ASI Enters Non-Construction General Liability Market; Expands Excess Liability Coverage.ATLANTA -- American Safety Insurance Services, Inc. (ASI ASI, n See Anxiety Sensitivity Index. ) (NYSE NYSE See: New York Stock Exchange :ASI) announced today that it will enter the general liability market for non-construction risks and expand its capability to offer excess and umbrella liability coverage. Both products will be marketed and underwritten by a team of insurance professionals which includes Patricia Hindle, Joseph Savarese and Gerard O'Neill Gerard Kitchen O'Neill (February 6 1927 - April 27 1992) was a U.S. physicist and space pioneer. Born in Brooklyn, he graduated from Swarthmore College in 1950, and received a doctorate in physics from Cornell University in 1954. , all of whom have recently joined ASI. The new products will be offered through ASI's new Middletown New Middletown is the name of several towns in the United States:
"We are pleased to have Pat, Joe and Jerry join the ASI team. Each brings extensive experience and expertise in the excess and surplus marketplace and we are confident that they will make an impact at ASI," 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 for American Safety Insurance Services, Inc., "Additionally, ASI's expansion into these areas of casualty represents an opportunity for us to offer a more diverse portfolio of insurance products. Based on feedback from our current producer base, we feel that these two new products demonstrate our commitment to providing insurance programs for underserved specialty risks." The target market for the non-construction coverage will be primary general liability for current and discontinued dis·con·tin·ue v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues v.tr. 1. To stop doing or providing (something); end or abandon: industrial, commercial and consumer products. Premiums begin at $7,500, with self insured retentions and deductibles beginning at $2,500. With the introduction of the new excess liability product, ASI will be able to offer limits up to $5 million over ASI's primary, as well as other carriers' primary policies. Premiums begin at $2,500 for low and medium hazard risks and $7,500 for high-hazard risks. Both products are written on a non-admitted basis on American Safety Indemnity Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. Company paper. For more information on the non-construction general liability and excess liability coverages, please contact ASI's Middletown, New Jersey office at (732) 671-5837. ABOUT ASI 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:ASI), a Bermuda-based holding company. |
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