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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report: March 24, 2000
AMERICAN SAFETY INSURANCE GROUP, LTD.
(Exact name of Registrant as specified in its charter)
Bermuda 1-14795 Not applicable
(State of incorporation (Commission File (I.R.S. Employer
or organization) Number) Identification No.)
44 Church Street (441) 296-8560
P.O. Box HM 2064 (Registrant's telephone
Hamilton, HM HX Bermuda number)
(Address of principal
executive offices)
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Item 5. Other Events.
On March 24, 2000, Registrant purchased Trafalgar Insurance Company, an
Oklahoma licensed insurance company, which has authority to operate as an excess
and surplus lines insurance company in 34 states and the District of Columbia.
Trafalgar Insurance Company's stock was acquired from Houston Casualty Company,
a subsidiary of HCC Holdings, Inc., for a purchase price of approximately $16.3
million, and Trafalgar had, at closing, in excess of $15 million of capital and
surplus. Prior to closing, Trafalgar entered into a bulk assumption reinsurance
agreement with Houston Casualty, under which Houston Casualty assumed all of
Trafalgar's prior and existing insurance business. Trafalgar has been renamed
American Safety Indemnity Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized, on March 30, 2000.
American Safety Insurance Group, Ltd.
By:__________________________________
Lloyd A. Fox, President
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