Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
Total Program Management
was acquired by
AmTrust Financial
Financial advisor to Total Program Management June 2016
AmTrust Financial Services, Inc. Acquires Total Program Management, LLC
Industry: Insurance, Healthcare Services
Type: Sell-Side M&A

AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust") today 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.