- Statement of Ownership (SC 13G)

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

United America Indemnity-A
(Name of Issuer)

Class A Common Stock
(Title of Class of Securities)

90933T109
(CUSIP Number)

03-31-10
(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)

The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Schedule 13 G

Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002 Cayman Islands Item 2 (a) Corbyn Investment Management, Inc., et al.
(b) Suite 108 2330 W. Joppa Road Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland (d) Class A Common Stock (e) 90933T109

Item 3(j) The filer is a group consisting of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940 and an Investment Company registered under Section 8 of the Investment Company Act.

Item 4 N/A

Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities

Item 6 N/A

Item 7 N/A

Item 8 (a) The group consists of an Investment Adviser
registered under Section 203 of the Investment Advisers Act of 1940 (IA) and an Investment Company registered under Section 8 of the Investment Company Act (IV).

Item 9 N/A

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Schedule 13 G

Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002 Cayman Islands

Item 2 (a) Corbyn Investment Management, Inc.
(b) Suite 108 2330 W. Joppa Road Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland (d) Class A Common Stock (e) 90933T109

Item 3 (e) An investment adviser in accordance with
240.13d-1(b)(1)(ii)(E);

Item 4 N/A

Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities

Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A

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Schedule 13 G

Item 1 (a) United America Indemnity
(b) Walker House, 87 Mary Street
PO Box 9086GT
George Town, Grand Cayman, KY1-9002 Cayman Islands

Item 2 (a) Greenspring Fund, Inc.
(b) Suite 110 2330 W. Joppa Road Lutherville, Maryland 21093
(c) Incorporated in the State of Maryland (d) Class A Common Stock (e) 90933T109

Item 3 (d) Investment company registered under section 8
of the Investment Company Act of 1940 (15 U.S.C 80a-8).

Item 4 N/A
Item 5 Reporting person has ceased to be the beneficial owner
of more than 5% of the class of securities Item 6 N/A
Item 7 N/A
Item 8 N/A
Item 9 N/A

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Item 10 By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were acquired and are 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.

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.

Signature Karla K. Moore, CCO
April 6, 2010

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CUSIP No 90933T109 13G

1. Name of Reporting Person IRS Identification No. of Above Person

Corbyn Investment Management, Inc. et al n/a

2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]

3. SEC Use Only

4. Citizenship or Place of Organization

Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093

Number Of 5. Shares Beneficially 6. Owned By Each 7. Reporting

Person 8.

9. Aggregate Amount Beneficially Owned By Each Reporting Person

10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares [ ]

11. Percent Of Class Represented By Amount In Row 9

12. Type Of Reporting Person 00- Group Consisting of IA and IV

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CUSIP No.90933T109 13G

1. Name of Reporting Person IRS Identification No. of Above Person

Corbyn Investment Management, Inc. 52-0964322

2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]

3. SEC Use Only

4. Citizenship or Place of Organization

Suite 108 2330 W. Joppa Rd.
Lutherville, MD 21093

Number Of 5. Shares Beneficially 6. Owned By Each 7. Reporting Person 8. 9. Aggregate Amount Beneficially Owned By Each Reporting Person 10. Check Box if the Aggregate Amount in Row (9) Excludes

Certain Shares [ ]

11. Percent Of Class Represented By Amount In Row 9

12. Type Of Reporting Person IA

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CUSIP No. 90933T109 13G

1. Name of Reporting Person IRS Identification No. of Above Person

Greenspring Fund, Inc.
52-1267740

2. Check The Appropriate Box If A Member Of A Group
(a) [x]
(b) [ ]

3. SEC Use Only

4. Citizenship or Place of Organization

Suite 110 2330 W. Joppa Rd.
Lutherville, MD 21093

Number Of 5. Shares Beneficially 6. Owned By Each 7. Reporting Person 8. 9. Aggregate Amount Beneficially Owned By Each Reporting Person 10. Check Box if the Aggregate Amount in Row (9) Excludes

Certain Shares [ ]

11. Percent Of Class Represented By Amount In Row 9

12. Type Of Reporting Person IV