American Safety Insurance Group, LTD.; Insurance Group's 'A' --Excellent-- Rating Affirmed by A.M. Best Company.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--June 20, 2000 American Safety Insurance Group, Ltd. (NYSE NYSE See: New York Stock Exchange :ASI ASI, n See Anxiety Sensitivity Index. ) today announced that the A.M. Best Company has affirmed its "A" (Excellent) rating for its insurance operating companies operating company A business that engages in transactions with outsiders. . The A.M. Best Company has affirmed the "A" (Excellent) rating for the American Safety Insurance Group of companies, consisting of American Safety Casualty Insurance Company, American Safety Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. , Ltd., American Safety Insurance Group, Ltd., and American Safety's non-subsidiary affiliate, American Safety Risk Retention Group, Inc. Not included in the group rating is the recently acquired American Safety Indemnity Company, which will be separately rated. Additional information about the rating release can be accessed at "www.ambest.com". Commenting on the A.M. Best rating announcement, Lloyd A. Fox, President and Chief Executive Officer, stated that, "We are extremely pleased with the affirming of our insurance group's 'A' (Excellent) rating by the A.M. Best Company, the leading nationally recognized insurance industry rating service. The 'A' rating is important to the continued growth of our insurance companies' operations, and we are pleased to have again merited this distinction among property and casualty insurance companies." American Safety Insurance Group, Ltd. is a specialty insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company which, through its subsidiaries, develops, underwrites, manages and markets primary casualty insurance and reinsurance programs in the alternative insurance market for environmental risks, employee leasing and staffing industry risks, and other specialty risks, and provides a broad range of financial services and products to middle market businesses. Additional information about American Safety can be found at "www.americansafetygroup.com". This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These forward-looking statements reflect the Company's current views with respect to future events and financial performance. Forward-looking statements involve risks and uncertainties which may cause actual results to differ, and are subject to change based on various factors, including, the outcome of the Company's lawsuit for rescission The abrogation of a contract, effective from its inception, thereby restoring the parties to the positions they would have occupied if no contract had ever been formed. By Agreement of the acquisition of an insurance agency and two related insurance companies, competitive conditions in the insurance industry, unpredictable developments in loss trends, adequacy and changes in loss reserves, market acceptance of new coverages and enhancements, changes in levels of general business activity and economic conditions. With respect to the development of the Harbour Village property, such forward looking statements involve risks and uncertainties which may cause actual results to differ, and are subject to change based on various factors, including competitive housing conditions housing conditions npl → condiciones fpl de habitabilidad housing conditions npl → conditions fpl de logement in the local market area, risks inherent in new construction, changes in interest rates and the availability of mortgage financing for prospective purchasers of condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. units and boat slips, and changes in local and national levels of general business activity and economic conditions. For additional factors which could influence the results of the Company's operating and financial performance, see the Company's filings with the Securities and Exchange Commission. |
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