Atlas Ratings Affirmed By A.M. Best Co.

    




 CHICAGO, Jan. 30, 2012 /CNW/ - Atlas Financial Holdings, Inc.  announced today that A.M. Best Co.  affirmed the financial strength rating of Atlas' operating subsidiaries  American Country Insurance Company ("ACIC") and American Service  Insurance Company, Inc. ("ASI") as "B".  Both companies are members of  the American Service Pool. The outlook assigned to all ratings is  "Stable". 

 "In a year where A.M. Best Co. has been quoted as saying that they  expect negative rating actions to outweigh positive actions in the  commercial insurance space, we are pleased to have received this  affirmation and believe it reflects the positive direction of our  operations over the past year," said Scott D. Wollney, President & CEO  of Atlas.  "We are committed to maintaining an informative dialogue  with A.M. Best Co. as we continue to execute our business strategy." 

 A.M. Best Co. also affirmed the issuer credit ratings ("ICR") of ACIC  and ASI as "bb", and affirmed Atlas' ICR as "b-". The outlook assigned  to these ratings is "Stable". 

 About Atlas: 

 The primary business of Atlas is commercial automobile insurance in the  United States, with a niche market orientation and focus on insurance  for the "light" commercial automobile sector including taxi cabs,  non-emergency paratransit, limousine/livery and business auto. The  business of Atlas is carried on through its operating insurance  subsidiaries American Country Insurance Company and American Service  Insurance Company, Inc. Atlas' operating insurance subsidiaries have  decades of experience with a commitment to always be an industry leader  in these specialized areas of insurance. 

 Additional information about Atlas, including a copy of the Company's  most recent financial statements and MD&A, can be accessed on the  Canadian Securities Administrators' website at www.sedar.com or through  the Company's website at www.atlas-fin.com. 

 Notice regarding forward-looking statements: 

 This release includes forward-looking statements regarding the Company  and its subsidiaries and businesses. Such statements are based on the  current expectations of the management of each entity. The words  "anticipate", "expect", "believe", "may", "should", "estimate",  "project", "outlook", "forecast" or similar words are used to identify  such forward looking information.  The forward-looking events and  circumstances discussed in this release may not occur and could differ  materially as a result of known and unknown risk factors and  uncertainties affecting the companies, including risks regarding the  insurance industry, economic factors and the equity markets generally  and the risk factors discussed in the "Risk Factors" section of our  Management Discussion and Analysis and Annual Report for the year ended  December 31, 2010 . No forward-looking statement can be guaranteed.  Except as required by applicable securities laws, forward-looking  statements speak only as of the date on which they are made and the  Company and its subsidiaries undertake no obligation to publicly update  or revise any forward-looking statement, whether as a result of new  information, future events, or otherwise. 

 Neither TSX Venture Exchange nor its Regulation Services Provider (as  that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 

Atlas Financial Holdings, Inc.


CONTACT:  Scott Wollney, Chief Executive Officer of Atlas FinancialHoldings,Inc. at 847-700-8600 


    

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