c/o Marsh IAS Management Services (Bermuda), Victoria Hall, 11 Victoria Street, Hamilton, HM 11, Bermuda

Listed Since: 2012/07/17
Delisted on: 2015/04/09
Currency: USD
CUSIP: 74824KAA2
ISIN: US74824KAA25
Telephone: +1 441 299 8808
Fax: +1 441 292 3793
Email: warren.deklerk@marsh.com


Issuance of $100,000,000 Principal At-Risk Variable Rate Notes due April 9, 2015. The Notes are exposed to Hurricane Events and Europe Windstorm Events on a per occurrence basis during the Risk Period.


The Notes will be issued in United States currency, in minimum denominations of $250,000 and integral multiples of $1000 thereof.


The purpose of the issuance of the Notes (the “Offering”) is to collateralize and fund the obligations of the Issuer under a risk transfer contract to make certain risk transfer payments to the counterparty following the occurrence of one or more Hurricanes in specifically covered areas and/or the occurrence of one or more European Windstorms in specifically covered areas (together “Loss Events”).

The Risk Transfer Counterparty is Münchener Rückversicherungs- Gesellschaft Aktiengesellschaft in München (“Munich Re”).

Coupon Rate or Effective Yield: 10.35% per annum


08:30-09:00 Price Discovery 110 Pitts Bay Road
09:00-16:30 Continuous Trading 4th Floor
  Pembroke, Bermuda
TEL: +1 (441) 292 7212 P.O. Box HM 1369
FAX: +1 (441) 292 7619 Hamilton HMFX
Contact Us (info@bsx.com)  
The information contained in these pages has been obtained from sources which The Bermuda Stock Exchange believes are reliable. However, the accuracy of the information cannot and is not guaranteed and The Bermuda Stock Exchange makes no representation as to its accuracy or completeness. Neither this Web site, nor any information contained herein, constitutes advice or a solicitation to subscribe, purchase or sell any securities. The Bermuda Stock Exchange expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon any part of the contents of this site or any external sites referenced from this website.