A.M. Best Upgrades AmTrust to ‘A-‘

June 30, 2003

A.M. Best Co. has upgraded its rating of Beachwood, Ohio-based AmTrust Group (AG), which focuses on workers’ compensation for smaller employers, to “A-” (Excellent) based on a quantitative and qualitative evaluation of the company’s balance sheet strength, operating performance and business profile.

The rating, with a stable outlook, applies to three AG companies: Technology Insurance Co., Rochdale Insurance Co. and AmTrust International Insurance. AG’s domestic focus is on workers’ compensation for smaller employers within the 26 states where it is licensed to write this line of business.

“We feel there is a need to offer a competitive workers’ compensation product to the small business owner, and we are delighted to receive a Best’s Rating of A- (Excellent),” said Barry Zyskind, president of AmTrust Financial Services. “We are committed to growing the workers’ compensation book of business and
expanding our ability to write in regional areas.”

AG offers a mono-line workers’ compensation program specifically designed for small- to medium-sized employers. AG’s senior management team has a strong concentration in workers’ compensation underwriting, claims, marketing and loss control.

AG’s goal is to be the premier provider of workers’ compensation to small employers. To achieve that goal, AG has developed a highly interactive, user-friendly technological approach to reduce the time it takes to submit an application for coverage and greatly enhance its underwriters’ ability to review submissions quickly.

AG has also partnered with nationally recognized third-party administrators to provide superior claims management services. AG’s long-term relationship with these national service providers gives employers access to a wide array of claim and managed care services.

More information about AG, including information about underwriting, claims and agency appointment can be found at the AG website, www.amtrustservices.com. AG’s toll-free number is (877) 528-7878.

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