed James Pittinger to the role of Underwriting Director, effective immediately.

Responsible for the North American MGU business which focuses on Management Liability and Professional Lines products, Mr. Pittinger will be based in New Jersey. He brings more than 25 years’ experience to ANV, including underwriting expertise, business development and reinsurance across multiple industries, services and professional lines. 

Commenting on the appointment, Grady Womack, ANV Managing Director, said: “I am very pleased to welcome Jim to the ANV and AmTrust team. He brings extensive experience to our North American business at an exciting time for ANV. With a growing team and the opportunity that being part of the AmTrust Group affords, we are aiming to profitably grow the ANV professional lines and management liability business. Jim’s technical background and experience supports our ambition and I very much look forward to working with him.” 

Mr. Pittinger joins ANV from Starr Indemnity and Liability Company in New York, where he spent eight years as Vice President, Financial Lines Division Manager responsible for the domestic growth and profit of D&O, EPL, Fiduciary, Crime and E&O for Public, Private, NFP and Financial Institutions. Previously he was Vice President, Regional Manager of Chubb Group between 1999 and 2008.

About ANV Global Services

ANV Global Services is a Managing General Underwriter (MGU) owned by AmTrust Financial Services, Inc. (AFSI). Comprised of ANV Global Services Ltd. based in Barcelona and ANV Global Services Inc. based in New Jersey, the business focuses on international and North America professional lines with worldwide exposure. ANV Global Services is supported by Lloyd’s underwriters, including AmTrust Syndicate 1861.

About AmTrust Financial Services, Inc.

AmTrust Financial Services, Inc. is a multinational insurance holding company headquartered in New York City. The company offers specialty property and casualty insurance products, including workers' compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries rated "A" (Excellent) by A.M. Best. For more information about AmTrust visit www.amtrustgroup.com.

Forward-Looking Statements

This news release contains certain forward-looking statements that are intended to be covered by the safe harbors created by the Private Securities Litigation Reform Act of 1995. When we use words such as "anticipate," "intend," "plan," "believe," "estimate," "expect," or similar expressions, we do so to identify forward-looking statements. Examples of forward-looking statements include the plans and objectives of management for future operations, including those relating to future growth of our business activities and availability of funds, and are based on current expectations that involve assumptions that are difficult or impossible to predict accurately and many of which are beyond our control. Actual results may differ materially from those expressed or implied in these statements as a result of significant risks and uncertainties, including, but not limited to, non-receipt of expected payments from insureds or reinsurers, changes in interest rates, a downgrade in the financial strength ratings of our insurance subsidiaries, the effect of the performance of financial markets on our investment portfolio, the amounts, timing and prices of any share repurchases made by us under our share repurchase program, development of claims and the effect on loss reserves, accuracy in projecting loss reserves, the cost and availability of reinsurance coverage, the effects of emerging claim and coverage issues, changes in the demand for our products, our degree of success in integrating acquired businesses, the effect of general economic conditions, state and federal legislation, regulations and regulatory investigations into industry practices, risks associated with conducting business outside the United States, the impact of Brexit, developments relating to existing agreements, disruptions to our business relationships with Maiden Holdings, Ltd., National General Holdings Corp., or ACP Re, Ltd., breaches in data security or other disruptions with our technology, heightened competition, changes in pricing environments, and changes in asset valuations. Additional information about these risks and uncertainties, as well as others that may cause actual results to differ materially from those projected, is contained in our filings with the SEC, including our Annual Report on Form 10-K and our quarterly reports on Form 10-Q. The projections and statements in this news release speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

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