-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 tX9qc2sMUSblTx9P9h03wA==

<SEC-DOCUMENT>0001454220-10-000003.txt : 20100112
<SEC-HEADER>0001454220-10-000003.hdr.sgml : 20100112
<ACCEPTANCE-DATETIME>20100112100042
ACCESSION NUMBER:		0001454220-10-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100112
DATE AS OF CHANGE:		20100112
EFFECTIVENESS DATE:		20100112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALPHA INSURANCE ANALYSTS LTD
		CENTRAL INDEX KEY:			0001454220
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-126117
		FILM NUMBER:		10521710

	BUSINESS ADDRESS:	
		STREET 1:		150 MINORIES
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3N 1LS
		BUSINESS PHONE:		020 7264 2133

	MAIL ADDRESS:	
		STREET 1:		150 MINORIES
		CITY:			LONDON
		STATE:			X0
		ZIP:			EC3N 1LS
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001454220</cik>
        <entityName>ALPHA INSURANCE ANALYSTS LTD</entityName>
        <issuerAddress>
            <street1>150 MINORIES</street1>
            <city>LONDON</city>
            <stateOrCountry>X0</stateOrCountry>
            <zipCode>EC3N 1LS</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>020 7264 2133</issuerPhoneNumber>
        <jurisdictionOfInc>UNITED KINGDOM</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <middleName>James</middleName>
                <lastName>Sparrow</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eye Kettleby Hall</street1>
                <city>Melton Mowbray</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>LE14 2TD</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Emma</firstName>
                <middleName>Louise</middleName>
                <lastName>Royds</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>45 Alderbrook Road</street1>
                <city>LONDON</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>SW12 8AD</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Alan</firstName>
                <middleName>Charles</middleName>
                <lastName>Lovell</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>The Palace House</street1>
                <street2>Bishops Lane</street2>
                <city>Bishops Waltham</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>SO32 1DP</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>Samuel</middleName>
                <lastName>Richards</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Lower Hope</street1>
                <street2>Ullingswick</street2>
                <city>Hereford</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>HR1 3JF</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <middleName>John</middleName>
                <lastName>Meacock</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6 Windhill</street1>
                <city>Bishops Stortford</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>CM23 2NG</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Emily</firstName>
                <middleName>Lisa</middleName>
                <lastName>Apple</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>31 Mountfield Road</street1>
                <city>LONDON</city>
                <stateOrCountry>X0</stateOrCountry>
                <zipCode>N3 3NR</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Banking and Financial Services</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Not Applicable</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isOtherType>true</isOtherType>
            <descriptionOfOtherType>We help Lloyd's members to secure the right to participate in Lloyd's insurance underwriting syndicates and advise on this. In our view and that of Lloyd's these arrangements do not involve an offer, sale or issuance of a security. See faxed footnotes.</descriptionOfOtherType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>N-A</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>N-A</street1>
                    <city>N-A</city>
                    <stateOrCountry>XX</stateOrCountry>
                    <zipCode>N-A</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>AL</state>
                    <state>AZ</state>
                    <state>CA</state>
                    <state>CT</state>
                    <state>ID</state>
                    <state>LA</state>
                    <state>ME</state>
                    <state>NV</state>
                    <state>NJ</state>
                    <state>PA</state>
                    <state>TX</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>0</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Individual members pledge entire personal wealth to satisfy claims on policies underwritten.A limited liability vehicle is liable for a limited liablity member.Assets are provided by members to support underwriting as determined by Lloyd's. See footnotes.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>13</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Fees incurred by us in connection with the execution of the members' agent's agreement (which sets out our relationship with a Lloyd's member) are minimal and do not exceed $5,000.   See footnote.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Deposits by members relating to Lloyd's underwriting business are placed on deposit.  These with revenue from underwriting and an individual members net worth or a limited liability vehicles assets are available for insurance expenses/claims. See footnote</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>ALPHA INSURANCE ANALYSTS LTD</issuerName>
                <signatureName>A J Sparrow</signatureName>
                <nameOfSigner>Andrew James Sparrow</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-01-12</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----