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AmTrust Financial Acquires Warrantech


— AmTrust Financial Services, through its subsidiary
AMT Warranty, has acquired the remaining 73 percent
ownership interest in Warrantech, bringing its total ownership
interest to 100 percent.

Under the new ownership, Joel San Antonio remains
chairman of Warrantech; AmTrust’s Stuart Hollander becomes
Warrantech CEO; Sean Hicks continues to run
Warrantech’s Consumer Product Services group; and AMT
president Bruce Saulnier is also president of Warrantech.

AmTrust Financial Services president/CEO Barry Zyskind
said, “By bringing together these two robust warranty
administration platforms, we expect to significantly increase
our fee income and benefit from enhanced scale and technology
efficiencies while further strengthening AmTrust’s
market presence and premium opportunities in the warranty