The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ABBOTT LABS COM 002824100 542 14,107 SH   DFND 1 14,107 0 0
ALLIED WRLD ASSUR COM HLDG A SHS H01531104 3,874 72,125 SH   DFND 1 72,125 0 0
ALLSTATE CORP COM 020002101 1,898 25,602 SH   DFND 1 25,602 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 3,754 42,607 SH   DFND 1 42,607 0 0
ANNALY CAP MGMT INC COM 035710409 1,349 135,320 SH   DFND 1 135,320 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 1,264 19,180 SH   DFND 1 19,180 0 0
ASPEN INSURANCE HOLDINGS LTD SHS G05384105 1,733 31,507 SH   DFND 1 31,507 0 0
AT&T INC COM 00206R102 700 16,468 SH   DFND 1 16,468 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 844 64,846 SH   DFND 1 64,846 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 2,400 221,638 SH   DFND 1 221,638 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 1,819 140,284 SH   DFND 1 140,284 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 438 16,195 SH   DFND 1 16,195 0 0
COCA COLA CO COM 191216100 584 14,081 SH   DFND 1 14,081 0 0
CONIFER HLDGS INC COM 20731J102 1,074 131,722 SH   DFND 1 131,722 0 0
DELPHI AUTOMOTIVE PLC SHS G27823106 620 9,211 SH   DFND 1 9,211 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 838 17,031 SH   DFND 1 17,031 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 671 24,827 SH   DFND 1 24,827 0 0
ESSENT GROUP LTD COM G3198U102 1,865 57,605 SH   DFND 1 57,605 0 0
GENERAL ELECTRIC CO COM 369604103 627 19,846 SH   DFND 1 19,846 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 766 3,201 SH   DFND 1 3,201 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 5,963 125,146 SH   DFND 1 125,146 0 0
ILLINOIS TOOL WKS INC COM 452308109 689 5,627 SH   DFND 1 5,627 0 0
INVESCO TR INVT GRADE MUNS COM 46131M106 2,808 220,240 SH   DFND 1 220,240 0 0
JOHNSON & JOHNSON COM 478160104 627 5,442 SH   DFND 1 5,442 0 0
JPMORGAN CHASE & CO COM 46625H100 754 8,736 SH   DFND 1 8,736 0 0
KIMBERLY CLARK CORP COM 494368103 565 4,955 SH   DFND 1 4,955 0 0
KINSALE CAP GROUP INC COM 49714P108 776 22,825 SH   DFND 1 22,825 0 0
MICROSOFT CORP COM 594918104 674 10,843 SH   DFND 1 10,843 0 0
NAVIGATORS GROUP INC COM 638904102 2,186 18,565 SH   DFND 1 18,565 0 0
NORFOLK SOUTHERN CORP COM 655844108 797 7,376 SH   DFND 1 7,376 0 0
NUVEEN MTG OPPORTUNITY TERM COM 670735109 2,657 110,390 SH   DFND 1 110,390 0 0
OLD REP INTL CORP COM 680223104 3,238 170,403 SH   DFND 1 170,403 0 0
PROCTER & GAMBLE CO COM 742718109 464 5,520 SH   DFND 1 5,520 0 0
RADIAN GROUP INC COM 750236101 2,841 158,000 SH   DFND 1 158,000 0 0
SOUTHWEST AIRLS CO COM 844741108 852 17,087 SH   DFND 1 17,087 0 0
SPECTRA ENERGY PARTNERS LP COM 84756N109 601 13,109 SH   DFND 1 13,109 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 10,318 208,277 SH   DFND 1 208,277 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 4,397 76,600 SH   DFND 1 76,600 0 0
XL GROUP LTD COM G98294104 2,874 77,126 SH   DFND 1 77,126 0 0