ASI Acquires Underwriting Team, Enters Surplus Lines Commercial Property Market.ATLANTA -- American Safety Insurance Services, Inc. announced today that it has acquired a team of underwriters and entered the surplus lines property market, offering both monoline property and commercial multi-peril (CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information ) coverage. Targeted classes of business include habitational risks, such as apartments, senior housing or new and renovated urban housing, mercantile/shopping centers, builder's risk, vacant commercial property and light manufacturers. The new CMP product can include property, inland marine, general liability and crime coverages. Polices are written on standard ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. forms on paper that is rated "A" (Excellent) VIII by A.M. Best. Premiums begin at $10,000 for package policies and $5,000 for monoline property. Limits up to $15 million are available. Coverage is available in most states on a non-admitted basis and in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and New Jersey on an admitted basis. ASI's commercial property line will be marketed and underwritten through its Middletown, N.J., office by a highly experienced property team headed by Jeannette Guercio and James St. John. The addition of Jeannette and Jim creates a solid foundation for ASI's entry into the property market," said Geoff Gregory, Chief Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Officer, "The property team has more than 14 years of surplus lines property underwriting experience with a proven track record of profitability. Offering surplus lines commercial property coverage compliments our existing product portfolio and is another step towards achieving our goal of diversifying our specialty product lines." ASI's property products are accessible to approved wholesale brokers only. For additional information, please visit www.amsafety.com or contact ASI's Marketing Department at 800-388-3647. ABOUT ASI ASI, n See Anxiety Sensitivity Index. American Safety Insurance Services, Inc. (ASI) offers innovative insurance solutions in the alternative insurance market for environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a , contracting and other specialty risks underwritten by American Safety Casualty Insurance Company, American Safety Indemnity Company and American Safety Risk Retention Group, Inc., which, as a group, are rated "A" (Excellent) VIII by A.M. Best. ASI is a subsidiary of American Safety Insurance Holdings, Ltd., (NYSE NYSE See: New York Stock Exchange :ASI), a Bermuda-based holding company. |
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