Tag Archives: ASI

Afghan scholars initiative brings cultural exchange and promise for future

By Molly Line

Attending the small private Kents Hill School in central Maine, 19-year old senior Nizam is a world away from his war torn homeland of Afghanistan.

“There are more problems in Afghanistan, but I think education is the base of change so if you have more educated people, more intellectual people, that’s the only way that we can bring change and we can bring peace,” Nizam said.

The teenager is among a select group of scholars attending schools abroad, gaining and giving cultural knowledge through the Afghan Scholars Initiative. Co-founder Qiam Amiry, who himself studied in America, is back in Kabul and says the goal of the non-profit effort is to create a new generation of leaders.

“What we need, what Afghanistan needs in the next decades to come, is its younger generation to step in and a younger generation with quality education, with global perspective to come in and take responsibility for their country,” Amiry said.

So far fifteen scholars have been placed at high schools and colleges in India and the United States.

“They develop relationships with American students that come from different backgrounds,” Amiry said. “That bone is essentially a human bone that will give Afghanistan a human face. That’s something that the media has repeatedly failed to capture and we would like to do it through our scholars.”

The head of school at Kents Hill, Jeremy LaCasse, said the presence of an Afghan scholar broadens the educational experience of fellow students.

“When our kids see a news brief about what happens in Afghanistan in a given day that’s tangible and becomes more meaningful,” LaCasse said. “Nizam,is your family ok? It helps our kids develop an empathy that I’m not sure is easy to generate in other ways and through other experiences.”

Among the scholars are several young women including 23-year-old Meetra, a junior at Smith College in Massachusetts. She is the first of her siblings to attend college and study abroad. Her parents stand behind her, but other family members do not.

“Because of the culture and norms my relatives are not supportive because if you’re going abroad, a single girl, alone… it’s definitely going to affect her personality, her thoughts and they don’t want any changes, they don’t want to see any change in me,” said Meetra who acknowledges the experience in America is changing her.

Meetra said she’s gaining confidence and leadership skills that she hopes to pass on to other women when she returns home.

“It’s a long term plan for me to go back to Afghanistan and help women in particular and one thing I feel that would help them the most is through education. I want to bring this set of skills and system that I’m used to in the United States to Afghan women,” Meetra said. “I’m very hopeful and I’m positive about it that one day Afghanistan will develop and women will have more voice in Afghanistan.”

It’s Amiry’s hope that the ASI program will continue to grow, enabling and inspiring young men and women for years to come to return home …read more
Source: FULL ARTICLE at Fox World News

Is American Safety Insurance for Sale?

By Rich Smith, The Motley Fool

Filed under:

American Safety Insurance Holdings may be for sale.

On Wednesday, the Bermuda-based reinsurer revealed that its board of directors has been reviewing “strategic alternatives” the company might take, and those alternatives might include “a potential sale of the Company.”

ASIH further advised Wednesday that it has retained Bank of America investment banking arm Merrill Lynch to advise it on its options — and left it at that. Until ASIH makes a decision on its future, the company says it “does not intend to make any further statements regarding this process.”

ASIH issued its fiscal Q4 and full-year earnings release last week, reporting a $1.14-per-share profit for the year, but a $0.06-per-share loss for the quarter. At the time, CEO Stephen R. Crim pronounced the results “disappointing for ASI.”

Shares of the company gained 1.2% in Wednesday trading, closing at $23.97. 

The article Is American Safety Insurance for Sale? originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

American Safety Insurance Holdings, Ltd. Announces Review of Strategic Alternatives

By Business Wirevia The Motley Fool

Filed under:

American Safety Insurance Holdings, Ltd. Announces Review of Strategic Alternatives

HAMILTON, Bermuda–(BUSINESS WIRE)– American Safety Insurance Holdings, Ltd. (NYS: ASI) today announced that its Board of Directors has been undertaking a review of strategic alternatives, including a potential sale of the Company, and it has retained BofA Merrill Lynch to advise in connection with its evaluation. No assurance can be given as to whether, when or on what terms any possible transaction might occur. The Company does not intend to make any further statements regarding this process unless and until a definitive agreement has been reached, or until the process of exploring strategic alternatives has ended.

About Us:

For 25 years, American Safety Insurance Holdings, Ltd. (NYS: ASI) , a Bermuda holding company, has offered innovative solutions outside the U.S. in the reinsurance and alternative risk markets through its subsidiaries, American Safety Reinsurance, Ltd. and American Safety Assurance, Ltd., and in the U.S. for specialty risks and alternative risk markets through its program administrator, American Safety Insurance Services, Inc., and insurance company subsidiaries and affiliates, American Safety Casualty Insurance Company, American Safety Indemnity Company, American Safety Risk Retention Group, Inc., American Safety Assurance (Vermont), Inc. As a group, ASI’s insurance subsidiaries and affiliates are rated “A” (Excellent) IX by A.M. Best. For additional information, please visit www.asih.bm .

American Safety Insurance Holdings, Ltd.
Investor Relations
Stephen R. Crim
scrim@amsafety.bm
441-296-8560
or
American Safety Administrative Services, Inc.
Media Relations
Mark W. Haushill
mark.haushill@amsafety.com
770-916-1908

KEYWORDS:   United States  North America  Georgia

INDUSTRY KEYWORDS:

The article American Safety Insurance Holdings, Ltd. Announces Review of Strategic Alternatives originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

GE Capital Launches New Credit Facility for ASI System Integration, Inc.

By Business Wirevia The Motley Fool

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GE Capital Launches New Credit Facility for ASI System Integration, Inc.

$40 million of inventory working capital will fuel growth

CHICAGO–(BUSINESS WIRE)– GE Capital’s Commercial Distribution Finance (CDF) business announced today that it has established a $40 million inventory and working capital financing credit facility for ASI System Integration, Inc. (ASI), a technology consulting service based in New York, N.Y. that works with corporate, public sector and reseller clients.

Providing an alternative to standard open account terms, which typically require payment in full within 30 days, inventory and working capital financing programs allow companies in the information technology (IT) channel to address the cash conversion cycle from inventory procurement and service billing to accounts receivable collection.

“We chose to work with GE Capital because of its global reach, broad capabilities and excellent reputation in the market,” said Sonny Chabra, ASI‘s chairman and CEO. “This financing provides us with the credit and flexibility necessary to continue to follow our growth strategy.”

“We are pleased that ASI chose GE Capital to provide working capital financing to grow its business,” said Mike Marcolina, managing director at CDF. “The opportunity to help fast-moving American businesses like ASI reinforces our commitment to the channel community.”

CDF has supported the IT industry for more than 30 years. It is the financing provider to more than 250 vendors and 1,400 resellers. It provided $12 billion in channel financing last year.

About ASI System Integration, Inc.

ASI provides a range of IT solutions for all industries, including consulting, systems design, integration, lifecycle sourcing, asset disposition and IT workforce staffing. Computer Reseller News recently named ASI to its 19th annual Solution Provider 500 list (formerly the VAR500), which ranks the highest producing integrators and solution provider organizations in the IT channel. For more information, please visit www.asisystem.com.

About GE Capital, Commercial Distribution Finance

GE Capital, Commercial Distribution Finance provided nearly $31 billion in financing for more than 40,000 manufacturers, dealers and distributors across North America in 2012. Programs include inventory and accounts receivable financing, asset-based lending, private label financing, collateral management and related financial products. Customers have access to exclusive online tools and analytics to manage their accounts and inventory. For more information, visit http://www.gecdf.com/ or follow company news via Twitter (<a target=_blank …read more
Source: FULL ARTICLE at DailyFinance