After Mismanagement Allegations, AmBest Renews Former CFO's Contract

AmTrust has renewed former chief financial officer Ronald Pipoly's employment contract, albeit for a lower role in the company, in the wake of allegations of financial mismanagement leveled against the New York-based carrier.  Pipoly will now serve as the executive vice president of finance, according to a filing with the U.S. Securities and Exchange Commission submitted Tuesday. He will continue to receive a base salary of $700,000 per year with the ability to receive up to $1 million in bonuses if quarterly reports are filed on time and without error. He can receive other...