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).
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.
While hosting Ambassador Greer, the former USTR manipulated pay data to claim that services jobs had overtaken manufacturing.
Lawmakers from member states of the European Union agreed to measures last week to stop drug shortages and fix chronic Asian dependencies for critical medicines, this time spurred by worries over the antibiotics supply chain.
A Senate Committee on Small Business and Entrepreneurship hearing held last week had only one manufacturer serving as a witness. He liked the tariffs because they stopped the bloodletting of cheaper imitations from China. However, he told the Senate that changes could be made to existing tariff policy to help lower costs as commodity and other input prices are rising fast.
The clock is ticking on the U.S.-Mexico-Canada Agreement. On July 1, 2026, the three parties are scheduled to sit down for the formal “joint review” required by the deal itself. Under the terms USMCA’s drafters wrote into the agreement, the entire arrangement automatically expires on July 1, 2036 unless every government affirmatively recommits to it.
