Today, Hudson Insurance Group announced completing its merger between Fairfax Financial Holdings Limited and American Safety Insurance Holdings Ltd (ASI). Hudson acquired Surety Team from ASI that would be led by the company's Senior Vice President, Michael Cifone. The new Surety Team is made up of 34 professionals. The new team would be based in Atlanta, Orlando and Calabasas. It would continue to write commercial and contract business through appointed agents.
Christopher Gallagher, Hudson's President and Chief Executive Officer said, "This acquisition gives us a unique opportunity to significantly expand our Surety operating platform and market presence. The strengths and expertise of ASI's Surety Team provides Hudson with an excellent opportunity for quality growth,"
ASI's Senior Vice President Michael Cifone commented, "Hudson is the perfect fit for our agents and customers given Hudson's entrepreneurial spirit and customer focus. We are excited about joining Hudson and are confident of a seamless transition."
Join the Conversation