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American Safety Insurance Announces Promotions and New Hires in its U.S. Insurance Operations

Date : 05/01/2012 @ 4:30PM
Source : Business Wire
Stock : American Safety Insurance Holdings, Ltd. (ASI)
Quote : 30.25  0.0 (0.00%) @ 2:05AM
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American Safety Insurance Announces Promotions and New Hires in its U.S. Insurance Operations

American Safety (NYSE:ASI)
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American Safety Insurance Services, Inc., a wholly owned subsidiary of American Safety Insurance Holdings, Ltd. (NYSE:ASI), has made a number of promotions and new hires to support its continued growth in the specialty insurance marketplace.

Ambuj Jain (“AJ”) has been named Chief Underwriting Officer of ASI’s U.S. Insurance Operations. Mr. Jain has been affiliated with ASI since 1999 and has held senior management positions with the Company since 2004.

Preston Starr has been promoted to Senior Vice President - E&S Casualty, and Scott Kreuzer has been promoted to Vice President - Environmental. Michael Cifone has joined ASI as Senior Vice President - Surety, and, Ellen O’Connor has joined ASI as Senior Vice President - Property. Under the new underwriting leadership structure, all three will report to Mr. Jain.

Mr. Starr will oversee the Primary Casualty, Excess, Environmental and Professional Liability Units. Formerly, Mr. Starr was Vice President - Environmental. Mr. Starr has been with ASI since 2004 when he was hired as a senior casualty underwriter. He has 15 years of experience in the insurance industry, with the past 5 years serving in a management capacity.

Prior to his promotion, Mr. Kreuzer served as Assistant Vice President - Environmental. In his new role, he will have direct oversight of all of ASI’s Environmental business. He has been with ASI since 1996 and has been in the Environmental Unit since 2005. Mr. Kreuzer’s background also includes experience in Claims and IT departments.

Mr. Cifone comes to ASI with 20 years of experience in the surety market. Prior to joining ASI, Mr. Cifone was Senior Vice President at Acstar Insurance Company and also worked at KPMG, LLP. He will be responsible for all of ASI’s Surety business.

Ms. O’Connor joins ASI as the Senior Vice President - Property, coming to ASI with over 35 years of property insurance experience. Prior to joining ASI, Ms. O’Conner spent 17 years at Seneca/Crum & Forster, where she was the Senior Vice President of Custom Property and Inland Marine, overseeing six offices and a staff of over 50 people. Ms. O’Connor spent earlier portions of her career with Hartford and Chubb.

Commenting on the promotions and new hires, Mr. Jain, Chief Underwriting Officer of ASI said, “Preston Starr has been instrumental in our growth and success in the eight years he has been with the Company. In particular, he has done an outstanding job of turning around, building and leading the Environmental Unit since 2007. Scott Kreuzer brings a wealth of diverse experience and has worked hard to support the growth of the Environmental Unit.” Regarding Mr. Cifone and Ms. O’Connor, Mr. Jain commented that, “Adding professionals with Mike and Ellen’s qualifications to our surety and property units will help us further expand our underwriting capabilities. These segments of the market represent opportunities for us to grow, and we are confident that they will be instrumental in helping us achieve our corporate vision.”

Joseph D. Scollo, Jr., President and Chief Operating Officer, commented on the organizational changes, “AJ has shown remarkable leadership and discipline in designing and moving the organization forward. In his new role he will be able to focus on leveraging our diversified E&S product platform. I would like to congratulate Preston, Scott, Mike and Ellen in their new roles at ASI. We are very fortunate to have their breadth of talent in our organization.”

For additional information on ASI’s products or for contact information, please visit www.amsafety.com

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, ASI’s insurance subsidiaries and affiliates are rated “A” (Excellent) IX by A.M. Best. For additional information, please visit www.asih.bm.



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