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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBOTT LABS COM 002824100   674,711 5,918 SH   DFND 1 5,918 0 0
ALPHABET INC CAP STK CL C 02079K107   1,203,768 7,200 SH   DFND 1 7,200 0 0
AMAZON COM INC COM 023135106   896,061 4,809 SH   DFND 1 4,809 0 0
AMERICAN INTL GROUP INC COM NEW 026874784   6,393,858 87,312 SH   DFND 1 87,312 0 0
ARCH CAP GROUP LTD ORD G0450A105   8,004,119 71,542 SH   DFND 1 71,542 0 0
BERKLEY W R CORP COM 084423102   3,487,193 61,470 SH   DFND 1 61,470 0 0
BLACKSTONE INC COM 09260D107   2,021,469 13,201 SH   DFND 1 13,201 0 0
BOWHEAD SPECIALTY HLDGS INC COM SHS 10240L102   127,446 4,550 SH   DFND 1 4,550 0 0
BROADCOM INC COM 11135F101   1,897,500 11,000 SH   DFND 1 11,000 0 0
CHUBB LIMITED COM H1467J104   4,057,936 14,071 SH   DFND 1 14,071 0 0
COREBRIDGE FINL INC COM 21871X109   3,423,267 117,396 SH   DFND 1 117,396 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   473,649 16,271 SH   DFND 1 16,271 0 0
EQUITABLE HLDGS INC COM 29452E101   3,466,971 82,488 SH   DFND 1 82,488 0 0
EVEREST GROUP LTD COM G3223R108   3,421,255 8,757 SH   DFND 1 8,757 0 0
EXXON MOBIL CORP COM 30231G102   2,326,817 19,850 SH   DFND 1 19,850 0 0
FEDEX CORP COM 31428X106   437,888 1,600 SH   DFND 1 1,600 0 0
FIDELIS INSURANCE HOLDINGS L COM G3398L118   515,848 28,563 SH   DFND 1 28,563 0 0
GALLAGHER ARTHUR J & CO COM 363576109   6,832,226 24,282 SH   DFND 1 24,282 0 0
HAMILTON INSURANCE GROUP LTD CL B G42706104   1,905,415 98,522 SH   DFND 1 98,522 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104   7,000,618 59,524 SH   DFND 1 59,524 0 0
HOME DEPOT INC COM 437076102   1,013,000 2,500 SH   DFND 1 2,500 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106   1,501,437 79,023 SH   DFND 1 79,023 0 0
JPMORGAN CHASE & CO COM 46625H100   896,788 4,253 SH   DFND 1 4,253 0 0
LINCOLN NATL CORP IND COM 534187109   3,508,260 111,338 SH   DFND 1 111,338 0 0
MEDTRONIC PLC SHS G5960L103   658,389 7,313 SH   DFND 1 7,313 0 0
MICROSOFT CORP COM 594918104   1,739,273 4,042 SH   DFND 1 4,042 0 0
MORGAN STANLEY COM NEW 617446448   891,252 8,550 SH   DFND 1 8,550 0 0
NMI HOLDINGS INC COM 629209305   1,000,752 24,296 SH   DFND 1 24,296 0 0
NU HLDGS LTD ORD SHS CL A G6683N103   377,068 27,624 SH   DFND 1 27,624 0 0
NXP SEMICONDUCTORS N V COM N6596X109   1,368,057 5,700 SH   DFND 1 5,700 0 0
OREILLY AUTOMOTIVE INC COM 67103H107   1,381,920 1,200 SH   DFND 1 1,200 0 0
PALOMAR HLDGS INC COM 69753M105   834,989 8,820 SH   DFND 1 8,820 0 0
PROGRESSIVE CORP COM 743315103   8,893,273 35,046 SH   DFND 1 35,046 0 0
QUALCOMM INC COM 747525103   599,426 3,525 SH   DFND 1 3,525 0 0
RENAISSANCERE HLDGS LTD COM G7496G103   3,749,041 13,763 SH   DFND 1 13,763 0 0
STRYKER CORPORATION COM 863667101   780,322 2,160 SH   DFND 1 2,160 0 0
TECK RESOURCES LTD CL B 878742204   1,008,232 19,300 SH   DFND 1 19,300 0 0
TRAVELERS COMPANIES INC COM 89417E109   3,395,911 14,505 SH   DFND 1 14,505 0 0
UNION PAC CORP COM 907818108   735,743 2,985 SH   DFND 1 2,985 0 0