American Safety Insurance Holdings Ltd. To Release Q4 and Year End 2008 Results

Hamilton, Bermuda: 23 February 2009 - American Safety Insurance Holdings, Ltd. (NYSE:ASI) will release fourth quarter and year end 2008 results on Wednesday, 4 March, 2009 at 5:00 p.m. EST. The conference call to discuss fourth quarter results is scheduled for Thursday, 5 March, at 9:00 a.m. EST. A special number has been set up for this conference call:

Toll Free U.S. - 1 (877) 407-9205  and  International - 1 (201) 689-8054

Lines are limited. To reserve your participation please contact Beverly Martz via email at bmartz@amsafety.com or by phone at (770) 485-4369.

If you are unable to participate at this time, a replay will be available until June 5, 2009, beginning approximately two hours after the call. To access the replay, please dial (Toll Free) 1-877-660-6853, or (International) 1-201-612-7415, enter the following replay pass codes: Account # 286 and conference ID# 309834.

The conference call will also be broadcast through the Company's website at www.amsafety.com and Vcall's Investor Calendar at www.investorcalendar.com.

The conference call and the content thereof, and any tape, broadcast or publication thereof by American Safety Insurance Holdings, Ltd. are the sole copyrighted property of American Safety Insurance Holdings, Ltd. and may not be copied, taped, rebroadcast or published, in whole or in part, without the express written consent of American Safety Insurance Holdings, Ltd.

American Safety Insurance Holdings, Ltd. (NYSE:ASI), a Bermuda holding company, offers innovative insurance 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 and American Safety Risk Retention Group, Inc. As a group, ASI's insurance subsidiaries and affiliates are rated "A" (Excellent) VIII by A.M. Best. For additional information, please visit www.asih.bm.

Contact:

Julie L. McDonald,   770-485-4310    E-mail: jmcdonald@amsafety.com

American Safety Administrative Services, Inc. Media Relations; or,

Bill Tepe,                  800-388-3647    E-mail: btepe@amsafety.com

American Safety Administrative Services, Inc. Investor Relations