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United States

AmTrust Financial Services Inc (AFSI.O)

AFSI.O on Nasdaq

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9 Dec 2016
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Summary

Name Age Since Current Position

Barry Zyskind

44 2016 Chairman of the Board, President, Chief Executive Officer

Ronald Pipoly

49 2005 Chief Financial Officer, Executive Vice President

Max Caviet

63 2010 President of AmTrust International Insurance, Ltd. (AII); Chief Executive Officer of AmTrust Europe, Ltd. (AEL)

Christopher Longo

42 2016 Chief Operating Officer, Executive Vice President, Chief Information Officer

David Saks

49 Executive Vice President, Chief Legal Officer

Michael Saxon

57 2016 Executive Vice President, U.S. Commercial Lines

Stephen Ungar

53 2005 Senior Vice President, General Counsel, Secretary

Harry Schlachter

59 2007 Senior Vice President, Treasurer

Adam Karkowsky

41 Senior Vice President - Strategic Development and Mergers & Acquisitions

George Karfunkel

67 1998 Director

Leah Karfunkel

2016 Director

Donald DeCarlo

77 2006 Independent Director

Susan Fisch

71 2010 Independent Director

Abraham Gulkowitz

67 2006 Independent Director

Raul Rivera

73 2016 Independent Director

Biographies

Name Description

Barry Zyskind

Mr. Barry D. Zyskind is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Zyskind has held senior management positions with the Company since 1998. Mr. Zyskind serves as our President and Chief Executive Officer.

Ronald Pipoly

Mr. Ronald E. Pipoly Jr., is Chief Financial Officer, Executive Vice President of the Company. He has agreed to serve as our Chief Financial Officer. Mr. Pipoly’s term of employment under his agreement continues until February 28, 2018, at which time the employment agreement will continue to automatically renew for successive three-year terms, unless we or Mr. Pipoly provide 90 days’ written notice of an intention not to renew. Mr. Pipoly’s last salary increase from $600,000 to $700,000 was effective in March 2015. Mr. Pipoly is entitled to a salary review each March during the term of his employment agreement. Mr. Pipoly is entitled to an annual bonus comparable to our other senior executives, subject to a cap equal to three time his then current salary. Mr. Pipoly is also entitled to other bonus payments in the discretion of the Board of Directors.

Max Caviet

Mr. Max G. Caviet is President of AmTrust International Insurance, Ltd. (AII); Chief Executive Officer of AmTrust Europe, Ltd. (AEL)., subsidiaries of Amtrust Financial Services Inc. He was Chief Executive Officer of AmTrust Europe, Ltd. from 2010-2015, and is now Chief Executive Officer of AIL. 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, Chief Information Officer 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.

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.

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.

Harry Schlachter

Mr. Harry C. Schlachter is Senior Vice President, Treasurer of the Company. Mr. Schlachter also serves as an officer and director of many of our subsidiaries. Mr. Schlachter began his career as Controller at Capri Optics Inc., and between 1982 and 1986 served as Tax Department Manager for Main Hurdman. From 1986 to 2000, he was at Saul N. Friedman & Co. where he held the position of Tax Partner. Mr. Schlachter is a Certified Public Accountant.

Adam Karkowsky

Mr. Adam Karkowsky is Senior Vice President - Strategic Development and Mergers & Acquisitions of the Company. Mr. Karkowsky also serves as an officer and director of several of our subsidiaries. From June 2009 to March 2011, Mr. Karkowsky was a mergers and acquisitions, insurance and business development consultant. From October 2005 to June 2009, Mr. Karkowsky served as President and Portfolio Manager for Hudson Equity Partners, a venture capital firm, and Chief Executive Officer of UPRS Group, LLC, an asset recovery company.

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 an 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 an 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 an 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.