Descriptions
American Safety Allowance Holdings, Ltd. (American Safety Insurance) is a specialty allowance and reinsurance captivation aggregation with the United States allowance and adopted reinsurance operations alms solutions for specialty risks. The Aggregation provides allowance and reinsurance solutions for baby and medium-sized businesses. Through its calm operating subsidiaries and affiliates, it markets and underwrites a array of specialty allowance articles to baby and medium-sized businesses in the United States. Through the Company’s operating subsidiaries, it offers reinsurance articles to the United States and all-embracing baby and medium-sized allowance companies. On June 30, 2009, American Safety Blow Allowance Aggregation (ASCIC), a wholly endemic accessory of the Aggregation acquired 100% absorption in Victore Allowance Aggregation (VIC), Victore Enterprises, Inc. and Agency Bonding Company, Inc.
Excess and Surplus Lines
American Safety Allowance underwrites assorted types of ecology risks, including abate bazaar and average bazaar ecology contractors and consultants and ecology crime liability. It does not accommodate advantage for manufacturers or installers of articles absolute asbestos, but insures the contractors that remediate asbestos. The Ecology Contractor and Consultant Risks is accepted accountability advantage for ecology contractors and consultants. Ecology Crime Accountability is advantage for anchored armpit abuse accountability businesses, such as manufacturers, absolute acreage and decay facilities.
Construction offers primary accepted accountability coverages for assorted types of residential and bartering architecture risks. The architecture risks, which it underwrites accommodate residential construction, bartering architecture and other. Articles accountability coverages is for baby and average bazaar manufacturers and distributors of average hazard products, excluding assertive aerial severity classes of risks, such as invasive medical products, pharmaceuticals and nutraceuticals. Acreage advantage focuses on blaze apparent bounds and accountability risks, primarily aural areas of the eastern United States that do not accept a aerial acknowledgment to catastrophes. Excess and awning accountability coverages are offered primarily in the architecture and articles accountability areas, both over added carriers’ and its own primary policies. Contract achievement and acquittal bonds are offered to ecology contractors and architecture contractors in 47 states and the District of Columbia. Allowance and accident administration solutions are for the abiding affliction industry.
Alternative Risk Transfer
Working with third-party affairs managers, reinsurance intermediaries and reinsurers, American Safety Allowance targets small- and medium-sized businesses with akin groups of specialty risks area the arch allowance coverages accommodate either casualty, (general, able or abuse liability) and property. Its specialty programs abide primarily of blow allowance coverages for architecture contractors, annoyance ascendancy operators, baby auto dealers, absolute acreage brokers, restaurant and alehouse owners and bond bondsmen. Its insureds are appropriate to advance allowance advantage to accomplish their business and the absolutely adjourned product
Assumed Reinsurance
The Company’s subsidiary, American Safety Reinsurance, focuses on blow reinsurance for accident assimilation groups, captives and baby specialty allowance companies. Business accounting includes medical malpractice, able accountability for accountants and lawyers, bartering auto liability, accepted accountability beyond assorted sectors, and baby participations in acreage accident treaties.
The Aggregation competes with Mt. Hawley Allowance Company, Navigators Group, Meadowbrook Allowance Group, Markel Corporation, DeLos Allowance Group, RLI Corp., Philadelphia Allowance Company, Max Re, Wind River Reinsurance Aggregation and Lloyds of London.
