Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

AmTrust Financial Services, Inc. (the “Company”) issued a press release announcing that, effective June 5, 2017, the position of Executive Vice President – Chief Financial Officer of the Company will transition from Ronald Pipoly to Adam Karkowsky. The Company’s Board of Directors approved Mr. Karkowsky’s appointment on June 2, 2017. Mr. Karkowsky most recently served as the Company’s Executive Vice President – Strategic Development and Mergers & Acquisitions. Mr. Karkowsky will serve as the Company’s principal financial officer and principal accounting officer. Ronald Pipoly, the Company’s Chief Financial Officer since 2005, will remain with the Company and work with Mr. Karkowsky to transition responsibilities.

Mr. Karkowsky, age 42, has been the Company’s Executive Vice President – Strategic Development and Mergers & Acquisitions since March 2011, and his responsibilities included leadership of the Company’s merger and acquisition activity as well as oversight of corporate development and corporate strategy. Mr. Karkowsky also serves as an officer and director of several of the Company’s subsidiaries.

In connection with this new appointment and transition of responsibilities, the Company expects to enter into an employment agreement with Mr. Karkowsky and an amended employment agreement with Mr. Pipoly, the terms of which have yet to be finalized. The Company will disclose the terms of the agreements on a Current Report on Form 8-K at the appropriate time.

There are no arrangements or understandings between Mr. Karkowsky and any other person to which he was appointed as Chief Financial Officer. Mr. Karkowsky has no family relationships with any of the Company’s directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.

About AmTrust Financial Services, Inc. (NASDAQ:AFSI)

Amtrust Financial Services, Inc. (AmTrust) is an insurance holding company. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business. Its segments include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program. The Small Commercial Business segment is engaged in providing workers’ compensation, commercial package and other commercial insurance lines produced by wholesale agents, retail agents and brokers in the United States. The Specialty Risk and Extended Warranty segment is engaged in providing coverage for consumer and commercial goods and custom designed coverages. The Specialty Program segment is engaged in writing commercial insurance for defined classes of insureds through general and other wholesale agents.