|[March 13, 2013]
American Safety Insurance Holdings, Ltd. Announces Review of Strategic Alternatives
HAMILTON, Bermuda --(Business Wire)--
American Safety Insurance Holdings, Ltd. (NYSE: ASI) today announced
that its Board of Directors has been undertaking a review of strategic
alternatives, including a potential sale of the Company, and it has
retained BofA Merrill Lynch to advise in connection with its evaluation.
No assurance can be given as to whether, when or on what terms any
possible transaction might occur. The Company does not intend to make
any further statements regarding this process unless and until a
definitive agreement has been reached, or until the process of exploring
strategic alternativs has ended.
For 25 years, American Safety Insurance Holdings, Ltd. (NYSE:ASI), a
Bermuda holding company, has offered innovative solutions outside
the U.S. in the reinsurance and alternative risk markets through its
subsidiaries, American Safety Reinsurance, Ltd. and American Safety
Assurance, Ltd., and in the U.S. for specialty risks and alternative
risk markets through its program administrator, American Safety
Insurance Services, Inc., and insurance company subsidiaries and
affiliates, American Safety Casualty Insurance Company, American Safety
Indemnity Company, American Safety Risk Retention Group, Inc., American
Safety Assurance (Vermont), Inc. As a group, ASI's insurance
subsidiaries and affiliates are rated "A" (Excellent) IX by A.M. Best.
For additional information, please visit www.asih.bm.
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