AmTrust CFO promoted to president

AmTrust Financial Services has promoted Adam Karkowsky to the role of president of AmTrust, reporting to Barry Zyskind, chairman and chief executive officer of AmTrust.

Karkowsky will also continue in the role of chief financial officer of AmTrust until his successor joins the company in the first quarter of 2020.

Karkowsky joined the company in March 2011, serving as executive vice president, strategic development and mergers & acquisitions, and has been AmTrust’s chief financial officer since June 2017.

Previously, Karkowsky worked in various finance and strategy roles in the private equity and insurance industries, including as vice president, mergers & acquisitions insurance group at AIG. He began his career as a corporate associate at Katten Muchin Rosenman.

As AmTrust chief financial officer, Karkowsky has led the transformation of AmTrust’s finance organisation, strengthening financial reporting capabilities, processes and procedures. In his new role, Karkowsky will continue to focus on driving excellence across the entire organiation and further developing relationships with agents, brokers, partners and clients.

"Since joining AmTrust, Adam has played an integral role in guiding the strategic growth of the company, drawing on his extensive knowledge of the property and casualty insurance industry,” said Barry Zyskind, chairman and chief executive officer.

“Over the past two-and-a-half years, Adam has led the finance organisation with a clear vision, enhancing processes and implementing systems to ensure we are aligned to support our global size and scale. Working with AmTrust management, he also significantly increased operational efficiencies across our business, positioning AmTrust with a strong foundation to capitalise on our momentum as we enter 2020. Now, with Adam taking on the role of president, we look forward to partnering to build on our unique franchise in the markets we serve and creating long-term value.”

Karkowsky added: “I am excited to take this next step at AmTrust and will focus my efforts on continuing to build our strength and momentum in our core markets and products. I look forward to working with Barry and our entire management team to create significant value by further strengthening AmTrust and helping facilitate its continued success.”

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