.
                                                                               .
                                                                               .
                                                                   EXHIBIT 21.1

Subsidiaries of the Registrant



SUBSIDIARY                                       STATE OF FORMATION

                                                  
American Safety Insurance Company                    Georgia
American Southern Insurance Company                  Kansas
Association Casualty Insurance Company               Texas
Association Risk Management General Agency           Texas
Bankers Fidelity Life Insurance Company              Georgia
Georgia Casualty & Surety Company                    Georgia
Self-Insurance Administrators, Inc.                  Georgia
Atlantic American Statutory Trust I                  Connecticut