The Online Investor
Daily M&A
Contrarian Outlook
Stock Option Ideas
Preferred Stock Newsletter
ChartZero.com
Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Sun., Apr. 28, 4:05 PM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #71. American Safety Insurance Holdings, Ltd. Fairfax Financial Holdings Limited

Acquirer: American Safety Insurance Holdings, Ltd. (ASI)
Acquiree: Fairfax Financial Holdings Limited (FFH.CA)
Details: American Safety Insurance Holdings, Ltd. (NYSE:ASI) today announced that its shareholders approved the Agreement and Plan of Merger, dated June 2, 2013, as amended by Amendment No. 1 thereto dated August 7, 2013, among the Company, Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) and Fairfax Bermuda Holdings, Ltd. and the merger of the Company with Fairfax Bermuda Holdings, Ltd. Pursuant to the terms of the merger, the Company's shareholders will receive $30.25 for each share of the Company's common stock. Approximately 84.48% of the outstanding shares voted at the Special General Meeting this morning, of which approximately 99.39% voted in favor of the merger. The transaction remains subject to receipt of certain regulatory approvals and is expected to close early in the fourth quarter of 2013.

American Safety Insurance Holdings is an insurance and reinsurance holding company. Through its subsidiaries, Co. provides insurance products to small and medium-sized businesses in the U.S and reinsurance products to the U.S. and international insurance companies. Co.'s insurance operations consist of three divisions: excess and surplus lines, which consist of environmental, construction, products liability, excess, property, surety, healthcare, and professional liability products; alternative risk transfer, which provides property and casualty insurance coverages and fully funded policies; and assumed reinsurance, which focuses on treaty reinsurance for captives and Risk Retention Groups.

Open the ASI Page at The Online Investor »

American Safety Insurance Holdings is an insurance and reinsurance holding company. Through its subsidiaries, Co. provides insurance products to small and medium-sized businesses in the U.S and reinsurance products to the U.S. and international insurance companies. Co.'s insurance operations consist of three divisions: excess and surplus lines, which consist of environmental, construction, products liability, excess, property, surety, healthcare, and professional liability products; alternative risk transfer, which provides property and casualty insurance coverages and fully funded policies; and assumed reinsurance, which focuses on treaty reinsurance for captives and Risk Retention Groups.

Open the FFH.CA Page at The Online Investor »

Company Name:  American Safety Insurance Holdings Ltd
Website:  www.amsafety.com
Sector:  Insurance Brokers
Company Name:  Fairfax Financial Holdings Ltd
Website:  www.fairfax.ca
Sector:  Insurance Brokers
 

April 28, 2024    4:05 PM Eastern
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Insurance Brokers M&A - Slide 71 of 100 | www.TheOnlineInvestor.com | Copyright © 1998 - 2024, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.