United America Indemnity, Ltd.

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Website: N/A
Stock Symbol: NASDAQ: INDM
Market Value: N/A (in millions)

Some of the information contained in this Item 1 or set forth elsewhere in this report, including information with respect to our plans and strategy, constitutes forward-looking statements that involve risks and uncertainties. Please see “Cautionary Note Regarding Forward-Looking Statements” at the end of Item 7 of Part II and “Risk Factors” in Item 1A of Part I for more information. You should review “Risk Factors” in Item 1A of Part I for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained herein. Recent Developments On January 28, 2008, our shareholders approved an amendment to the United America Indemnity, Ltd. Share Incentive Plan (the “Share Incentive Plan”) that allows for the repricing, without shareholder approval, of stock options and other stock-based awards granted under the Share Incentive Plan.     

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