Market Closed:

c/o Kane (Bermuda) Limited Cumberland House 1 Victoria Street Hamilton HM 11, Bermuda Attn: Managing Director

Listed Since: 2012/04/09
Delisted on: 2016/05/09
Currency: USD
CUSIP: 87609FAA6
ISIN: US87609FAA66
Telephone: +1 441 248-6844
Fax: +1 441 705-6344
Email: stephen.lister@kane-group.com

The Issuer was incorporated as an exempted company on 13 February 2013 under company number 47415 with registered office address at Canon’s Court, 22 Victoria Street, Hamilton HM12, Bermuda. On 18 March 2013, the Issuer was registered as a Special Purpose Insurer under the Bermuda Insurance Act 1978, as amended.

Purpose of the Offering

The purpose of the offering of the Notes under the Program (individually, an “Offering” and, collectively, the “Offerings”) is to provide the Issuer with funds in order to support its obligations under the respective Retrocession Agreements it enters into with the Ceding Reinsurer.

Use of Proceeds

On the Issuance Date, all of the proceeds paid to the Issuer from the sale of each Class within a Series of Notes will be deposited into a separate Collateral Account or Reinsurance Trust Account and invested in Permitted Investments, as specified in the applicable Confidential Offering Circular Supplement. Funds held in respect of a Class within a Series of Notes in a Collateral Account or Reinsurance Trust Account will be available to satisfy any obligations of the Issuer to the Ceding Reinsurer under the respective Retrocession Agreement, including the Issuer’s obligation to transfer funds and assets to the related Reinsurance Trust Account if such funds are then held in a Collateral Account

The Ceding Reinsurer

The ceding reinsurer is Munich Reinsurance America, Inc. (“Ceding Reinsurer”), a Delaware insurance company, and a wholly-owned indirect subsidiary of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München which transacts property and casualty reinsurance business in the United States.

Issuance - $500,000,000 Series 2013-1 Class A Principal-At-Risk Variable Rate Notes due 09 May, 2016

DIRECTORY

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

Disclaimer

 

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