| Business Summary | | American
Safety
Insurance
Group,
Ltd.
is
a
specialty
insurance
and
financial
services
holding
company
that,
through
its
subsidiaries,
develops,
underwrites,
manages
and
markets
primary
casualty
insurance
and
reinsurance
programs
in
the
alternative
insurance
market
in
all
50
states
for
environmental
remediation
risks
and
other
specialty
risks.
The
Company
also
provides
a
broad
range
of
financial
services
and
products
to
middle-market
businesses
throughout
the
United
States,
and
is
the
owner/developer
of
a
residential
condominium
and
marina
project
in
Ponce
Inlet,
Florida.
The
Company
markets
its
insurance
programs
through
approximately
275
independent
insurance
agency
and
brokerage
firms.
American
Safety
insures
and
places
risks
through
its
two
United
States
insurance
subsidiaries,
American
Safety
Casualty
Insurance
Company
and
American
Safety
Indemnity
Company,
as
well
as
its
United
States
non-subsidiary
risk
retention
group
affiliate,
American
Safety
Risk
Retention
Group,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ASI
develops,
manages
and
markets
primary
casualty
insurance
and
reinsurance
programs
in
the
alternative
insurance
market
for
environmental
remediation
risks
and
employee
leasing
and
staffing
industry
risks.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$14.3
million
to
$35.7
million.
Net
income
totaled
$2.8
million
vs.
a
loss
of
$2.4
million.
Results
reflect
an
increase
in
program
business,
surety
and
general
liability
premiums
and
the
absence
of
$3.5
million
in
recission
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frederick Treadway, 49 Chairman | -- | Lloyd Fox, 55 Pres,
Director | $398K | Steven Mathis, 33 CFO | 143K | Stephen Crim, 37 Exec.
VP | 190K | J. Jeffrey Hood, 37 Sr.
VP, Technical Services | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|