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<n1:informationTable xmlns:n1="http://www.sec.gov/edgar/document/thirteenf/informationtable">
	<n1:infoTable>
		<n1:nameOfIssuer>AFFILIATED MANAGERS GROUP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>008252108</n1:cusip>
		<n1:value>4282</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25042</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25042</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ALLIED WRLD ASSUR COM HLDG A</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>H01531104</n1:cusip>
		<n1:value>3996</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>104688</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>104688</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AMAZON COM INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>023135106</n1:cusip>
		<n1:value>28611</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55892</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>55892</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ANHEUSER BUSCH INBEV SA/NV</n1:nameOfIssuer>
		<n1:titleOfClass>SPONSORED ADR</n1:titleOfClass>
		<n1:cusip>03524A108</n1:cusip>
		<n1:value>8718</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>81999</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>81999</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ASTORIA FINL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>046265104</n1:cusip>
		<n1:value>1418</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>88082</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>88082</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>AXIS CAPITAL HOLDINGS LTD</n1:nameOfIssuer>
		<n1:titleOfClass>SHS</n1:titleOfClass>
		<n1:cusip>G0692U109</n1:cusip>
		<n1:value>4835</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>90000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>90000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BERKLEY W R CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>084423102</n1:cusip>
		<n1:value>4958</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>91187</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>91187</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>BLACK KNIGHT FINL SVCS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>09214X100</n1:cusip>
		<n1:value>2470</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>75880</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>75880</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CBOE HLDGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12503M108</n1:cusip>
		<n1:value>1677</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CITIGROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM NEW</n1:titleOfClass>
		<n1:cusip>172967424</n1:cusip>
		<n1:value>2728</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>54988</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>54988</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CITIZENS FINL GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>174610105</n1:cusip>
		<n1:value>1624</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>68072</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>68072</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CNO FINL GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>12621E103</n1:cusip>
		<n1:value>477</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25336</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25336</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COMERICA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>200340107</n1:cusip>
		<n1:value>158</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>3852</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>3852</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CONAGRA FOODS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>205887102</n1:cusip>
		<n1:value>5746</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>141850</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>141850</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>COPART INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>217204106</n1:cusip>
		<n1:value>8225</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>250000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>250000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DISCOVER FINL SVCS</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>254709108</n1:cusip>
		<n1:value>5979</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>115000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>115000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>E TRADE FINANCIAL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM NEW</n1:titleOfClass>
		<n1:cusip>269246401</n1:cusip>
		<n1:value>1448</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>55000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EBAY INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>278642103</n1:cusip>
		<n1:value>2259</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>92446</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>92446</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EVERCORE PARTNERS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CLASS A</n1:titleOfClass>
		<n1:cusip>29977A105</n1:cusip>
		<n1:value>2996</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>59627</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>59627</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRST HORIZON NATL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>320517105</n1:cusip>
		<n1:value>281</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>19827</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>19827</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FIRST NIAGARA FINL GP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>33582V108</n1:cusip>
		<n1:value>4221</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>413400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>413400</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>FLAGSTAR BANCORP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM PAR .001</n1:titleOfClass>
		<n1:cusip>337930705</n1:cusip>
		<n1:value>514</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>25000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GALLAGHER ARTHUR J &amp; CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>363576109</n1:cusip>
		<n1:value>9527</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>230800</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>230800</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GOLDMAN SACHS GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>38141G104</n1:cusip>
		<n1:value>440</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2530</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2530</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GREAT WESTN BANCORP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>391416104</n1:cusip>
		<n1:value>3040</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>119838</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>119838</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HARTFORD FINL SVCS GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>416515104</n1:cusip>
		<n1:value>16481</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>360000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>360000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JAMES RIV GROUP LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>G5005R107</n1:cusip>
		<n1:value>1344</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>50000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>50000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JANUS CAP GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>47102X105</n1:cusip>
		<n1:value>2108</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>155000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>155000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KAR AUCTION SVCS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>48238T109</n1:cusip>
		<n1:value>16511</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>465100</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>465100</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KEYCORP NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>493267108</n1:cusip>
		<n1:value>5204</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>400000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>400000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>KLX INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>482539103</n1:cusip>
		<n1:value>11794</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>330000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>330000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LINCOLN NATL CORP IND</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>534187109</n1:cusip>
		<n1:value>10898</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>229635</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>229635</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LULULEMON ATHLETICA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>550021109</n1:cusip>
		<n1:value>13718</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>270842</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>270842</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LYON WILLIAM HOMES</n1:nameOfIssuer>
		<n1:titleOfClass>CL A NEW</n1:titleOfClass>
		<n1:cusip>552074700</n1:cusip>
		<n1:value>206</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MCDONALDS CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>580135101</n1:cusip>
		<n1:value>21719</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>220427</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>220427</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOHAWK INDS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>608190104</n1:cusip>
		<n1:value>6363</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MOLSON COORS BREWING CO</n1:nameOfIssuer>
		<n1:titleOfClass>CL B</n1:titleOfClass>
		<n1:cusip>60871R209</n1:cusip>
		<n1:value>16604</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>200000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>200000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NASDAQ INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>631103108</n1:cusip>
		<n1:value>1600</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>30000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>30000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NORDSTROM INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>655664100</n1:cusip>
		<n1:value>15986</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>222931</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>222931</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ONEBEACON INSURANCE GROUP LT</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>G67742109</n1:cusip>
		<n1:value>409</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>29106</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>29106</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ORITANI FINL CORP DEL</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>68633D103</n1:cusip>
		<n1:value>703</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>45000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>45000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PIPER JAFFRAY COS</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>724078100</n1:cusip>
		<n1:value>362</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>POPULAR INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM NEW</n1:titleOfClass>
		<n1:cusip>733174700</n1:cusip>
		<n1:value>6042</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>199876</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>199876</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROGRESSIVE CORP OHIO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>743315103</n1:cusip>
		<n1:value>3687</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>120325</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>120325</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RENAISSANCERE HOLDINGS LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>G7496G103</n1:cusip>
		<n1:value>821</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7718</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>7718</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>RLI CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>749607107</n1:cusip>
		<n1:value>268</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>5000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>5000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ROYAL CARIBBEAN CRUISES LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>V7780T103</n1:cusip>
		<n1:value>7210</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>80928</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>80928</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SANTANDER CONSUMER USA HDG I</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>80283M101</n1:cusip>
		<n1:value>1370</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>67100</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>67100</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SEI INVESTMENTS CO</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>784117103</n1:cusip>
		<n1:value>2028</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>42047</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>42047</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SELECTIVE INS GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>816300107</n1:cusip>
		<n1:value>311</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>10000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SPDR S&amp;P MIDCAP 400 ETF TR</n1:nameOfIssuer>
		<n1:titleOfClass>UTSER1 S&amp;PDCRP</n1:titleOfClass>
		<n1:cusip>78467Y107</n1:cusip>
		<n1:value>7559</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>30372</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>30372</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>STIFEL FINL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>860630102</n1:cusip>
		<n1:value>2629</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>62452</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>62452</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SYNOVUS FINL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM NEW</n1:titleOfClass>
		<n1:cusip>87161C501</n1:cusip>
		<n1:value>3777</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>127607</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>127607</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TEXAS ROADHOUSE INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>882681109</n1:cusip>
		<n1:value>1676</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>45055</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>45055</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TIFFANY &amp; CO NEW</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>886547108</n1:cusip>
		<n1:value>965</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>12500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>12500</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UMPQUA HLDGS CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>904214103</n1:cusip>
		<n1:value>2608</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>160000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>160000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>V F CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>918204108</n1:cusip>
		<n1:value>10232</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>150000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>150000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VAIL RESORTS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>91879Q109</n1:cusip>
		<n1:value>241</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>2306</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>2306</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VALIDUS HOLDINGS LTD</n1:nameOfIssuer>
		<n1:titleOfClass>COM SHS</n1:titleOfClass>
		<n1:cusip>G9319H102</n1:cusip>
		<n1:value>4146</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>92000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>92000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VCA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>918194101</n1:cusip>
		<n1:value>8698</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>165198</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>165198</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VIRTU FINL INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>928254101</n1:cusip>
		<n1:value>459</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>20035</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>20035</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>VOYA FINL INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>929089100</n1:cusip>
		<n1:value>1357</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>35000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WADDELL &amp; REED FINL INC</n1:nameOfIssuer>
		<n1:titleOfClass>CL A</n1:titleOfClass>
		<n1:cusip>930059100</n1:cusip>
		<n1:value>1739</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>50000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>50000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WALGREENS BOOTS ALLIANCE INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>931427108</n1:cusip>
		<n1:value>6107</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>73493</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>73493</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WESTERN ALLIANCE BANCORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>957638109</n1:cusip>
		<n1:value>4116</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>134025</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>134025</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WHIRLPOOL CORP</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>963320106</n1:cusip>
		<n1:value>11781</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>80000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>80000</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WILLIAMS SONOMA INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>969904101</n1:cusip>
		<n1:value>638</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>8362</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>8362</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>YUM BRANDS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>988498101</n1:cusip>
		<n1:value>8000</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>100067</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>100067</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>YUM BRANDS INC</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>988498101</n1:cusip>
		<n1:value>7995</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>100000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:putCall>Call</n1:putCall>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>100000</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ZIONS BANCORPORATION</n1:nameOfIssuer>
		<n1:titleOfClass>COM</n1:titleOfClass>
		<n1:cusip>989701107</n1:cusip>
		<n1:value>9675</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>351300</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>DFND</n1:investmentDiscretion>
		<n1:otherManager>1,2</n1:otherManager>
		<n1:votingAuthority>
			<n1:Sole>0</n1:Sole>
			<n1:Shared>351300</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
</n1:informationTable>
