Fairfax Financial Holdings says it has completed the acquisition of American Safety Insurance Holdings.
Trading of American Safety shares was suspended on Oct. 3 and American Safety common shares will be delisted from the New York Stock Exchange.
Fairfax announced the $306 million deal in June. Several of American Safety's specialty lines groups are expected to move to Fairfax's Crum & Forster and Hudson Insurance.
At the time Fairfax simultaneously announced it would turn around and sell American Saferty Reinsurance to Tower Group International after buying American Safety Holdings.
However, in August, Tower said it would receive $5 million to terminate the deal in order for Fairfax to sell American Safety Reinsurance to Catalina Holdings. Terms of the deal were not disclosed.
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