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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KCghTjzlvqB4yC3m6scs65hLuko7m7C96ScDlmepJ4nSWCNI5OckPA00e9CJav6d
 KgHqCYzQtYs4YZmJ2FZtKw==

<SEC-DOCUMENT>0001005477-03-002306.txt : 20030729
<SEC-HEADER>0001005477-03-002306.hdr.sgml : 20030729
<ACCEPTANCE-DATETIME>20030729104517
ACCESSION NUMBER:		0001005477-03-002306
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030724
FILED AS OF DATE:		20030729

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN SAFETY INSURANCE GROUP LTD
		CENTRAL INDEX KEY:			0000783603
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE AGENTS BROKERS & SERVICES [6411]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1845 THE EXCHANGE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339
		BUSINESS PHONE:		4412955688

	MAIL ADDRESS:	
		STREET 1:		1845 THE EXCHANGE
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30339

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TREADWAY FREDERICK C
		CENTRAL INDEX KEY:			0001244819

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14795
		FILM NUMBER:		03807470

	MAIL ADDRESS:	
		STREET 1:		BRUEGGEN DAVID V
		STREET 2:		44 CHURCH ST
		CITY:			P O BOX HM2064
		STATE:			D0
		ZIP:			99999
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>AMENDMENT TO FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4/A</documentType>
    <periodOfReport>2003-07-24</periodOfReport>
    <dateOfOriginalSubmission>2003-07-24</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000783603</issuerCik>
        <issuerName>AMERICAN SAFETY INSURANCE GROUP LTD</issuerName>
        <issuerTradingSymbol>ASI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>

        <reportingOwnerId>
            <rptOwnerCik>0001244819</rptOwnerCik>
            <rptOwnerName>TREADWAY FREDERICK C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9406 PROMONTORY CIRCLE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>INDIANAPOLIS</rptOwnerCity>
            <rptOwnerState>IN</rptOwnerState>
            <rptOwnerZipCode>46236</rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
        <isDirector>1</isDirector>
        <isOfficer>0</isOfficer>
        <isTenPercentOwner>1</isTenPercentOwner>
        <isOther>0</isOther>
    </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>

        <securityTitle>
            <value>common stock</value>
        </securityTitle>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>188940</value>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>D</value>
            </directOrIndirectOwnership>
        </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>

        <securityTitle>
            <value>common stock</value>
        </securityTitle>
        <postTransactionAmounts>

            <sharesOwnedFollowingTransaction>
                <value>690727</value>
                <footnoteId id="F1"/>
            </sharesOwnedFollowingTransaction>
        </postTransactionAmounts>
        <ownershipNature>

            <directOrIndirectOwnership>
                <value>I</value>
            </directOrIndirectOwnership>

            <natureOfOwnership>
                <value>As general partner of Treadway Associates</value>
            </natureOfOwnership>
        </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>
    <footnotes>
        <footnote id="F1">This transaction was previously reported correctly.  This amendment is being filed solely for the purpose of reporting the indirect holdings.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Frederick C. Treadway, by power of attorney</signatureName>
        <signatureDate>2003-07-28</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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