Edgar Filing: UNITED AMERICA INDEMNITY, LTD

Schedule 13G Amendment No. 3

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

(RULE 13D-102)

INFORMATION STATEMENT PURSUANT TO RULE 13D-1

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO. 3)

United America Indemnity, Ltd.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

90933T109

(CUSIP Number)

December 31, 2006

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)


CUSIP No. 90933T109				Page 1 of 8 Pages


1)		Names of Reporting Persons IRS Identification No. Of Above Persons

		The PNC Financial Services Group, Inc. 25-1435979
2)		Check the Appropriate Box if a Member of a Group (See Instructions)
		a) ¨
		b) ¨
3)		SEC USE ONLY

4)		Citizenship or Place of Organization

		Pennsylvania


Number of Shares Beneficially Owned By Each Reporting Person With		5) Sole Voting Power

		633
		6) Shared Voting Power

		2,487,569
		7) Sole Dispositive Power

		633
		8) Shared Dispositive Power

		2,487,569


9)	Aggregate Amount Beneficially Owned by Each Reporting Person

	2,488,202*
10)	Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions	¨

11)	Percent of Class Represented by Amount in Row (9)

	10.20
12)	Type of Reporting Person (See Instructions)

	HC

*	See the response to Item 6.


CUSIP No. 90933T109				Page 2 of 8 Pages


1)		Names of Reporting Persons IRS Identification No. Of Above Persons

		PNC Bancorp, Inc. 51-0326854
2)		Check the Appropriate Box if a Member of a Group (See Instructions)
		a) ¨
		b) ¨
3)		SEC USE ONLY

4)		Citizenship or Place of Organization

		Delaware


Number of Shares Beneficially Owned By Each Reporting Person With		5) Sole Voting Power

		-0-
		6) Shared Voting Power

		2,487,569
		7) Sole Dispositive Power

		-0-
		8) Shared Dispositive Power

		2,487,569


9)	Aggregate Amount Beneficially Owned by Each Reporting Person

	2,487,569*
10)	Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions	¨

11)	Percent of Class Represented by Amount in Row (9)

	10.20
12)	Type of Reporting Person (See Instructions)

	HC

*	See the response to Item 6.


CUSIP No. 90933T109				Page 3 of 8 Pages


1)		Names of Reporting Persons IRS Identification No. Of Above Persons

		PNC Bank, National Association 22-1146430
2)		Check the Appropriate Box if a Member of a Group (See Instructions)
		(a) ¨
		(b) ¨
3)		SEC USE ONLY

4)		Citizenship or Place of Organization

		United States


Number of Shares Beneficially Owned By Each Reporting Person With		5) Sole Voting Power

		-0-
		6) Shared Voting Power

		2,487,569
		7) Sole Dispositive Power

		-0-
		8) Shared Dispositive Power

		2,487,569


9)	Aggregate Amount Beneficially Owned by Each Reporting Person

	2,487,569*
10)	Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions	¨

11)	Percent of Class Represented by Amount in Row (9)

	10.20
12)	Type of Reporting Person (See Instructions)

	BK

*	See the response to Item 6.


CUSIP No. 90933T109				Page 4 of 8 Pages


1)		Names of Reporting Persons IRS Identification No. Of Above Persons

		J.J.B. Hilliard, W.L. Lyons, Inc. 61-0734935
2)		Check the Appropriate Box if a Member of a Group (See Instructions)
		a) ¨
		b) ¨
3)		SEC USE ONLY

4)		Citizenship or Place of Organization

		Kentucky


Number of Shares Beneficially Owned By Each Reporting Person With		5) Sole Voting Power

		633
		6) Shared Voting Power

		-0-
		7) Sole Dispositive Power

		633
		8) Shared Dispositive Power

		-0-


9)	Aggregate Amount Beneficially Owned by Each Reporting Person

	633
10)	Check if the Aggregate Amount in Row (9) Excludes Certain Shares See Instructions	¨

11)	Percent of Class Represented by Amount in Row (9)

	Less than 0.01
12)	Type of Reporting Person (See Instructions)

	IA


				Page 5 of 8 Pages

ITEM 1

(a) -

NAME OF ISSUER:

United America Indemnity, Ltd.

ITEM 1

(b) -

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

Walker House, 87 Mary Street, P.O. Box 908GT

Georgetown, Grand Cayman

Cayman Islands

ITEM 2

(a) -

NAME OF PERSON FILING:

The PNC Financial Services Group, Inc.; PNC Bancorp, Inc.;

PNC Bank, National Association; and J.J.B. Hilliard, W.L. Lyons, Inc.

ITEM 2

(b) -

ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The PNC Financial Services Group, Inc. - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707

PNC Bancorp, Inc. - 300 Delaware Avenue, Suite 304, Wilmington, DE 19801

PNC Bank, National Association - One PNC Plaza, 249 Fifth Avenue, Pittsburgh, PA 15222-2707

J.J.B. Hilliard, W.L. Lyons, Inc. - 500 West Jefferson Street, Louisville, KY 40202-2823

ITEM 2

CITIZENSHIP:

The PNC Financial Services Group, Inc. - Pennsylvania

PNC Bancorp, Inc. - Delaware

PNC Bank, National Association - United States

J.J.B. Hilliard, W.L. Lyons, Inc. - Kentucky

ITEM 2

(d) -

TITLE OF CLASS OF SECURITIES:

Class A Common

ITEM 2

(e) -

CUSIP NUMBER:

90933T109

ITEM 3 -

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR 13d-2(b), CHECK WHETHER THE PERSON FILING IS A:

(a)

Broker or dealer registered under Section 15 of the Exchange Act;

(b)

Bank as defined in Section 3(a)(6) of the Exchange Act;

(c)

Insurance Company as defined in Section 3(a)(19) of the Exchange Act;

(d)

Investment Company registered under Section 8 of the Investment Company Act;

(e)

An Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

An Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

A Parent Holding Company or Control Person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)

A Church Plan that is excluded from the definition of an Investment Company under Section 3(c)(14) of the Investment Company Act;

(j)

Group, in accordance with Rule 13d(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check this box. ¨


				Page 6 of 8 Pages


ITEM 4 -	OWNERSHIP:

	The following information is as of December 31, 2006:

	(a)	Amount Beneficially Owned:

		2,488,202 shares*

		* See the response to Item 6.

	(b)	Percent of Class:

		10.20

	(c)	Number of shares to which such person has:

		(i)	sole power to vote or to direct the vote

			633

		(ii)	shared power to vote or to direct the vote

			2,487,569

		(iii)	sole power to dispose or to direct the disposition of

			633

		(iv)	shared power to dispose or to direct the disposition of

			2,487,569

ITEM 5 -	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

	Not Applicable.

ITEM 6 -	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

	Of the total shares of Class A Common Stock reported herein, 2,487,569 shares are held in various trust accounts created by various trust agreements for which PNC Bank, National Association serves as co-trustee with Russell C. Ball, III. These trust agreements may be deemed to have created shared voting and shared dispositive power between the co-trustees.

ITEM 7 -	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

	Included are the following subsidiaries of The PNC Financial Services Group, Inc. - HC: PNC Bancorp, Inc. - HC (wholly owned subsidiary of The PNC Financial Services Group, Inc.) PNC Bank, National Association - BK (wholly owned subsidiary of PNC Bancorp, Inc.) J.J.B. Hilliard, W.L. Lyons, Inc. - IA (indirect wholly owned subsidiary of The PNC Financial Services Group, Inc.)

ITEM 8 -	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

	Not Applicable.

ITEM 9 -	NOTICE OF DISSOLUTION OF GROUP:

	Not Applicable.

ITEM 10 -	CERTIFICATION:

	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Page 7 of 8 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


February 12, 2007				February 12, 2007
Date				Date

By: /s/ George P. Long, III				By: /s/ James R. Allen
Signature—The PNC Financial Services Group, Inc.				Signature—J.J.B. Hilliard, W.L. Lyons, Inc.
George P. Long, III, Corporate Secretary				James R. Allen, Chairman, President & CEO
Name & Title				Name & Title

February 12, 2007				February 12, 2007
Date				Date

By: /s/ Maria C. Schaffer				By: /s/ George P. Long, III
Signature—PNC Bancorp, Inc.				Signature—PNC Bank, National Association
Maria C. Schaffer, Executive Vice President				George P. Long, III, Secretary
Name & Title				Name & Title

AN AGREEMENT TO FILE A JOINT STATEMENT FOR

THE PNC FINANCIAL SERVICES GROUP, INC.,

PNC BANCORP, INC. AND PNC BANK, NATIONAL ASSOCIATION

WAS PREVIOUSLY FILED AS EXHIBIT A TO SCHEDULE 13G

Page 8 of 8 Pages

EXHIBIT A

AGREEMENT

February 12, 2007

The undersigned hereby agrees to file a joint statement on Schedule 13G under the Securities and Exchange Act of 1934, as amended (the “Act”) in connection with their beneficial ownership of Class A common stock issued by United America Indemnity, Ltd.

The undersigned states that it is entitled to individually use Schedule 13G pursuant to Rule 13d-1(c) of the Act.

The undersigned is responsible for the timely filing of the statement and any amendments thereto, and for the completeness and accuracy of their own information contained therein, but is not responsible for the completeness or accuracy of the information concerning the other joint filers.

This Agreement applies to any amendments to Schedule 13G.


J.J.B. HILLIARD, W.L. LYONS, INC.

BY:		/s/ James R. Allen
		James R. Allen, Chairman, President & CEO