American Safety Insurance Holdings says its shareholders have approved its purchase by Fairfax Financial Holdings for about $306 million.
About 84.5 percent of shareholders voted. Of them, 99.4 percent voted in favor of the merger. Bermuda's American Safety will merge with Fairfax Bermuda Holdings.
The transaction, which still needs regulatory approval, is expected to close in the fourth quarter.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
