Fundamentally Fox
Atlanta
The beautiful part of the market turn, says Lloyd Fox, is that it heralds a long-delayed return to the insurance business fundamentals he so deeply values.
Mr. Fox sticks to the fundamentals, even when they're out of fashion. He thinks the excesses of the prolonged soft market prove him, and those who think like him, right.
Which seems a staid philosophy for a pioneering alternative marketeer. His company, Atlanta-based American Safety Holdings Corp. (with connections to a Bermuda-based parent), is a child of the last hard market and began life as a single-product company, writing asbestos abatement liability coverage when no one else would.
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