American Safety Insurance Announces Promotions and New Hires in its U.S. Insurance Operations
May 01 2012 - 4:30PM
Business Wire
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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