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                                                                    Exhibit 99.1
[GRAPHIC OMITTED][GRAPHIC OMITTED]
BALDWIN & LYONS, INC.
PROTECTIVE INSURANCE COMPANY
SAGAMORE INSURANCE COMPANY
B & L INSURANCE, LTD. (BERMUDA)
[OBJECT OMITTED]
1099 North Meridian Street
Indianapolis, IN 46204
(317) 636-9800


Subject:  Officer and Director Changes

February 7, 2007

Press Contact: G. Patrick Corydon
(317) 636-9800 (ext. 355)
corydon@baldwinandlyons.com


INDIANAPOLIS,  INDIANA,  FEBRUARY 7, 2007--Baldwin & Lyons, Inc. (NASD: BWINA,
BWINB) today announced that Mr. James W. Good,  Executive  Vice  President of
Baldwin and Lyons,  Inc. and President of its subsidiary insurance company,
Protective  Insurance Company, has announced his retirement from the Company
effective May, 2007,  after 42 years of service.  Following his retirement from
a full time position,  Mr. Good will remain with the Company in a consulting
capacity.  Mr. Good,  a director of Baldwin & Lyons,  Inc.,  will not stand for
re-election following the May expiration of his present term.

Joseph J. DeVito has been  elected to the  position of President  and Chief
Operating  Officer of Baldwin and Lyons, Inc. by the Board of Directors at their
meeting on February  6, 2007.  Mr. DeVito has been employed by Baldwin and
Lyons, Inc. in various capacities since 1981 and has been a director of the
Company since 1997. He most recently served as Executive Vice President of
Baldwin and Lyons, Inc. and President of its subsidiary company, Sagamore
Insurance Company.  Gary W. Miller will remain Chief Executive Officer of
Baldwin & Lyons, Inc. and Chairman of the Board of Directors.

Mr. Steven A. Shapiro was nominated by the Board of Directors for shareholder
election in May, 2007 to fill the vacant seat on the company's Board of
Directors caused by Mr. Good's decision to not stand for reelection. Mr.
Shapiro, 42, is a professional money manager with the firm of SF Investments in
Highland Park, IL. Mr. Shapiro is also a member of Millennium Asset Advisers,
the General Partner in a series of investment limited partnerships, including
the New Vernon Insurance Fund, formed in 1999 to focus on investments in the
property & casualty industry. Since 2004, Mr. Shapiro has served on the Board of
Directors of First Mercury Financial Corporation, a publicly traded insurance
company, where he serves as the chair of the Compensation Committee. From 1989
to 1991, Mr. Shapiro was employed at Arthur Andersen & Co. as a consultant. He
received a B.A. in Economics from Emory University in 1987, and an M.B.A. from
Northwestern University in 1989.

The other 12 incumbent directors have been re-nominated.

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About the company:
Baldwin & Lyons, Inc., based in Indianapolis, Indiana, is a specialty
property-casualty insurer with a leading position in providing liability
coverage for large and medium-sized trucking fleets. Additionally, the company's
product offerings include coverage for non-standard private passenger automobile
and small fleet trucking as well as a limited program of reinsurance assumed.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS IN THIS REPORT ARE MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. INVESTORS
ARE CAUTIONED THAT SUCH FORWARD-LOOKING STATEMENTS INVOLVE INHERENT RISKS AND
UNCERTAINTIES. READERS ARE ENCOURAGED TO REVIEW THE COMPANY'S ANNUAL REPORT FOR
ITS FULL STATEMENT REGARDING FORWARD-LOOKING INFORMATION.