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AmTrust Financial Services Announces Completion of Acquisition of Mutual Insurers Holding Company

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AmTrust Financial Services (NASDAQ: AFSI) ("the Company") announced today that it has completed the acquisition of Mutual Insurers Holding Company ("MIHC") and MIHC's subsidiary, First Nonprofit Insurance Company ("FNIC").

FNIC offers low hazard insurance products to small, non-profit and government entities and is the third largest provider of property and casualty insurance products to non-profit organizations in the U.S. In 2012, FNIC wrote $70 million of premiums in 27 states.

"We are proud to announce the acquisition of FNIC, a leading provider of insurance products and services to non-profit organizations," said Barry Zyskind, President and CEO of AmTrust Financial Services, Inc. "Backing FNIC's established non-profit customer relationships with our Company's resources provides considerable opportunity to expand in the attractive niche insurance market for non-profits. The acquisition of FNIC supports our strategy of building our business and shareholder value."

About AmTrust Financial Services, Inc.

AmTrust Financial Services, Inc., headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage. For more information about AmTrust, visit www.amtrustgroup.com, or call AmTrust toll-free at

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