Exhibit 21

AMERICAN SAFETY INSURANCE HOLDINGS, LTD.

SUBSIDIARIES OF THE COMPANY

American Safety Insurance Holdings, Ltd. – Bermuda

American Safety Assurance, Ltd. – Bermuda

American Safety Reinsurance Ltd. – Bermuda

Ordinance Holdings, Limited – Bermuda

American Safety Holdings Corp. – Georgia

American Safety Casualty Insurance Company – Oklahoma

American Safety Indemnity Company – Oklahoma

Ponce Lighthouse Properties Inc. – Florida

RiverMar Contracting Company – Florida

American Safety Insurance Services, Inc. – Georgia

Environmental Claims Service, Inc. – Georgia

Sureco Bond Services, Inc. – Georgia

American Safety Financial Corp. – Georgia

American Safety Purchasing Group, Inc. – Georgia

American Safety Capital Trust – Georgia

American Safety Capital Trust II – Georgia

American Safety Capital Trust III – Georgia

American Safety Risk Retention Group, Inc. (non-subsidiary risk retention group affiliate) – Vermont