EXHIBIT 12

AMERICAN SAFETY INSURANCE HOLDINGS, LTD.

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

	2009		2008		2007
Earnings
Pre-tax earnings	$	24,866	$	341	$	28,929
Plus: Interest expense recognized		3,614		3,648		3,731
Total earnings	$	28,480	$	3,989	$	32,660
Fixed charges
Interest expenses for the period	$	3,614	$	3,648	$	3,731
Total fixed charges	$	3,614	$	3,648	$	3,731
Coverage Ratio		7.88		1.09		8.75