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                                                                    Exhibit 99.2

I Murray Nicol, Vice President and CFO of the AmerInst Insurance Group, Ltd.
certify that:

     1.   I have reviewed this year-end report on Form 10-K of AmerInst
          Insurance Group, Ltd;

     2.   based on my knowledge, the report does not contain any untrue
          statement of a material fact or omit to state a material fact
          necessary in order to make the statements made, in light of the
          circumstances under which such statements were made, not misleading
          with respect to the period covered by the report;

     3.   based on my knowledge, the financial statements, and other financial
          information included in the report, fairly present in all material
          respects the financial condition, results of operations and cash flows
          of the issuer as of, and for, the periods presented in the report;

     4.   The other certifying officer and I are responsible for establishing
          and maintaining "disclosure controls and procedures" (as defined in
          Section 302(a)(4) of the Act) for the issuer;

          a.   have designed such disclosure controls and procedures to ensure
               that material information is made known to them, particularly
               during the period in which the periodic report is being prepared;

          b.   have evaluated the effectiveness of the issuer's disclosure
               controls and procedures as of a date within 90 days prior to the
               filing date of the report; and

          c.   have presented in the report their conclusions about the
               effectiveness of the disclosure controls and procedures based on
               the required evaluation as of that date;

     5.   The other certifying officer and I have disclosed to the issuer's
          auditors and to the audit committee of the Board of Directors:

          a.   all significant deficiencies in the design or operation of
               internal control which could adversely affect the issuer's
               ability to record, process, summarize and report financial data
               and have identified for the issuer's auditors any material
               weaknesses in internal controls; and

          b.   any fraud, whether or not material, that involves management or
               other employees who have a significant role in the issuer's
               internal controls; and

     6.   The other certifying officer and I have indicated in the report
          whether or not there were significant changes in internal controls or
          in other factors that could significantly affect internal controls
          subsequent to the most recent date of their evaluation, including any
          corrective actions with regard to significant deficiencies and
          material weaknesses.

Date: March 31, 2003                             By: /s/ Murray Nicol
      -----------------                              --------------------
                                                     Murray Nicol
                                                     Vice President & CFO