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United America Indemnity, Ltd. Reports Third Quarter 2007 Results and Share Repurchase Program
Date:10/24/2007

premiums written for the nine months ended September 30, 2007 decreased 1.6%, and net premiums written for the nine months ended September 30, 2007 increased 7.3%, compared with the same period in 2006.

Programs - Gross premiums written and net premiums written for the nine months ended September 30, 2007 decreased 8.9% and 0.9% compared with the same period in 2006. The reduction in gross premiums written primarily related to a decrease in a 100% reinsured property program combined with a reduction in Umbrella business. The decline in net premiums written is primarily due to reductions in non-owned auto business.

Specialty Brokerage - Gross premiums written and net premiums written for the nine months ended September 30, 2007 increased 46.3% and 65.6% respectively, compared with the same period in 2006. The increase in gross and net premiums written related primarily to growth in the Company's property and allied health brokerage products.

Wind River Reinsurance Company, Ltd. ("Wind River"): Gross premiums written and net premiums written for the nine months ended September 30, 2007 increased $19.0 million and $9.0 million, respectively, compared with the same period in 2006. The increase in gross and net premiums written resulted from Wind River having entered into two third-party reinsurance treaties effective January 1, 2007 and an additional third-party treaty effective June 1, 2007. During the nine months ended September 30, 2006, Wind River did not bind third-party reinsurance products.

Share Repurchase Program

The Company plans to repurchase up to $50 million in common shares over the next 12 months. The timing and amount of the repurchase transactions under this program will depend on market conditions and other factors.

About United America Indemnity Group, Ltd.

United America Indemnity, Ltd. (Nasdaq: '/>"/>

SOURCE United America Indemnity, Ltd.
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