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AmTrust Financial Services, Inc. Board Approves Increase of $150.0 million to its Common Share Repurchase Program


AmTrust Financial Services, Inc. AFSI, +0.31% ("the Company") announced today that, in connection with the Company's amendment to its credit facility, the Company's Board of Directors approved the repurchase of an additional $150 million of the Company's outstanding common stock. This authorization augments the Company's existing stock repurchase authorization approved by the Company's Board of Directors in December 2013. The number, price, structure and timing of the repurchases, if any, will be at the Company's sole discretion and repurchases will be evaluated by the Company depending on market conditions, liquidity needs and other factors. Further, the purchases will be subject to applicable securities laws and regulations, including Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The Board of Directors may suspend, modify or terminate the repurchase program at any time without prior notice. Under this repurchase program, the Company is not obligated to repurchase any particular number of shares.

About AmTrust Financial Services, Inc.

AmTrust Financial Services, Inc., a multinational insurance...