New York, NY – AmTrust Financial Services, Inc. (Nasdaq:AFSI) recently announced that it has acquired Total Program Management LLC (“TPM”) for cash. TPM is a managing general agency focused on programs that offer workers’ compensation insurance to the health care industry. In 2015, TPM was responsible for insurance premium totaling $47.1 million.
Barry Zyskind, Chairman, President and Chief Executive Officer of AmTrust stated, “The acquisition of TPM represents AmTrust’s continuing strategy to vertically integrate product distribution and expand the Company’s valuable fee based businesses.”
TPM was founded as a managing general agency in 2005 and operates primarily in New York. AmTrust has been the insurer for the majority of premiums written through TPM.