14 March 2013News

American Safety considers potential sale

The board of Bermuda-based, American Safety Insurance Holdings, has indicated that the company is exploring “strategic alternatives, including a potential sale of the company”.

The insurer has turned to Bank of America Merrill Lynch to advise on its evaluation and has indicated that no further statements will be made by the company “until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended”.