8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) June 25, 2007

AmTrust Financial Services, Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-33143	04-3106389
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

59 Maiden Lane, 6th Floor, New York, New York	10038
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code(212) 220-7120

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4 (c))

Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 25, 2007, the Company entered into a Stock Purchase Agreement (the "Stock Purchase Agreement") to acquire all of the issued and outstanding shares of stock of Associated Industries Insurance Services, Inc (“Associated”) and its wholly-owned subsidiary, Associated Industries Insurance Company, Inc. The sellers are certain individuals and trusts affiliated with Associated. The Company agreed to pay approximately $41.2 million. This amount will be used to acquire all outstanding shares and to satisfy certain outstanding debt of Associated.

The Acquisition Agreement contains representations, warranties, covenants and indemnities which are customary for this type of transaction. The closing of the transaction is subject to regulatory approval and other customary closing conditions. The Stock Purchase Agreement may be terminated by the Company if the closing does not occur within 90 days.

Item 8.01 OTHER EVENTS

The Registrant issued a press release on June 25, 2007 announcing the entering into an agreement for the acquisition of Associated.  A copy of the press release is attached as Exhibit 99.1 to this Form 8-K.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a)   Not applicable.

(b)   Not applicable.

(c)   Not applicable.

(d)   Exhibits.

The following exhibits are filed as part of this report.

Number Description

99.1 Copy of press release issued by AmTrust Financial Services, Inc. dated June 25, 2007.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AmTrust Financial Services, Inc.
	(Registrant)
Date: June 27, 2007	By:	/s/ Stephen Ungar
		Stephen Ungar
		Secretary

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EX-99.1

Exhibit 99.1

For more information, please contact:

AmTrust Financial Services, Inc.
Hilly Gross Vice President, Investor Relations 212-220-7120 x 7013 hgross@amtrustgroup.com	Ronald E. Pipoly, Jr. Chief Financial Officer 216-328-6116 rpipoly@amtrustgroup.com

For immediate release

June 25, 2007

AmTrust Financial Services, Inc. Announces Agreement to Acquire Associated Industries Insurance Services, Inc. and Associated Industries Insurance Company, Inc.

(New York) - AmTrust Financial Services, Inc. (NASDAQ: AFSI) announced today that it entered an agreement to acquire all of the issued and outstanding stock of Associated Industries Insurance Services, Inc., a Florida-based workers’ compensation managing general agency, and its wholly-owned subsidiary, Associated Industries Insurance Company, Inc., a Florida workers’ compensation insurer, also licensed in Alabama, Georgia and Mississippi (collectively, “Associated”) for approximately $41.2 million. Consummation of the transaction is subject to regulatory approval.

AmTrust and Associated have enjoyed a close business relationship since 2004 when AmTrust acquired renewal rights to certain business from Associated and entered into a Production and Administration Agreement pursuant to which Associated produces business for AmTrust in the State of Florida. In 2006, Associated produced approximately $130 million in gross written premium, $58 million of which was written by AmTrust’s subsidiary, Technology Insurance Company.

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Barry Zyskind, CEO of AmTrust Financial Services, Inc. stated, “The acquisition of Associated is the logical culmination of the close relationship we have had with Associated for the past three years. Associated consistently has been one of the leading providers of workers’ compensation to small businesses in Florida. We are confident that the addition of Associated to the AmTrust family should provide AmTrust with the ability to continue growing our workers’ compensation business.”

Jon L. Shebel, Founder, President and CEO of Associated stated, “All members of our team are excited about joining the AmTrust family of companies, which share Associated’s commitment to integrity of operations and customer service.”

About AmTrust Financial Services, Inc.

AmTrust Financial Services, Inc., headquartered in New York City, is a multinational specialty property and casualty 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.

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