ASI Lloyds (ASI), of St. Petersburg, Fla., announced plans to enter the personal property insurance market in Louisiana. ASI was recently a recipient of the Insure Louisiana Incentive program sponsored by the state.
ASI plans to begin writing new homeowners and swelling fire policies in Louisiana in the second quarter of 2008. The company was recently upgraded to an A- (Excellent) Financial Strength Rating by A.M. Best.
John Auer, president and CEO of ASI, said the company specializes in catastrophe exposure management, adding that it currently is a leading property insurer in both Florida and Texas.
ASI Lloyds Inc. is a subsidiary of American Strategic Insurance Corp. domiciled in Florida. The ASI group of companies specializes in homeowners insurance and has over 320,000 policy holders in Florida, Texas and Colorado.
The company is also a Write Your Own (WYO) Flood Service Provider nationally. ASI employs 150 people in its St. Petersburg offices. The A- (Excellent) rating applies to American Strategic Insurance Corp, ASI Assurance Corp, and ASI Lloyds.
Source: ASI Lloyds Inc.
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