BSX Update on Listing of Queen Street VI Re Limited Principal At-Risk Variable Rate Notes, Due April 9, 2015

Hamilton, Bermuda - 25 July, 2012 – The Listing Committee of the Bermuda Stock Exchange (BSX) announced on July 17, 2012 the approval of the listing of the Queen Street VI Re Limited Principal At-Risk Variable Rate Notes, Due April 9, 2015 that constitute a $100 million dollar issuance under the Exchange’s Restricted Marketing provisions for Qualified Investors and Section V of the BSX Listing Regulations pertaining to International Issuers of Insurance Related Securities. The listing was effective as of July 17, 2012.

Queen Street VI Re Limited was established as a Bermuda exempted company on June 1, 2012 under company number 46617 and registered as a Special Purpose Insurer on June 25, 2012 under The Bermuda Insurance Act 1978, as amended. The purpose of the Principal At-Risk Notes is to provide the Issuer with funds in order to support its obligations under the respective Risk Transfer Contracts it enters into with the Risk Transfer Contract Counterparty.

The Risk Transfer Contract Counterparty for the Notes will be Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (“Munich Re”) as specified in the Offering Circular dated July 10, 2012.

Prime Management Limited sponsored the listing of the Notes and has also been appointed ongoing listing sponsor.

John Whiley, Head of ILS Fund Administration of Prime Management Limited commented, “We are pleased to be working with Queen Street VI Re Limited, Munich Re and the BSX in connection with this listing. Acting as BSX listing sponsor to insurance related securities is another valuable tool in the suite of services we can offer to our clients.”

James McKirdy, Chief Compliance Officer of the BSX stated, “We are delighted to welcome another of Queen Street VI Re Limited’s Principal At-Risk Variable Rate Notes to the Official List of the BSX. The BSX Listing Regulations for International Issuers of Insurance Related Securities are specifically designed to facilitate the listing of these types of Notes that are offered to institutional and sophisticated Qualified Investors”. 

Mr. McKirdy continued, “We are extremely pleased to be working with Queen Street VI Re Limited, Munich Re and Prime Management Limited. The number of Insurance Related Securities listed on the BSX continues to grow and now stands at 34 with a combined market value of $4.688 Billion.”

For further information on the Queen Street VI Re Limited’s Principal At-Risk Variable Rate Notes please contact Matthew Charleson at Prime Management Limited +1 441 295-0329 or matthewcharleson@primebermuda.com