8-K 1 htm_3023.htm LIVE FILING United America Indemnity, Ltd. (Form: 8-K)  

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   February 7, 2005

United America Indemnity, Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Cayman Islands 000-50511 98-0417107
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
Walker House, 87 Mary Street, P.O. Box 908GT, Cayman Islands, Cayman Islands   None
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (345) 949-0100

United National Group, Ltd.
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 1.02. Termination of a Material Definitive Agreement.

Due to the resignation of David R. Bradley, as set forth in Item 5.02 below, the Letter Agreement by and between Mr. Bradley and United America Indemnity, Ltd. (the "Company"), except for certain post-termination obligations, has been terminated effective February 7, 2005.





Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On February 7, 2005 the Company announced that it appointed Edward J. Noonan, a Director of the Company since December 2003, as acting CEO. The appointment follows the decision of David Bradley to resign as CEO and a director of the Company.

Pursuant to its established governance guidelines, the Company’s Board of Directors will constitute a Search Committee of the Board to identify a limited number of other qualified CEO candidates prior to the Board’s formal selection and appointment of the permanent CEO. The terms of Mr. Noonan's employment arrangment with the Company have not yet been determined.

Mr. Noonan, age 46, retired from American Re-Insurance Corporation in 2002. Mr. Noonan worked with American Re-Insurance from 1983 until March 2002. He served as President and CEO of that company from March 1997 through March 2002. Mr. Noonan also served as Chairman of Inter-Ocean Reinsurance Holdings of Hamilton, Bermuda from 1997 to 2002. Prior to joining American Re-Insurance, Mr. Noonan worked at Swiss Reinsurance from 1979 to 1983. Mr. Noonan received a B.S. in Finance from St. John’s University in 1979 (cum laude). Mr. Noonan is also a director of Central Insurance Group and St. Mary Medical Center Foundation.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    United America Indemnity, Ltd.
          
February 9, 2005   By:   /s/ Kevin L. Tate
       
        Name: Kevin L. Tate
        Title: Chief Financial Officer