CPA VICE CHAIRMAN & FORMER CHAIRMAN OF AMERICAN STRATEGIC INSURANCE GROUP
Marc Fasteau is the founder and has served as chairman of the the American Strategic Insurance Group, a property & casualty insurer with approximately $1.1 billion in premium operating in 26 states. The holding company for the Group, Arx Holding Corp, and its shareholders, have entered into a definitive agreement, expected to close in April 2015, to sell a majority interest in Arx to Progressive Corporation (PGR:NYSE).
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Marc is a partner and investor in Sereno Properties, LLC, a developer and manager of small, high design luxury hotels. Fulcrum owns and operates Le Sereno hotel in St Barths and is building a new hotel on Lake Como, Italy in the town of Torno.
Marc was an investment banker in New York for 14 years, and served as a Managing Director and partner at Dillon Read & Co.
From 1979-81, Marc served as Staff Director and Counsel to the Rockefeller Foundation funded Study Commission on US Policy Toward South Africa. The Commission produced “South Africa:Time Running Out”, a book length report with policy recommendations for the federal government, US corporations and US non-profit.
From 1963-66, he served on the professional staffs of the US House of Representatives Banking & Currency Committee (now the Committee on Financial Services), US Senate Majority Leader Mike Mansfield and the Joint Economic Committee.
Marc is a graduate of Harvard College (1963) and Harvard Law School (magna cum laude 1969) where he was an editor of the Law Review.
He is married to Anne Gerard Fredericks, an artist, art historian and former Wall Street professional specializing in the Japanese and other non-US equity markets.
President Trump was right to strengthen the Section 232 tariffs on steel and aluminum, and the breakdown of these negotiations should put an end to proposals to weaken them.
If Canada wants a deal, there is no shortage of things Ottawa can put on the table — America’s national security tariffs on aluminum and steel are not among them
The report documents how goods subject to higher U.S. tariffs are routinely rerouted through lower-tariff countries, undermining both tariff enforcement and American manufacturing.
For years, the de minimis loophole allowed foreign shippers to send packages valued at up to $800 into the United States duty-free, tax-free, and with virtually no customs scrutiny — so long as the foreign vendor merely alleged the value was below the threshold.
