AmerInst Insurance Group Enters Into New Agreement to Provide Professional Liability Insurance to Accounting Firms

HAMILTON, BERMUDA, Oct 08 (MARKET WIRE) --
AmerInst Insurance Group, Ltd. ("AmerInst") today announced an agreement
with certain insurance companies of Crum & Forster Holdings Corp. ("C&F")
to provide professional liability insurance to accounting firms. C&F
insurance companies are rated A (Excellent) by A. M. Best Company.

AmerInst's recently formed subsidiary, AmerInst Professional Services,
Ltd. ("APSL"), will deliver marketing, underwriting, application and other
services to insureds and C&F insurance companies. The professional
liability program will utilize an internet-based channel to create an ease
in doing business with customers. AmerInst Insurance Company, Ltd. will
also provide reinsurance to C&F insurance companies for this book of
professional liability business.

APSL will be headquartered in Chicago, under the direction of Kyle Nieman,
a 25 year veteran of the insurance industry who has been named Chief
Executive Officer. Most recently, he was senior vice president of
distribution strategy at CNA where he managed agency/broker relationships
and cross-sell strategies. In his new role at APSL, he will be joined by
other experienced professionals who have developed technology-based
systems and marketing programs for professional liability products.

"We are excited about this new venture and the addition of a highly
regarded market expert such as Kyle to our leadership team," says Irvin F.
Diamond, CPA, and AmerInst Chairman. "We believe this new agreement is in
the best interests of our shareholders and is in line with AmerInst's
mission of providing financial protection to future generations of CPA
firms. As part of our future business strategy, we plan to expand this
program to include other non-healthcare professional service firms."

"In our view, APSL's markets are overpriced and underserved by present
carriers," comments Diamond. "By using technology to streamline the
underwriting and application process, we anticipate passing along
substantial savings to our customers."

For more information about the program, email Kyle.Nieman@amerinstpro.com
or visit www.amerinstpro.com

About AmerInst Insurance Group

AmerInst Insurance Group, Ltd. (www.amerinst.bm) is a Bermuda corporation
organized in July 1998. AmerInst is an insurance holding company with
three principal subsidiaries: AmerInst Insurance Company, Ltd., AmerInst
Investment Company, Ltd., and AmerInst Mezco, Ltd. AmerInst Insurance
Company, Ltd. reinsures accountants' professional liability insurance
policies. Most of the shareholders of AmerInst are Certified Public
Accountants (CPA) or with CPA firms. AmerInst is a company that provides
availability of insurance for the CPA profession, and that engages in
investment activities.

Media Contact:
Barbara A. Bauer
Bauer Marketing & Communications
845-294-3550
Email Contact

Copyright 2009, Market Wire, All rights reserved.

-0-