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AmTrust Financial Services Inc (AFSI.OQ)

AFSI.OQ on NASDAQ Stock Exchange Global Select Market

9.05USD
17 Nov 2017
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$-0.06 (-0.66%)
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Summary

Name Age Since Current Position

Barry Zyskind

45 2016 Chairman of the Board, President, Chief Executive Officer

Adam Karkowsky

42 2017 Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Executive Vice President

Max Caviet

64 2015 Chief Executive Officer of AmTrust International Limited (AIL)

Christopher Longo

43 2017 Chief Operating Officer, Executive Vice President

Ronald Pipoly

50 2017 Executive Vice President - Finance

J. Daniel Hickey

2017 Executive Vice President - Business Strategy and Business Development

David Saks

50 Executive Vice President, Chief Legal Officer

Michael Saxon

58 2016 Executive Vice President, U.S. Commercial Lines

Ariel Gorelik

2017 Senior Vice President, Chief Information Officer

Stephen Ungar

54 2005 Senior Vice President, General Counsel, Secretary

Zachary Wolf

2017 Deputy Chief Financial Officer,Senior Vice President

George Karfunkel

68 1998 Director

Leah Karfunkel

70 2016 Director

Donald DeCarlo

78 2006 Independent Director

Susan Fisch

72 2010 Independent Director

Abraham Gulkowitz

68 2006 Independent Director

Raul Rivera

74 2016 Independent Director

Biographies

Name Description

Barry Zyskind

Mr. Barry D. Zyskind is Chairman of the Board, President, Chief Executive Officer of the Company. has held senior management positions with the Company since 1998. He has served as our Chief Executive Officer and President since 2000. Mr. Zyskind also serves as an officer and director of many of our wholly-owned subsidiaries. Mr. Zyskind serves as non-executive chairman of the board of Maiden Holdings, Ltd. (see “Certain Relationships and Related Transactions”), and is a member of NGHC’s board of directors. Prior to joining us, Mr. Zyskind was an investment banker at Janney Montgomery Scott, LLC in New York.

Adam Karkowsky

Mr. Adam Karkowsky is Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, Executive Vice President of the Company. Mr. Karkowsky has been AmTrusts Executive Vice President of Strategic Development and Mergers & Acquisitions since March 2011. In that role, he led the Company's merger and acquisition initiatives and oversaw the implementation of AmTrusts corporate development and corporate strategy. Mr. Karkowsky directed the Companys strategic expansion in the U.S. and internationally.

Max Caviet

Mr. Max G. Caviet is Chief Executive Officer of AmTrust International Limited (AIL), subsidiaries of Amtrust Financial Services Inc. Mr. Caviet also serves as an officer and director of several of our subsidiaries. From 1994 to 2003, Mr. Caviet was Engineering and Underwriting Manager with Trenwick International Limited. From 1990 to 1994, Mr. Caviet was with Crowe Underwriting Agency Ltd. as its Engineering and Extended Warranty Underwriter. In 1982, Mr. Caviet joined CIGNA Insurance Company of North America (UK) Ltd. as a Senior Underwriter for Special Risks and was promoted to Engineering and Underwriting Manager. Between 1972 and 1982, Mr. Caviet was an underwriter and team leader, specializing in engineering risks, at British Engine Insurance Company.

Christopher Longo

Mr. Christopher M. Longo is Chief Operating Officer, Executive Vice President of the Company. Mr. Longo performed a number of functions with Credit General Insurance Company including as a commercial lines underwriter, actuarial analyst and regulatory compliance officer.

Ronald Pipoly

J. Daniel Hickey

Mr. J. Daniel Hickey has been appointed as Executive Vice President - Business Strategy and Business Development of the Company, with effective from July 18, 2017. Mr. Hickey will oversee the Company's business strategy planning function, developing and implementing a global strategic framework for AmTrust that reflects macro market trends and local market insights. He will also be responsible for AmTrust's business development, identifying and managing key partner relationships, as well as organic business opportunities available to AmTrust throughout its global business platform. Mr. Hickey has built a strong career in the insurance industry, in progressively senior roles. He previously served at PartnerRe, a global reinsurer, as Executive Vice President and Head of the Standard Lines business unit where he had executive leadership, strategic planning and underwriting responsibilities for the unit. Prior to PartnerRe, Mr. Hickey was at General Reinsurance Corporation, a provider of reinsurance solutions to the Life/Health and Property/Casualty insurance industries, most recently in the role of President - North America Treaty Reinsurance. Mr. Hickey is based at AmTrust's New York City headquarters and reports directly to Mr. Zyskind, Chairman and Chief Executive Officer of AmTrust.

David Saks

Mr. David H. Saks is Executive Vice President, Chief Legal Officer of the Company. Mr. Saks held a number of positions at American International Group, Inc., an insurance company. His responsibilities included overseeing the legal aspects of all of AIG’s domestic and international mergers and acquisitions, joint ventures and strategic investments. In addition, Mr. Saks was responsible for overseeing the legal aspects of AIG’s operations and systems, e-commerce, sourcing and real estate leasing. Mr. Saks began his career at Simpson Thacher & Bartlett, where he worked from December 1994 through March 1999.

Michael Saxon

Mr. Michael J. Saxon is Executive Vice President, U.S. Commercial Lines of the Company. He oversee the Company’s U.S. commercial property and casualty business. He was Chief Claims Officer for Credit General Insurance Company, a property and casualty insurer. In 1984, Mr. Saxon began his career at Liberty Mutual, an insurance company. Thereafter, Mr. Saxon joined Progressive Insurance Company, where he held successively more responsible management positions in the Claims Department over an eight-year period.

Ariel Gorelik

Mr. Ariel Gorelik is Senior Vice President, Chief Information Officer of the Company. Mr. Gorelik will lead AmTrust's global IT organization, with a focus on operational excellence across the IT function. He is responsible for ensuring that AmTrust will continue to lead through technology innovation and capitalizing on technology solutions to help enable AmTrust fulfill its business goals. Mr. Gorelik's extensive operational leadership experience in the insurance sector includes expertise in centralization of operations and transformation of service delivery to improve customer satisfaction. Mr. Gorelik joined AmTrust in 2014 as Senior Vice President AmTrust North America operations, and in January 2016 was promoted to Chief Operating Officer of AMT Warranty, one of the Company's operating subsidiaries in the U.S. Prior to joining AmTrust, from 2013 to 2014, Mr. Gorelik was a managing consultant of the ICON division for Zurich North America, a property and casualty insurer. From 2010 to 2013, he served as deputy chief operating officer at SK Allianz/Allianz Group, a German property and casualty insurer. He was responsible for the procurement, real estate management, and transportation departments, as well as for areas of IT relating to Allianz's core insurance system. He also led the organization's full automation of the policy life cycle. Prior to his role as deputy COO, Mr. Gorelik served as head of Allianz Eurasia's business services, where he established a shared service center with a number of back and middle office functions, including claims handling, P&C policy administration, payments, and call center.

Stephen Ungar

Mr. Stephen B. Ungar is Senior Vice President, General Counsel, Secretary of the Company. Mr. Ungar also serves as an officer and director of many of our subsidiaries. From 1990 to 2001, Mr. Ungar served as Special Counsel and Managing Attorney with the State of New York Insurance Department Liquidation Bureau. Between 1987 to 1990, Mr. Ungar was an associate at Hendler and Murray and Kroll and Tract in New York.

Zachary Wolf

Mr. Zachary Wolf is the Deputy Chief Financial Officer,Senior Vice President of the Company. Mr. Wolf joined AmTrust in 2013, taking on progressively senior roles and responsibilities within the finance organization. Previously, he was with S&P, most recently as Senior Director in the structured finance group. During his tenure at S&P, Mr. Wolf was responsible for developing analytical platforms for a variety of products, directing strategy and criteria development, publication of research and analyzing transactions;

George Karfunkel

Mr. George Karfunkel is Director of the Company. He is currently Chairman, President and Chief Executive Officer of National General Holdings Corp. (“NGHC”), an insurance holding company. He has held this position since NGHC was formed in 2009 (see “Certain Relationships and Related Transactions”). Mr. Karfunkel serves on the Board of Trustees for New York Medical College, and his real estate holdings include major office buildings in New York, Chicago and several other cities, which he holds through entities he controls with his brother, George Karfunkel. The Karfunkels also are co-owners of Worldwide TechServices, LLC, a computer maintenance and services company. Mr. Karfunkel was a director, the former President and co-owner, with George Karfunkel, of American Stock Transfer & Trust Company, LLC, a stock transfer company, which he founded in 1971 with George Karfunkel, and sold in 2008.

Leah Karfunkel

Mrs. Leah Karfunkel is Director of the Company. Mrs. Karfunkel is the co-trustee and primary beneficiary of The Michael Karfunkel 2005 Family Trust (the “Trust”), one of the Company’s largest stockholders. She has served in various positions for community and charitable organizations, and is currently on the Board of Trustees of Touro College.

Donald DeCarlo

Mr. Donald T. DeCarlo is Independent Director of the Company. Mr. DeCarlo served as the Chairman of the Board of Commissioners of the New York State Insurance Fund from 2011 until October 2012 and served as a Commissioner from 1997 through 2009. From 1996 to 2004, Mr. DeCarlo practiced in the New York offices of Lord, Bissell & Brook, LLP, a law firm, where he was managing partner prior to his departure. He is a director of Jackson National Life Insurance Co. of New York, Greater New York Mutual Insurance Company (an insurer that primarily underwrites large property coverages) and its subsidiaries, Greater New York Custom Insurance Company, Insurance Company of Greater New York and Strathmore Insurance Company, WRM America Indemnity Company Inc. and several of our subsidiaries. He is also a member of National General Holdings Corp.’s Board of Directors. From 1987 to 1997, Mr. DeCarlo held a number of positions with the Travelers Group’s insurance companies, including serving as Senior Vice President and General Counsel of all of the companies from 1994 to 1997. From 1973 to 1986, Mr. DeCarlo was vice president and general counsel of the National Council on Compensation Insurance, a national association that collects, tabulates and provides data used in formulating rates for workers compensation insurance. Mr. DeCarlo has written three books and numerous articles on workers’ compensation insurance.

Susan Fisch

Ms. Susan C. Fisch is Independent Director of the Company. Ms. Fisch was an executive at Willis Re, Inc., an insurance broker, where she created and directed the Workers’ Compensation Practice Group that was responsible for the creation of new products, placement of workers’ compensation programs, relationship coordination with reinsurers and new client prospecting. In addition, she provided guidance and strategic direction to Willis Re clients and prospects in all aspects of workers’ compensation. From 1992 through 2001, Ms. Fisch was a senior vice president and team leader specializing in workers’ compensation at Benfield Blanch. From 1987 through 1992, she was a reinsurance treaty broker focusing on workers’ compensation at Enan & Company. From 1978 through 1987, she was employed by Thomas A. Greene Company as a facultative broker and, ultimately, as head of the casualty facultative department in the company’s San Francisco office. She began her career with Towers Perrin, an actuarial company, in 1976. Ms. Fisch has been a frequent speaker at workers’ compensation seminars.

Abraham Gulkowitz

Mr. Abraham Gulkowitz is Independent Director of the Company. Mr. Gulkowitz worked for Brookville Capital from 2002 until Brookville Advisory became independent in 2011. From 1978 to 2002, Mr. Gulkowitz served in various positions, including as a Senior Managing Director and a member of the partners’ management group, at Bankers Trust/Deutsche Bank, an investment bank. His responsibilities included the analysis of economic and business issues related to leveraged financing transactions as well as mergers and acquisitions, private equity and real estate investments. Mr. Gulkowitz joined Bankers Trust in 1978 from Chase Manhattan Bank where he was a financial market analyst. Prior to that, he was an economics research assistant to Alan Greenspan. Mr. Gulkowitz is also a member of the advisory board of Gryphon Investors Group, a San Francisco-based private equity firm specializing in middle market investment opportunities.

Raul Rivera

Mr. Raul Rivera is Independent Director of the Company. Mr. Rivera is the Chairman, President and Chief Executive Officer of National Benefit Life Insurance Company, a position he has held since 2001. Mr. Rivera is also currently a board member of Life Insurance Council of New York, Inc., Insurance Federation of New York, Inc., Life Insurance Company Guaranty Corporation of New York and one of AmTrust’s subsidiaries. In addition, Mr. Rivera is a member of the National Association of Insurance and Financial Advisors and a trustee of the College of Mount Saint Vincent in Riverdale, New York.

Basic Compensation