AmTrust Announces Pricing of Private Offering of $250 Million Principal Amount of Senior Notes

AmTrust Announces Pricing of Private Offering of $250 Million Principal Amount
of Senior Notes

NEW YORK, Aug. 12, 2013 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc.
(Nasdaq:AFSI) (the "Company") today announced that it has agreed to sell $250
million aggregate principal amount of its 6.125% senior notes due 2023 (the
"senior notes") to qualified institutional buyers pursuant to Rule 144A under
the Securities Act of 1933, as amended (the "Securities Act"). The offering is
expected to close on August 15, 2013, subject to customary closing conditions.

The senior notes will be the senior, unsecured obligations of AmTrust and will
bear interest at a rate of 6.125% per annum, payable semi-annually in arrears
on August 15 and February 15 of each year, beginning on February 15, 2014. The
senior notes will mature on August 15, 2023.

AmTrust estimates that the net proceeds it will receive from the offering will
be approximately $247.3 million, after deducting the initial purchasers'
discounts and commissions and estimated offering expenses payable by
AmTrust.AmTrust intends to use the net proceeds from the offering for general
corporate purposes, which may include working capital, capital expenditures
and/or strategic acquisitions.

The senior notes have not been and will not be registered under the Securities
Act and may not be offered or sold in the United States absent registration or
an applicable exemption from the registration requirements.This press release
shall not constitute an offer to sell or a solicitation of an offer to buy
these securities, nor will there be any offer or sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.

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, 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.

AFSI-F

CONTACT: AmTrust Financial Services, Inc.
        
         Investor Relations
         Elizabeth Malone CFA
         beth.malone@amtrustgroup.com
         646.458.7924
        
         Hilly Gross
         hilly.gross@amtrustgroup.com
         646.458.7925

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