<SEC-DOCUMENT>0001172661-24-003092.txt : 20240806
<SEC-HEADER>0001172661-24-003092.hdr.sgml : 20240806
<ACCEPTANCE-DATETIME>20240806120747
ACCESSION NUMBER:		0001172661-24-003092
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240806
DATE AS OF CHANGE:		20240806
EFFECTIVENESS DATE:		20240806

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Amtrust Financial Services, Inc.
		CENTRAL INDEX KEY:			0001365555
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				043106389
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-17705
		FILM NUMBER:		241178038

	BUSINESS ADDRESS:	
		STREET 1:		59 MAIDEN LANE
		STREET 2:		43RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10038
		BUSINESS PHONE:		(212) 220-7120

	MAIL ADDRESS:	
		STREET 1:		59 MAIDEN LANE
		STREET 2:		43RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10038
</SEC-HEADER>
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<TYPE>13F-HR
<SEQUENCE>1
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      <filer>
        <credentials>
          <cik>0001365555</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>06-30-2024</periodOfReport>
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    <coverPage>
      <reportCalendarOrQuarter>06-30-2024</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Amtrust Financial Services, Inc.</name>
        <address>
          <ns1:street1>59 Maiden Lane</ns1:street1>
          <ns1:street2>43rd Floor</ns1:street2>
          <ns1:city>New York</ns1:city>
          <ns1:stateOrCountry>NY</ns1:stateOrCountry>
          <ns1:zipCode>10038</ns1:zipCode>
        </address>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-17705</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Todd Jaeger</name>
      <title>Chief Investment Officer</title>
      <phone>212-220-7120</phone>
      <signature>/s/ Todd Jaeger</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>08-06-2024</signatureDate>
    </signatureBlock>
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    <nameOfIssuer>BLACKSTONE MORTGAGE TRUST IN</nameOfIssuer>
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    <nameOfIssuer>CLIPPER RLTY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>18885T306</cusip>
    <value>837336</value>
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    <titleOfClass>CORE S&amp;P500 ETF</titleOfClass>
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    <shrsOrPrnAmt>
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  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>ISHS 1-5YR INVS</titleOfClass>
    <cusip>464288646</cusip>
    <value>18846072</value>
    <shrsOrPrnAmt>
      <sshPrnamt>367800</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>367800</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  </infoTable>
  <infoTable>
    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>CORE US AGGBD ET</titleOfClass>
    <cusip>464287226</cusip>
    <value>9567219</value>
    <shrsOrPrnAmt>
      <sshPrnamt>98560</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <None>0</None>
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    <nameOfIssuer>ISHARES TR</nameOfIssuer>
    <titleOfClass>RUSSELL 2000 ETF</titleOfClass>
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    <nameOfIssuer>LEMONADE INC</nameOfIssuer>
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