EX-4.3



 Exhibit 4.3 

[FACE OF CERTIFICATE] 
 THIS CERTIFICATE IS
REGISTERED IN THE NAME OF AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, AS DEPOSITARY (THE “DEPOSITARY”). THIS CERTIFICATE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF
THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY. 

AMTRUST FINANCIAL SERVICES, INC., 

a Delaware corporation 
 6.95%
NON-CUMULATIVE PREFERRED STOCK, SERIES F, 
 $0.01 par value per share 

CUSIP NO. 032359 812 
 CERTIFICATE NO. 1 

This Certifies that American Stock Transfer & Trust Company, LLC, as depositary, is the registered owner of 287,500 FULLY PAID AND NON-ASSESSABLE
SHARES OF 6.95% NON-CUMULATIVE PREFERRED STOCK, SERIES F, $0.01 par value per share, with a liquidation preference of $1,000.00 per share (“Shares”), of AMTRUST FINANCIAL SERVICES, INC., a Delaware corporation (the
“Company”), transferable on the books of the Company by the holder hereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate and the Shares represented hereby are issued
under and shall be subject to all the provisions of the Amended and Restated Certificate of Incorporation of the Company and the Certificate of Designations relating thereto approved by the Board of Directors (or an authorized committee thereof) of
the Company and any amendments thereto, copies of which are on file with the Transfer Agent, to all of which the holder by acceptance hereof assents. This Certificate is not valid until countersigned and registered by the Transfer Agent and
Registrar. 
 WITNESS the seal of the Company and the facsimile signatures of its secretary and a duly authorized officer. 

Dated: September 27, 2016 
  

							
		 	[SEAL]
			
	  
	 		 	  

	Secretary	 		 	Authorized Officer
		 		 		 	Chairman, Chief Executive Officer and President
			
	COUNTERSIGNED AND REGISTERED:	 		 	
	 AMERICAN STOCK TRANSFER AND TRUST COMPANY, LLC,

as TRANSFER AGENT AND REGISTRAR
	 		 	
				
	By:	 	  
	 		 	
		 	Authorized Signature	 		 	








 [REVERSE OF CERTIFICATE] 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

			
	TEN COM - as tenants in common	 	UNIF GIFT MIN ACT or U/G/M/A - Uniform Gifts to Minors Act

 TEN ENT - as tenants by the entireties 

JT TEN - as joint tenants with right of survivorship 

                and not as tenants in common 

Additional abbreviations may also be used though not in the above list. 

For Value Received,                      hereby
sell, assign and transfer unto
                                    
[                    ] (Please insert social security number or other identifying number of assignee and print or typewrite name and address
including postal code of assignee) 

                          
                                   Shares represented by the within
Certificate, and do hereby irrevocably constitute and appoint 

                          
                                   Attorney to transfer the said Shares on
the books of the within named Company with full power of substitution in the premises. 
 Dated
                     
  

                          
                                   

NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR WITHOUT ALTERATION OR
ENLARGEMENT OR ANY CHANGE WHATEVER. 
 Signature(s) Guaranteed: 
  

                          
                                   

THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE INSTITUTION (BANKS, STOCKBROKERS, SAVINGS ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN ANY
APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. 
 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN, MUTILATED
OR DESTROYED, THE COMPANY WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE.