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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,
 CSDy617VH9rNRatoebgkZtr29J8QXl0EXAqFCIP82wrhJdl3zV+6Qfk5cCeEoyAD
 xsVdTNTGlvNu/9RMaPXu2g==

<SEC-DOCUMENT>0001209191-07-007163.txt : 20070202
<SEC-HEADER>0001209191-07-007163.hdr.sgml : 20070202
<ACCEPTANCE-DATETIME>20070202161134
ACCESSION NUMBER:		0001209191-07-007163
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070130
FILED AS OF DATE:		20070202
DATE AS OF CHANGE:		20070202

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Callahan Thomas M
		CENTRAL INDEX KEY:			0001388481

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14795
		FILM NUMBER:		07576691

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		441-296-8561

	MAIL ADDRESS:	
		STREET 1:		44 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM HX

ISSUER:		

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

	BUSINESS ADDRESS:	
		STREET 1:		44 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM HX
		BUSINESS PHONE:		4412968560

	MAIL ADDRESS:	
		STREET 1:		44 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM HX

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN SAFETY INSURANCE GROUP LTD
		DATE OF NAME CHANGE:	19971218
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>g05346_boa01tc.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-01-30</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000783603</issuerCik>
        <issuerName>AMERICAN SAFETY INSURANCE HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>ASI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001388481</rptOwnerCik>
            <rptOwnerName>Callahan Thomas M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>44 CHURCH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HAMILTON</rptOwnerCity>
            <rptOwnerState>D0</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>BERMUDA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Senior Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options Granted</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>19.05</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2011-10-03</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2016-10-30</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Share Options</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person was granted options to purchase Common Shares which vest 100% on October 30, 2011.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Thomas Callahan</signatureName>
        <signatureDate>2007-02-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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