Gregory Vousvounis
Value, growth at reasonable price, long-term horizon, long only

Atlas Financial: An Insurance Micro-Cap With Great Potential

Atlas Financial Holdings (NASDAQ:AFH) is the owner of a group of insurance companies that focus on one small niche in the property & casualty sector. Atlas specializes in underwriting insurance for the "light" commercial automobile sector, i.e. taxi cabs, non-emergency Para-transit, limousine, livery and business auto. It's licensed in 49 states (plus the District of Columbia) but currently operates only in 38 of them.

(Source: Atlas Financial Holdings' website)

Atlas Financial was originally founded in December 21, 2009 as an investment vehicle (capital pool company). A year later, it bought two insurers (American Service and American Country) from Kingsway America, a subsidiary of Kingsway Financial Services (NYSE:KFS). Both of these are specialized insurers focused in...

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