these product classifications are : 1 ) penn-america , which includes property and general liability products for small commercial businesses distributed through a select network of wholesale general agents with specific binding authority ; 2 ) united national , which includes property , general liability , and professional lines products distributed through program administrators with specific binding authority ; and 3 ) diamond state , which includes property , casualty , and professional lines products distributed through wholesale brokers and program administrators with specific binding authority . the company 's personal lines segment , via american reliable , offers specialty personal lines and agricultural coverage through a group of approximately 290 agents , primarily comprised of wholesale general agents , with specific binding authority in the admitted marketplace . the company 's reinsurance operations , consisting solely of the operations of global indemnity reinsurance , currently provides reinsurance solutions through brokers and on a direct basis . global indemnity reinsurance is a bermuda based treaty reinsurer for specialty property and casualty insurance and reinsurance companies . global indemnity reinsurance conducts business in bermuda and is focused on using its capital capacity to write catastrophe-oriented placements and other niche or specialty-focused treaties meeting the company 's risk tolerance and return thresholds . the company derives its revenues primarily from premiums paid on insurance policies that it writes and from income generated by its investment portfolio , net of fees paid for investment management services . the amount of insurance premiums that the company receives is a function of the amount and type of policies it writes , as well as prevailing market prices . the company 's expenses include losses and loss adjustment expenses , acquisition costs and other underwriting expenses , corporate and other operating expenses , interest , investment expenses , and income taxes . losses and loss adjustment expenses are estimated by management and reflect the company 's best estimate of ultimate losses and costs arising during the reporting period and revisions of prior period estimates . the company records its best estimate of losses and loss adjustment expenses considering both internal and external actuarial analyses of the estimated losses the company expects to incur on the insurance policies it writes . the ultimate losses and loss adjustment expenses will depend on the actual costs to resolve claims . acquisition costs consist principally of commissions and premium taxes that are typically a percentage of the premiums on the insurance policies the company writes , net of ceding commissions earned from reinsurers . other underwriting expenses consist primarily of personnel expenses and general operating expenses related to underwriting activities . corporate and other operating expenses are comprised primarily of outside legal fees , other professional and accounting fees , directors ' fees , management fees , and salaries and benefits for company personnel whose services relate to the support of corporate activities . in 2016 , corporate expenses also included $ 4.2 million of expenses related to the redomestication . in 2015 , corporate expenses also included $ 8.3 million of expenses related to the acquisition of american reliable . interest expense is primarily comprised of amounts due on outstanding debt . critical accounting estimates and policies the company 's consolidated financial statements are prepared in conformity with gaap , which require it to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . see note 3 of the notes to consolidated financial statements contained in item 8 of part ii of this report . actual results could differ from those estimates and assumptions . the company believes that of the company 's significant accounting policies , the following may involve a higher degree of judgment and estimation . 55 liability for unpaid losses and loss adjustment expenses although variability is inherent in estimates , the company believes that the liability for unpaid losses and loss adjustment expenses reflects management 's best estimate for future amounts needed to pay losses and related loss adjustment expenses and the impact of its reinsurance coverage with respect to insured events . in developing loss and loss adjustment expense ( loss or losses ) reserve estimates for the us insurance operations , the company 's actuaries perform detailed reserve analyses each quarter . to perform the analysis , the data is organized at a reserve category level . a reserve category can be a line of business such as commercial automobile liability , or it can be a particular type of claim such as construction defect . the reserves within a reserve category level are characterized as long-tail or short-tail . for long-tail business , it will generally be several years between the time the business is written and the time when all claims are settled . the company 's long-tail exposures include general liability , professional liability , products liability , commercial automobile liability , and excess and umbrella . short-tail exposures include property , commercial automobile physical damage , and equine mortality . to manage its insurance operations , the company differentiates by product classifications , which are penn-america , united national , diamond state , and american reliable . for further discussion about the company 's product classifications , see generalbusiness segmentsinsurance operations in item 1 of part i of this report . each of the company 's product classifications contain both long-tail and short-tail exposures . every reserve category is analyzed by the company 's actuaries each quarter . management is responsible for the final determination of loss reserve selections . loss reserve estimates for the company 's reinsurance operations are developed by independent , external actuaries ; at least annually ; however , management is responsible for the final determination of loss reserve selections . the data for this analysis is organized by treaty and treaty year . story_separator_special_tag therefore , the impact of changes in frequency and severity for more than one accident year could be higher or lower than the amounts reflected above . recoverability of reinsurance receivables the company regularly reviews the collectability of its reinsurance receivables , and includes adjustments resulting from this review in earnings in the period in which the adjustment arises . a.m. best ratings , financial history , available collateral , and payment history with the reinsurers are several of the factors that the company considers when judging collectability . changes in loss reserves can also affect the valuation of reinsurance receivables if the change is related to loss reserves that are ceded to reinsurers . certain amounts may be uncollectible if the company 's reinsurers dispute a loss or if the reinsurer is unable to pay . if its reinsurers do not pay , the company remains legally obligated to pay the loss . 60 see note 9 of the notes to consolidated financial statements in item 8 of part ii of this report for further information surrounding the company 's reinsurance receivable balances and collectability as of december 31 , 2016 and 2015. for a listing of the ten reinsurers for which the company has the largest reinsurance asset amounts as of december 31 , 2016 , see reinsurance of underwriting risk in item 1 of part i of this report . investments the carrying amount of the company 's investments approximates their fair value . the company regularly performs various analytical valuation procedures with respect to investments , including reviewing each fixed maturity security in an unrealized loss position to determine the amount of unrealized loss related to credit loss and the amount related to all other factors , such as changes in interest rates . the credit loss represents the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment . the credit loss component of the other than temporary impairment is recorded through earnings , whereas the amount relating to factors other than credit losses are recorded in other comprehensive income , net of taxes . during its review , the company considers credit rating , market price , and issuer specific financial information , among other factors , to assess the likelihood of collection of all principal and interest as contractually due . securities for which the company determines that a credit loss is likely are subjected to further analysis to estimate the credit loss to be recognized in earnings , if any . see note 3 of the notes to consolidated financial statements in item 8 of part ii of this report for the specific methodologies and significant assumptions used by asset class . upon identification of such securities and periodically thereafter , a detailed review is performed to determine whether the decline is considered other than temporary . this review includes an analysis of several factors , including but not limited to , the credit ratings and cash flows of the securities , and the magnitude and length of time that the fair value of such securities is below cost . for an analysis of the company 's securities with gross unrealized losses as of december 31 , 2016 and 2015 , and for other than temporary impairment losses that the company recorded for the years ended december 31 , 2016 , 2015 , and 2014 , please see note 5 of the notes to the consolidated financial statements in item 8 of part ii of this report . fair value measurements the company categorizes its invested assets and derivative instruments that are accounted for at fair value in the consolidated statements into a fair value hierarchy . the fair value hierarchy is directly related to the amount of subjectivity associated with the inputs utilized to determine the fair value of these assets . the reported value of financial instruments not carried at fair value , principally cash and cash equivalents and margin borrowing facility approximate fair value . see note 7 of the notes to the consolidated financial statements in item 8 of part ii of this report for further information about the fair value hierarchy and the company 's assets that are accounted for at fair value . goodwill and intangible assets the company tests for impairment of goodwill at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance . accounting guidance allows for the testing of goodwill for impairment using both qualitative and quantitative factors . impairment of goodwill is recognized only if the carrying amount of the reporting unit , including goodwill , exceeds the fair value of the reporting unit . the amount of the impairment loss would be equal to the excess carrying value of the goodwill over the implied fair value of the reporting unit goodwill . based on the qualitative assessment performed , there was no impairment of goodwill as of december 31 , 2016. impairment of intangible assets with indefinite useful lives is tested at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance . accounting guidance allows for the 61 testing of intangible assets for impairment using both qualitative and quantitative factors . impairment of indefinite lived intangible assets is recognized only if the carrying amount of the intangible assets exceeds the fair value of said assets . the amount of the impairment loss would be equal to the excess carrying value of the assets over the fair value of said assets . based on the qualitative assessment performed , there were no impairments of indefinite lived intangible assets as of december 31 , 2016. intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives . the carrying amounts of definite lived intangible assets are regularly reviewed for indicators of impairment

capital resources on january 18 , 2006 , u.a.i . ( luxembourg ) investment s.à.r.l . loaned $ 6.0 million to united america indemnity , ltd. the loan was used to pay operating expenses that arise in the normal course of business . the loan is a demand loan and bears interest at 4.38 % . due to the recent liquidation of united america indemnity , ltd. , this loan was assumed by global indemnity limited . at december 31 , 2016 , there was $ 1.0 million outstanding on this loan with accrued interest of $ 1.9 million . global indemnity is dependent on its subsidiaries to pay its dividends and operating expenses . on november 12 , 2007 , global indemnity reinsurance issued a $ 50.0 million demand line of credit to united america indemnity , ltd. which bore interest at 5.25 % . the proceeds of the line were used to fund purchases of the company 's a ordinary shares as part of two $ 50.0 million share buyback programs that were initiated in november 2007 and february 2008 , respectively . on february 13 , 2008 , the demand line of credit was amended . the interest rate was decreased to 3.75 % per annum , and the loan amount was increased to $ 100.0 million . in june 2008 , global indemnity reinsurance declared and paid a dividend of $ 50.0 million to united america indemnity , ltd. united america indemnity , ltd. used proceeds from the dividend to repay a portion of the line of credit . in february , 2010 the line of credit was converted to a non-interest bearing note payable for the full amount of principal and accrued interest to date . in may , 2014 , united america indemnity , ltd. repaid $ 20 million of the outstanding balance due under this note . in november , 2016 , this note was assumed by global indemnity limited . as of december 31 , 2016 , there was $ 33.0 million outstanding on the note payable . u.a.i . ( luxembourg ) investment s.à.r.l .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```capital resources on january 18 , 2006 , u.a.i . ( luxembourg ) investment s.à.r.l . loaned $ 6.0 million to united america indemnity , ltd. the loan was used to pay operating expenses that arise in the normal course of business . the loan is a demand loan and bears interest at 4.38 % . due to the recent liquidation of united america indemnity , ltd. , this loan was assumed by global indemnity limited . at december 31 , 2016 , there was $ 1.0 million outstanding on this loan with accrued interest of $ 1.9 million . global indemnity is dependent on its subsidiaries to pay its dividends and operating expenses . on november 12 , 2007 , global indemnity reinsurance issued a $ 50.0 million demand line of credit to united america indemnity , ltd. which bore interest at 5.25 % . the proceeds of the line were used to fund purchases of the company 's a ordinary shares as part of two $ 50.0 million share buyback programs that were initiated in november 2007 and february 2008 , respectively . on february 13 , 2008 , the demand line of credit was amended . the interest rate was decreased to 3.75 % per annum , and the loan amount was increased to $ 100.0 million . in june 2008 , global indemnity reinsurance declared and paid a dividend of $ 50.0 million to united america indemnity , ltd. united america indemnity , ltd. used proceeds from the dividend to repay a portion of the line of credit . in february , 2010 the line of credit was converted to a non-interest bearing note payable for the full amount of principal and accrued interest to date . in may , 2014 , united america indemnity , ltd. repaid $ 20 million of the outstanding balance due under this note . in november , 2016 , this note was assumed by global indemnity limited . as of december 31 , 2016 , there was $ 33.0 million outstanding on the note payable . u.a.i . ( luxembourg ) investment s.à.r.l .
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 Suspicious Activity Report : these product classifications are : 1 ) penn-america , which includes property and general liability products for small commercial businesses distributed through a select network of wholesale general agents with specific binding authority ; 2 ) united national , which includes property , general liability , and professional lines products distributed through program administrators with specific binding authority ; and 3 ) diamond state , which includes property , casualty , and professional lines products distributed through wholesale brokers and program administrators with specific binding authority . the company 's personal lines segment , via american reliable , offers specialty personal lines and agricultural coverage through a group of approximately 290 agents , primarily comprised of wholesale general agents , with specific binding authority in the admitted marketplace . the company 's reinsurance operations , consisting solely of the operations of global indemnity reinsurance , currently provides reinsurance solutions through brokers and on a direct basis . global indemnity reinsurance is a bermuda based treaty reinsurer for specialty property and casualty insurance and reinsurance companies . global indemnity reinsurance conducts business in bermuda and is focused on using its capital capacity to write catastrophe-oriented placements and other niche or specialty-focused treaties meeting the company 's risk tolerance and return thresholds . the company derives its revenues primarily from premiums paid on insurance policies that it writes and from income generated by its investment portfolio , net of fees paid for investment management services . the amount of insurance premiums that the company receives is a function of the amount and type of policies it writes , as well as prevailing market prices . the company 's expenses include losses and loss adjustment expenses , acquisition costs and other underwriting expenses , corporate and other operating expenses , interest , investment expenses , and income taxes . losses and loss adjustment expenses are estimated by management and reflect the company 's best estimate of ultimate losses and costs arising during the reporting period and revisions of prior period estimates . the company records its best estimate of losses and loss adjustment expenses considering both internal and external actuarial analyses of the estimated losses the company expects to incur on the insurance policies it writes . the ultimate losses and loss adjustment expenses will depend on the actual costs to resolve claims . acquisition costs consist principally of commissions and premium taxes that are typically a percentage of the premiums on the insurance policies the company writes , net of ceding commissions earned from reinsurers . other underwriting expenses consist primarily of personnel expenses and general operating expenses related to underwriting activities . corporate and other operating expenses are comprised primarily of outside legal fees , other professional and accounting fees , directors ' fees , management fees , and salaries and benefits for company personnel whose services relate to the support of corporate activities . in 2016 , corporate expenses also included $ 4.2 million of expenses related to the redomestication . in 2015 , corporate expenses also included $ 8.3 million of expenses related to the acquisition of american reliable . interest expense is primarily comprised of amounts due on outstanding debt . critical accounting estimates and policies the company 's consolidated financial statements are prepared in conformity with gaap , which require it to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods . see note 3 of the notes to consolidated financial statements contained in item 8 of part ii of this report . actual results could differ from those estimates and assumptions . the company believes that of the company 's significant accounting policies , the following may involve a higher degree of judgment and estimation . 55 liability for unpaid losses and loss adjustment expenses although variability is inherent in estimates , the company believes that the liability for unpaid losses and loss adjustment expenses reflects management 's best estimate for future amounts needed to pay losses and related loss adjustment expenses and the impact of its reinsurance coverage with respect to insured events . in developing loss and loss adjustment expense ( loss or losses ) reserve estimates for the us insurance operations , the company 's actuaries perform detailed reserve analyses each quarter . to perform the analysis , the data is organized at a reserve category level . a reserve category can be a line of business such as commercial automobile liability , or it can be a particular type of claim such as construction defect . the reserves within a reserve category level are characterized as long-tail or short-tail . for long-tail business , it will generally be several years between the time the business is written and the time when all claims are settled . the company 's long-tail exposures include general liability , professional liability , products liability , commercial automobile liability , and excess and umbrella . short-tail exposures include property , commercial automobile physical damage , and equine mortality . to manage its insurance operations , the company differentiates by product classifications , which are penn-america , united national , diamond state , and american reliable . for further discussion about the company 's product classifications , see generalbusiness segmentsinsurance operations in item 1 of part i of this report . each of the company 's product classifications contain both long-tail and short-tail exposures . every reserve category is analyzed by the company 's actuaries each quarter . management is responsible for the final determination of loss reserve selections . loss reserve estimates for the company 's reinsurance operations are developed by independent , external actuaries ; at least annually ; however , management is responsible for the final determination of loss reserve selections . the data for this analysis is organized by treaty and treaty year . story_separator_special_tag therefore , the impact of changes in frequency and severity for more than one accident year could be higher or lower than the amounts reflected above . recoverability of reinsurance receivables the company regularly reviews the collectability of its reinsurance receivables , and includes adjustments resulting from this review in earnings in the period in which the adjustment arises . a.m. best ratings , financial history , available collateral , and payment history with the reinsurers are several of the factors that the company considers when judging collectability . changes in loss reserves can also affect the valuation of reinsurance receivables if the change is related to loss reserves that are ceded to reinsurers . certain amounts may be uncollectible if the company 's reinsurers dispute a loss or if the reinsurer is unable to pay . if its reinsurers do not pay , the company remains legally obligated to pay the loss . 60 see note 9 of the notes to consolidated financial statements in item 8 of part ii of this report for further information surrounding the company 's reinsurance receivable balances and collectability as of december 31 , 2016 and 2015. for a listing of the ten reinsurers for which the company has the largest reinsurance asset amounts as of december 31 , 2016 , see reinsurance of underwriting risk in item 1 of part i of this report . investments the carrying amount of the company 's investments approximates their fair value . the company regularly performs various analytical valuation procedures with respect to investments , including reviewing each fixed maturity security in an unrealized loss position to determine the amount of unrealized loss related to credit loss and the amount related to all other factors , such as changes in interest rates . the credit loss represents the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment . the credit loss component of the other than temporary impairment is recorded through earnings , whereas the amount relating to factors other than credit losses are recorded in other comprehensive income , net of taxes . during its review , the company considers credit rating , market price , and issuer specific financial information , among other factors , to assess the likelihood of collection of all principal and interest as contractually due . securities for which the company determines that a credit loss is likely are subjected to further analysis to estimate the credit loss to be recognized in earnings , if any . see note 3 of the notes to consolidated financial statements in item 8 of part ii of this report for the specific methodologies and significant assumptions used by asset class . upon identification of such securities and periodically thereafter , a detailed review is performed to determine whether the decline is considered other than temporary . this review includes an analysis of several factors , including but not limited to , the credit ratings and cash flows of the securities , and the magnitude and length of time that the fair value of such securities is below cost . for an analysis of the company 's securities with gross unrealized losses as of december 31 , 2016 and 2015 , and for other than temporary impairment losses that the company recorded for the years ended december 31 , 2016 , 2015 , and 2014 , please see note 5 of the notes to the consolidated financial statements in item 8 of part ii of this report . fair value measurements the company categorizes its invested assets and derivative instruments that are accounted for at fair value in the consolidated statements into a fair value hierarchy . the fair value hierarchy is directly related to the amount of subjectivity associated with the inputs utilized to determine the fair value of these assets . the reported value of financial instruments not carried at fair value , principally cash and cash equivalents and margin borrowing facility approximate fair value . see note 7 of the notes to the consolidated financial statements in item 8 of part ii of this report for further information about the fair value hierarchy and the company 's assets that are accounted for at fair value . goodwill and intangible assets the company tests for impairment of goodwill at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance . accounting guidance allows for the testing of goodwill for impairment using both qualitative and quantitative factors . impairment of goodwill is recognized only if the carrying amount of the reporting unit , including goodwill , exceeds the fair value of the reporting unit . the amount of the impairment loss would be equal to the excess carrying value of the goodwill over the implied fair value of the reporting unit goodwill . based on the qualitative assessment performed , there was no impairment of goodwill as of december 31 , 2016. impairment of intangible assets with indefinite useful lives is tested at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance . accounting guidance allows for the 61 testing of intangible assets for impairment using both qualitative and quantitative factors . impairment of indefinite lived intangible assets is recognized only if the carrying amount of the intangible assets exceeds the fair value of said assets . the amount of the impairment loss would be equal to the excess carrying value of the assets over the fair value of said assets . based on the qualitative assessment performed , there were no impairments of indefinite lived intangible assets as of december 31 , 2016. intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives . the carrying amounts of definite lived intangible assets are regularly reviewed for indicators of impairment

