NEW YORK, July 2, 2012 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced the expansion of its strategic alliance and association with CNH Capital, the financial services business of CNH Global N.V. (NYSE:CNH). The latest development in AmTrust's relationship with CNH Capital includes the establishment of long-term licensing and service agreements and the acquisition of CNH Capital's affiliate insurance agencies: CNH Capital Insurance Agency Inc. and CNH Capital Canada Insurance Agency, Ltd. (together the "CNH Capital Insurance Agencies"). CNH Capital and AmTrust will be working together to enhance and expand CNH Capital's offering of equipment extended service contracts and other insurance products to Case IH, Case Construction, New Holland Agriculture, New Holland Construction and Kobelco® equipment dealers in the United States and Canada. "Since 2006, we have provided insurance products and services to CNH. We are excited to further enhance and expand the insurance product suite offerings alongside CNH Capital's financing solutions," said Barry Zyskind, Chief Executive Officer of AmTrust.
"We look forward to the many benefits that will be realized in the short and long-term future by the equipment brands we support, their dealers and customers alike. The expansion and enhancement of an already solid insurance product line, supported by AmTrust, will serve our North American business very well." said Steve Bierman, President of CNH Capital.
CNH Capital Insurance Agencies, located in Racine, Wisconsin and Burlington, Ontario, offer physical damage insurance, credit life insurance, commercial property and casualty insurance, extended service contracts and ancillary products to dealerships and retail customers throughout North America.
Forward Looking Statements
This press release contains certain forward-looking statements that are intended to be covered by the safe harbors created by The Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release are forward-looking statements, including statements accompanied by words such as "believe," "expect," "anticipate," "intend," "estimate," "plan," "project" and "continue" or future or conditional verbs such as "will," "would," "should," "could" or "may." These statements include the plans and objectives of management for future operations, including those relating to future growth of business activities and availability of funds, and are based on current expectations that involve assumptions that are difficult or impossible to predict accurately, many of which are beyond the control of the AmTrust Financial Services, Inc. or CNH Capital. There can be no assurance that actual developments will be consistent with either company's assumptions. Actual results may differ materially from those expressed or implied in these statements as a result of significant risks and uncertainties, including the factors set forth in each company's filings with the Securities and Exchange Commission, including their respective Annual Reports on Form 10-K and quarterly reports on Form 10-Q. The projections and statements in this press release speak only as of the date of this press release and neither AmTrust Financial Services, Inc. nor CNH Capital undertakes any obligation to update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc., headquartered in New York City, is a multinational insurance holding company, which, through its insurance carriers, offers specialty property and casualty insurance products, including workers' compensation, commercial automobile and general liability; extended service and warranty coverage. For more information about AmTrust, visit www.amtrustgroup.com, or call AmTrust toll-free at 866.203.3037.
The AmTrust Financial Services, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3280
About CNH Capital
CNH Capital, the financial services business of CNH Global N.V., provides a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management and revolving lines of credit, for the global marketplace. Building on more than 50 years' experience in the equipment finance industry, CNH Capital services a portfolio of more than $13 billion, helping customers through various wholly owned subsidiaries and joint ventures throughout North America, Latin America, Europe, Australia and Asia.
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