AmTrust Exec unveils commercial crime product
Reprints
AmTrust Exec, a division of New York-based AmTrust Financial Services Inc., said Tuesday it has introduced a commercial crime product for medium- and large-sized businesses.
AmTrust Exec said in a statement the monoline commercial crime product covers losses for employee and third-party theft of money, securities and other property, including employee theft, that is without manifest intent; computer and electronic funds transfer fraud; fraudulent impersonation and clients’ property.
There is $5 million in primary limits available, and up to $10 million in excess, according to a spokeswoman. The excess policy is not yet filed, but is in the pipeline.
The statement said AmTrust Exec was formed in January when AmTrust’s CorePointe Insurance Agency acquired Itasca, Illinois-based Euclid Executive Liability Managers LLC.
Melissa Schwartz joined AmTrust in January from Euclid Exec to lead the commercial crime product offering, the statement said.
Read Next
-
Ryan Specialty snags former AmTrust execs for new Barcelona office
Chicago-based Ryan Specialty Group LLC on Monday said it will open an office in Barcelona and has hired four former AmTrust Group executives as it looks to expand its transactional risk business in Europe.
Related Stories
-
Ryan Specialty snags former AmTrust execs for new Barcelona office
-
Slips, falls lead to highest comp payouts in retail: AmTrust
-
