Willkie to Serve as Independent Legal Advisor for AmTrust Special Committee

January 10, 2018

AmTrust Financial Services, Inc., announced the formation of a special committee to review proposal by Stone Point Capital, the CEO and the Karfunkel Family to acquire all outstanding shares of common stock.

On January 10, AmTrust Financial Services, Inc. (Nasdaq:AFSI) announced that its board of directors appointed a special committee to consider the January 9, 2018, proposal from private equity funds managed by Stone Point Capital LLC, together with Barry D. Zyskind, Chairman and CEO of AmTrust, George Karfunkel and Leah Karfunkel (collectively, the “Karfunkel-Zyskind Family”), to acquire all of the outstanding shares of common stock of AmTrust that the Karfunkel-Zyskind Family does not already own or control for $12.25 per share in cash.

Willkie is serving as the independent legal advisor to the special committee to assist in its review of the proposed transaction.

AmTrust will not move forward with any transaction unless it is approved by the special committee. Any transaction would be subject to a non-waivable condition requiring the approval of a majority of the shares of the company not owned or controlled by the Karfunkel-Zyskind Family, senior management or their respective affiliates.

Based in New York, AmTrust is a multinational insurance holding company offering 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. AmTrust is included in the Fortune 500 list of largest companies.

The Willkie team is being led by partner Steven Seidman, and includes partners Laura Delanoy, Alexander Dye and Tariq Mundiya and associates Sarah Wong and David Blassberger.