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
AFLAC INC COM 001055102 1,198 35,000 SH   SOLE   35,000 0 0
ALLEGHANY CORP DEL COM 017175100 1,876 3,397 SH   SOLE   3,397 0 0
ALLSTATE CORP COM 020002101 3,380 36,847 SH   SOLE   36,847 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 1,416 58,400 SH   SOLE   58,400 0 0
ARCH CAP GROUP LTD ORD G0450A105 1,708 60,000 SH   SOLE   60,000 0 0
ARGO GROUP INTL HLDGS LTD COM G0464B107 5,165 139,381 SH   SOLE   139,381 0 0
BERKLEY W R CORP COM 084423102 1,043 20,000 SH   SOLE   20,000 0 0
BRP GROUP INC COM CL A 05589G102 1,375 130,372 SH   SOLE   130,372 0 0
ENSTAR GROUP LIMITED SHS G3075P101 1,226 7,709 SH   SOLE   7,709 0 0
GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 561 94,205 SH   SOLE   94,205 0 0
INTL GNRL INSURANCE HLDNGS L SHS G4809J106 1,259 157,347 SH   SOLE   157,347 0 0
JAMES RIV GROUP LTD COM G5005R107 2,967 81,868 SH   SOLE   81,868 0 0
MGIC INVT CORP WIS COM 552848103 794 125,000 SH   SOLE   125,000 0 0
PROGRESSIVE CORP OHIO COM 743315103 1,477 20,000 SH   SOLE   20,000 0 0
REINSURANCE GRP OF AMERICA I COM NEW 759351604 1,052 12,500 SH   SOLE   12,500 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 2,174 14,556 SH   SOLE   14,556 0 0
THIRD PT REINS LTD COM G8827U100 620 83,680 SH   SOLE   83,680 0 0