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Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Tue., Jun. 15, 9:44 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
Number of ETFs Holding FFH.CA: 
4
Total Market Value Held by ETFs: 
$10.99M
Total Market Capitalization: 
$12.00B
% of Market Cap. Held by ETFs: 
0.09%
 

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