Key Developments For AMERISAFE, Inc.
AMERISAFE, Inc. (AMSF.O) (Nasdaq)
A.M. Best Revises Outlook To Positive For Amerisafe, Inc. And Its Operating Subsidiaries
Amerisafe, Inc. announced that A.M. Best Co. has revised the outlook to positive from stable and affirmed the issuer credit rating (ICR) of bbb- and debt ratings of AMERISAFE, Inc. Concurrently, A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of A- (Excellent) and ICRs of a- of Amerisafe Insurance Group (Amerisafe). Amerisafe includes American Interstate Insurance Company, Silver Oak Casualty, Inc. and American Interstate Insurance Company of Texas (Austin, TX), which are operating subsidiaries of AMERISAFE, Inc.
Amerisafe, Inc. Announces Management Promotions
Amerisafe, Inc. announced the promotion of Geoffrey R. Banta, currently the Company's Chief Financial Officer (CFO), to the position of Chief Operating Officer. G. Janelle Frost, the Company's Controller, has been promoted to the position of Chief Financial Officer, both effective on November 1.
Amerisafe, Inc. Partners With FirstBest to Transform Underwriting
Amerisafe, Inc. announced that the Company has selected FirstBest's advanced Underwriting Management System (UMS) to provide real-time collaboration with its agents and progressive agency capabilities while significantly increasing submission volume.
Amerisafe, Inc. Announces Completion of Secondary Offering
Amerisafe, Inc. announced the completion of a secondary offering of 9,071,576 shares of common stock at a price of $11.75 per share, including 1,183,250 shares sold pursuant to the over-allotment option granted to the underwriters by certain of the selling stockholders. The Company did not sell any shares in, and will not receive any of the proceeds from, this secondary offering. Friedman Billings Ramsey & Co., Inc. acted as the sole book-running manager.
Amerisafe, Inc. Announces Pricing Of Secondary Offering Of Common Stock
AMERISAFE, Inc. announced the pricing of a secondary offering of 7,888,326 shares of common stock at $11.75 per share, all of which are being offered by existing shareholders. Certain of the selling shareholders have agreed to sell up to an additional 1,183,250 shares of common stock to the underwriters to cover over-allotments, if any. AMERISAFE will not sell any shares in, and will not receive any of the proceeds from, this secondary offering. Friedman Billings Ramsey & Co., Inc. acted as the sole book-running manager and William Blair & Company, L.L.C., SunTrust Robinson Humphrey and Cochran Caronia Waller Securities LLC acted as co-managers in the offering.
