................................................................................
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
-----------------
Date of Report: March 10, 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)
................................................................................
<PAGE>
Item 5. Other Events.
Registrant plans to complete the development of the Harbour Village Golf
and Yacht Club consisting of 786 residential condominium units, a marina
containing 142 boat slips, a par three golf course and beach club on a 172 acre
site located in Ponce Inlet, Florida (the "Property"). The Property was acquired
by Registrant in April 1999 through a foreclosure, and has been under
development through Registrant's subsidiary, Ponce Lighthouse Properties, Inc.
The Property had been previously marketed for sale.
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 16, 2000.
American Safety Insurance Group, Ltd.
By:______________________________________
Lloyd A. Fox, President
- 2 -
<PAGE>
