AmTrust Financial Services Inc. has named Adam Karkowsky executive vice president and CFO.

Karkowsky most recently was executive vice president of strategic development and mergers and acquisitions. He will be based at AmTrust's New York City headquarters.

Karkowsky succeeds Ronald Pipoly Jr., who has served as CFO since 2005. Pipoly will work with Karkowsky on the transition process.

AmTrust in its press release announcing the appointment said the decision to elevate Karkowsky followed a comprehensive search process for a new CFO that included internal and external candidates.