AmTrust Financial Services

AmTrust Financial Services, Inc. is a multinational insurance holding company that specializes in providing property and casualty insurance products, particularly for small to mid-sized businesses. Founded in 1998, the company initially focused on workers' compensation insurance and has since expanded its offerings to include commercial automobile, general liability, extended service, and warranty coverage. AmTrust emphasizes niche diversity and low-hazard risk, striving for financial stability through geographic and product diversification. Its operations are organized into three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program, with the majority of its revenue generated from the Small Commercial Business segment. In addition to its insurance products, AmTrust engages in strategic investments in early-stage companies that align with its core business, particularly in areas such as insurance technology, finance, and cybersecurity.

Mark Raymie

President

Barry Zyskind

Chairman of the Board and CEO

Past deals in Motor Insurance

Foxquilt

Series A in 2021
Foxquilt Inc. is an insurance technology company based in Toronto, Canada, that operates a platform designed to connect consumers with insurance carriers. Founded in 2016, Foxquilt focuses on empowering individuals and small businesses to join social groups with similar insurance needs, allowing them to save on upfront premiums and reduce deductibles while purchasing home, small business, and auto insurance online. The company's offerings cater to a diverse range of sectors, including contractors, retail, e-commerce, healthcare, and technology. By leveraging data and machine learning, Foxquilt's insurance-as-a-service platform simplifies the insurance process for small businesses and B2B networks, ultimately helping them achieve significant savings and rewards at renewal.

Metromile

Series B in 2013
Metromile, Inc. is a digital insurance platform based in San Francisco, California, that specializes in pay-per-mile car insurance. Using a wireless device called Metromile Pulse, which connects to a vehicle's onboard diagnostics port, the company tracks real-time mileage along with location and driving behavior. This data-driven approach allows Metromile to offer personalized auto insurance policies, providing significant savings—averaging 47% compared to traditional insurers. The platform also features automated claims processing and smart driving tools to enhance user experience. In addition to its insurance offerings, Metromile licenses its technology to insurance companies globally, enabling them to improve efficiency and reduce fraud through advanced data analytics.
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