The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| ACE LTD | SHS | H0023R105 | 14,838 | 143,500 | SH | SOLE | 143,500 | 0 | 0 | ||
| ALLSTATE CORP | COM | 020002101 | 13,645 | 234,290 | SH | SOLE | 234,290 | 0 | 0 | ||
| ASSURED GUARANTY LTD | COM | G0585R106 | 16,162 | 646,480 | SH | SOLE | 646,480 | 0 | 0 | ||
| ATLAS FINANCIAL HOLDINGS INC | SHS NEW | G06207115 | 2,313 | 125,000 | SH | SOLE | 125,000 | 0 | 0 | ||
| EMC INS GROUP INC | COM | 268664109 | 5,577 | 240,265 | SH | SOLE | 240,265 | 0 | 0 | ||
| FEDERATED NATL HLDG CO | COM | 31422T101 | 9,008 | 375,023 | SH | SOLE | 375,023 | 0 | 0 | ||
| FIDELITY & GTY LIFE | COM | 315785105 | 10,529 | 429,073 | SH | SOLE | 429,073 | 0 | 0 | ||
| GALLAGHER ARTHUR J & CO | COM | 363576109 | 9,639 | 233,493 | SH | SOLE | 233,493 | 0 | 0 | ||
| GLOBAL INDEMNITY PLC | SHS | G39319101 | 7,846 | 299,824 | SH | SOLE | 299,824 | 0 | 0 | ||
| LINCOLN NATL CORP IND | COM | 534187109 | 16,382 | 345,178 | SH | SOLE | 345,178 | 0 | 0 | ||
| METLIFE INC | COM | 59156R108 | 15,846 | 336,070 | SH | SOLE | 336,070 | 0 | 0 | ||
| NATIONAL GEN HLDGS CORP | COM | 636220303 | 6,018 | 312,000 | SH | SOLE | 312,000 | 0 | 0 | ||
| PRINCIPAL FINL GROUP INC | COM | 74251V102 | 7,101 | 150,000 | SH | Call | SOLE | 150,000 | 0 | 0 | |
| PROASSURANCE CORP | COM | 74267C106 | 9,815 | 200,029 | SH | SOLE | 200,029 | 0 | 0 | ||
| PRUDENTIAL FINL INC | COM | 744320102 | 14,526 | 190,600 | SH | SOLE | 190,600 | 0 | 0 | ||
| RADIAN GROUP INC | COM | 750236101 | 5,360 | 336,902 | SH | SOLE | 336,902 | 0 | 0 | ||
| REINSURANCE GROUP AMER INC | COM NEW | 759351604 | 5,435 | 60,000 | SH | Call | SOLE | 60,000 | 0 | 0 | |
| SAFETY INS GROUP INC | COM | 78648T100 | 15,831 | 292,362 | SH | SOLE | 292,362 | 0 | 0 | ||
| STATE AUTO FINL CORP | COM | 855707105 | 4,614 | 202,261 | SH | SOLE | 202,261 | 0 | 0 | ||
| TOWERS WATSON & CO | CL A | 891894107 | 5,282 | 45,000 | SH | SOLE | 45,000 | 0 | 0 | ||
| TOWERS WATSON & CO | CL A | 891894107 | 7,829 | 66,700 | SH | Call | SOLE | 66,700 | 0 | 0 | |
| UNIVERSAL INS HLDGS INC | COM | 91359V107 | 7,742 | 262,077 | SH | SOLE | 262,077 | 0 | 0 | ||
| UNUM GROUP | COM | 91529Y106 | 13,153 | 410,000 | SH | SOLE | 410,000 | 0 | 0 | ||
| VOYA FINL INC | COM | 929089100 | 13,271 | 342,300 | SH | SOLE | 342,300 | 0 | 0 | ||