UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): March 13, 2013
AMERICAN SAFETY INSURANCE HOLDINGS, LTD.
(Exact name of registrant as specified in its charter)
Bermuda | 001-14795 | Not applicable | ||
(State or Other Jurisdiction of Incorporation or Organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
The Boyle Building, 2nd Floor
31 Queen Street
Hamilton, Bermuda HM 11
(Address of principal executive offices, including zip code)
(441) 296-8560
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) 12 under the Securities Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) 12 under the Securities Act (17 CFR 240.13e-2(c)) |
Item 8.01. | Other Events |
On March 13, 2013, the Registrant issued a press release announcing the engagement of BofA Merrill Lynch to assist in evaluation of strategic alternatives.
A copy of the press release is attached as Exhibit 99.1 and is hereby incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. The following exhibit is being furnished herewith: |
Exhibit No. |
Description | |
99.1 | Press Release of American Safety Insurance Holdings, Ltd. issued March 13, 2013 announcing engagement of BofA Merrill Lynch to assist in evaluation of strategic alternatives. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN SAFETY INSURANCE HOLDINGS, LTD. Registrant | ||||||
Date: March 13, 2013 | By: | /s/ Stephen R. Crim | ||||
Stephen R. Crim | ||||||
President/CEO |
Exhibit 99.1
American Safety Insurance Holdings, Ltd.
Announces Review of Strategic Alternatives
HAMILTON, Bermuda, March 13, 2013 - American Safety Insurance Holdings, Ltd. (NYSE: ASI) today announced that its Board of Directors has been undertaking a review of strategic alternatives, including a potential sale of the Company, and it has retained BofA Merrill Lynch to advise in connection with its evaluation. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended.
About Us:
For 25 years, American Safety Insurance Holdings, Ltd. (NYSE:ASI), a Bermuda holding company, has offered innovative solutions outside the U.S. in the reinsurance and alternative risk markets through its subsidiaries, American Safety Reinsurance, Ltd. and American Safety Assurance, Ltd., and in the U.S. for specialty risks and alternative risk markets through its program administrator, American Safety Insurance Services, Inc., and insurance company subsidiaries and affiliates, American Safety Casualty Insurance Company, American Safety Indemnity Company, American Safety Risk Retention Group, Inc., American Safety Assurance (Vermont), Inc. As a group, ASIs insurance subsidiaries and affiliates are rated A (Excellent) IX by A.M. Best. For additional information, please visit www.asih.bm.
Contacts:
American Safety Insurance Holdings, Ltd. | American Safety Administrative Services, Inc. | |
Investor Relations | Media Relations | |
Stephen R. Crim | Mark W. Haushill | |
scrim@amsafety.bm | mark.haushill@amsafety.com | |
(441) 296-8560 | (770) 916-1908 |