AmTrust Financial Services, Inc. Completes the Acquisition of Mutual Insurers Holding Company

AmTrust Financial Services, Inc. Completes the Acquisition of Mutual Insurers
Holding Company

NEW YORK, May 14, 2013 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc.
(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, or call AmTrust toll-free at 866.203.3037.

Forward Looking Statements

This news release contains "forward-looking statements" that are made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. The forward-looking statements are based on the Company's current
expectations and beliefs concerning future developments and their potential
effects on the Company. There can be no assurance that actual developments
will be those anticipated by the Company. 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,
our estimates of the fair value of our life settlement contracts, 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, developments relating to
existing agreements, disruptions to our business relationships with Maiden
Holdings, Ltd., National General Holdings Corp, or third party agencies and
warranty administrators, breaches in data security or other disruptions with
our technology, heightened competition, changes in pricing environments, and
changes in asset valuations. The forward-looking statements contained in this
news release are made only as of the date of this release. The Company
undertakes no obligation to publicly update any forward-looking statements
except as may be required by law. 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 the Company's filings with
the Securities and Exchange Commission, including its annual report on Form
10-K and its quarterly reports on Form 10-Q.


CONTACT: AmTrust Financial Services, Inc.
         Investor Relations
         Elizabeth Malone CFA
         Hilly Gross

company logo
Press spacebar to pause and continue. Press esc to stop.