Fairfax Financial Holdings says it has completedthe acquisition of American Safety InsuranceHoldings.
|Trading of American Safety shares was suspended onOct. 3 and American Safety common shares will be delistedfrom the New York Stock Exchange.
|Fairfax announced the $306 million deal in June. Several of American Safety'sspecialty lines groups are expected to move to Fairfax's Crum &Forster and Hudson Insurance.
|At the time Fairfax simultaneously announced it would turnaround and sell American Saferty Reinsurance to Tower GroupInternational after buying American Safety Holdings.
|However, in August, Tower said it would receive $5 million to terminate the deal in orderfor Fairfax to sell American Safety Reinsurance to CatalinaHoldings. Terms of the deal were not disclosed.
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