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SUA Insurance Company Announces Partnership With American Safety Indemnity Company

Tuesday, June 10, 2008 General News J E 4
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CHICAGO, June 9 Specialty Underwriters'Alliance, Inc. (Nasdaq: SUAI) announced that its subsidiary, SUA InsuranceCompany ("SUA"), has entered into a quota share arrangement with AmericanSafety Indemnity Co. to provide general liability to companies engaged in theautomobile repossession business.

Courtney Smith, president and chief executive officer of SUA, stated, "Weare delighted to enter into a second arrangement with American Safety,expanding the programs where we can write accounts requiring A-rated paper.We are excited about this new program opportunity with AEON in the collateralrecovery (repossession) customer segment."

Brad Isaacson, Director of Program Business at American Safety InsuranceServices, Inc., American Safety Indemnity Co.'s administrative serviceprovider noted, "American Safety is pleased to expand its relationship withSUA. This helps to meets our corporate diversification strategy of targetingvery specific market segments and aligning ourselves with underwriting anddistribution partners that provide very detailed industry expertise".

About Specialty Underwriters' Alliance, Inc.

Specialty Underwriters' Alliance, Inc., through its subsidiary SUAInsurance Company, is a specialty property and casualty insurance company thatprovides commercial insurance products through exclusive wholesale partneragents that serve niche groups of insureds. These targeted customers requirehighly specialized knowledge due to their unique risk characteristics.Examples include tow trucks, building contractors, professional employeeorganizations and public entities. SUA's innovative approach providesproducts and claims handling, allowing the partner agent to focus ondistribution and customer relationships.

About American Safety

American Safety offers innovative insurance solutions in the alternativeinsurance market for environmental remediation, contracting and otherspecialty risks underwritten by American Safety Casualty Insurance Company,American Safety Indemnity Company and American Safety Risk Retention Group,Inc., each of which is a subsidiary or affiliate of American Safety InsuranceHoldings, Ltd. (NYSE: ASI), a Bermuda-based holding company. The AmericanSafety companies, as a group, are rated "A" (Excellent) VIII by A.M. Best.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safeharbor" for forward-looking statements. This release or any other written ororal statements made by or on behalf of the company may includeforward-looking statements that reflect the company's current views withrespect to future events and financial performance. All statements other thanstatements of historical fact included in this release are forward-lookingstatements. Forward-looking statements can generally be identified by the useof forward-looking terminology such as "may," "will," "plan," "expect,""intend," "estimate," "anticipate," "believe" or "continue" or their negativeor variations or similar terminology. All forward-looking statements addressmatters that involve risks and uncertainties. Accordingly, there are or willbe important factors that could cause our actual results to differ materiallyfrom those indicated in these statements. We believe that these factorsinclude but are not limited to ineffectiveness or obsolescence of our businessstrategy due to changes in current or future market conditions; increasedcompetition on the basis of pricing, capacity, coverage terms or otherfactors; greater frequency or severity of claims and loss activity, includingas a result of natural or man-made catastrophic events, than our underwriting,reserving or investment practices anticipate based on historical experience orindustry data; the effects of acts of terrorism or war; developments in theworld's financial and capital markets that adversely affect the performance ofour inv
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