Iris Reinsurance Ltd. - One share to be crossed on the market per month

HAMILTON, Bermuda: 8 November, 2016: Iris Reinsurance Ltd ("Iris Re"), announced today that one share will be crossed on the market per month.  The filing stated:

The non-voting, preferred shares of Iris Reinsurance, Ltd. are listed on the Bermuda stock exchange as IRISP.BH.  Iris Reinsurance, Ltd. is pleased to announce that, each month, one share will be crossed on the market with such crossing treated as the trading of such share.  Each crossing will be consummated as a cashless transaction within the treasury account of Iris Reinsurance, Ltd.  The trading price will be based on the underlying net asset value of the crossed share, which value will be independently determined by Horseshoe Management, Ltd., the Company's insurance manager.  The purpose of this crossing will be to give notice to the market of the NAV of a share of the Company.

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