AmTrust Financial Services Inc. announced the expansion of its strategic alliance and association with CNH Capital, the financial services business of CNH Global N.V. 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.
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 U.S. 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, CEO 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.
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.
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.