American Safety Insurance Holdings, Ltd. Announces the Election of Steven L. Groot to Board of Directors.HAMILTON, Bermuda -- American Safety Insurance Holdings, Ltd. (NYSE NYSE See: New York Stock Exchange :ASI ASI, n See Anxiety Sensitivity Index. ) announced today that Steven L. Groot was elected to serve on its Board of Directors. "We are pleased to have a professional with such an extensive background in a variety of facets of insurance operations, including strategic planning, actuarial and information technology, join our Board," said Stephen R. Crim, President and Chief Executive Officer of American Safety Insurance Holdings, Ltd. "We have outlined an effective plan for growth for our Company, and we believe that Mr. Groot brings a wealth of knowledge and experience which will contribute to our continued success." Mr. Groot joins American Safety Insurance Holdings, Ltd. with more than 35 years of experience with Allstate Insurance Company in Northbrook, Ill. From 2000-2002, he served as President of Direct Distribution and e-Commerce, where he was responsible for expanding the core auto and homeowners business and integrating all customer service and agency support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . From 1998-2000, Mr. Groot was President of Allstate International, and oversaw foreign operations totaling more than $1 billion. Prior to that, Mr. Groot was President of Allstate Indemnity from 1989-1998, and grew the company dramatically through innovative marketing and product development. From 1970 to 1989, Mr. Groot served in a variety of management roles at various Allstate subsidiaries in the areas of operations, finance, actuarial, marketing, strategy and planning. Mr. Groot received a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Business Administration from Michigan Technological University Michigan Technological University (abbr. Michigan Tech or MTU) is an American public university with a range of degree offerings. Michigan Tech's main campus is in Houghton, Michigan, in the Upper Peninsula. and studied law at Lincoln University in San Jose, Calif. He is a member of the American Academy of Actuaries The The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas. , a fellow of the Casualty Actuarial Society The Casualty Actuarial Society (CAS) is a professional society of actuaries. Its members are mainly involved in the property and casualty areas of the actuarial profession. , and was admitted to the California State Bar Association. He currently serves on the Board of Directors of CEM CEM contagious equine metritis. CEM selective medium chocolate agar made with Eugon agar and 5% horse blood; used to cultivate Taylorella equigenitalis. Insurance Company; as Chairman of the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Lawrence Hall Youth Services in Chicago; and as a member of the National Advisory Board of the School of Business and Economics at Michigan Technological University. About Us: American Safety Insurance Holdings, Ltd. (NYSE:ASI), a Bermuda-based holding company, offers innovative insurance solutions in the alternative insurance market for environmental remediation, contracting and other specialty risks through its program administrator, American Safety Insurance Services, Inc., and insurance company subsidiaries 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. This press release contains forward-looking statements. 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 materially, and are subject to change based on various factors. 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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