American Safety Insurance Holdings, Ltd. Provides Preliminary Catastrophe …


HAMILTON, Bermuda, Jul 17, 2012 (BUSINESS WIRE) –
American Safety Insurance Holdings, Ltd.


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today announced
that the Company’s 2012 second quarter results will include weather
related property losses of approximately $3.0 million to $3.5 million
after tax. The losses were in the Company’s dealer open lot program,
which is in runoff, and were related to severe hail storms in the United
States. As a result of these losses, the Company anticipates earnings
per fully diluted share for the quarter to be in the range of $.20 to
$.25.

The Company expects to release second quarter 2012 financial results on
Wednesday, August 1, 2012, after the close of the market.

This press release contains forward-looking statements. These
forward-looking statements reflect the Company’s current views with
respect to future events and financial performance. Forward-looking
statements involve risks and uncertainties which may cause actual
results to differ materially, and are subject to change based on various
factors. For additional factors, which could influence the results of
the Company’s operating and financial performance, see the Company’s
filings with the Securities and Exchange Commission.

About Us:

For 25 years, American Safety Insurance Holdings, Ltd.


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, 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., and
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 .

SOURCE: American Safety Insurance Holdings, Ltd.



        
        American Safety Insurance Holdings, Ltd. 
        Investor Relations 
        Stephen R. Crim, (441) 296-8560 
        scrim@amsafety.bm 
        or 
        American Safety Administrative Services, Inc. 
        Media Relations 
        Patrick Driscoll, CPA, CPCU, (770) 916-1908 
        patrick.driscoll@amsafety.com
        


Copyright Business Wire 2012

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