American Safety Insurance Holdings Updates on Deal to Acquire Bluestone Agency [Manufacturing Close – Up]
According to a release, Bluestone is a specialty provider of both commercial and contract surety, focusing primarily on transactional commercial surety. In 2011 Bluestone wrote approximately
Bluestone will operate as a separate business unit under the direction of ASI's surety division.
Completion of the transaction is subject to regulatory approval and other standard conditions. The transaction is expected to close at the end of the second quarter. Terms of the transaction were not disclosed.
"We look forward to
"The financial strength of ASI will open up additional markets for us in the surety space and give us access to enhanced capabilities to expand our existing channels," said
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