AGH 2.81 0.05 Vol 2000 AGL 0 0.00 Vol 0 BAS 1.4 0.00 Vol 0 BFM 18.05 0.00 Vol 0 BG23B 0 0.00 Vol 0 BPH 0 0.00 Vol 0 DEVON 0 0.00 Vol 0 LOM 2.8 0.00 Vol 0 NTB 25.5 0.00 Vol 0 ONE 4 0.05 Vol 1000 POLAR 0 0.00 Vol 0 SOM 14 0.00 Vol 0 WHHL 0 0.00 Vol 0 WWW 0 0.00 Vol 0
Market Open:

HSBC Bank (Cayman) Limited, 90 North Church Street, Strathvale House, Cayman Islands

Listed Since: 2008/08/12
Delisted on: 2011/06/21
Currency: USD
CUSIP: 918865AA4
ISIN: US918865AA47
Telephone: (345) 949-7755

Issuer is issuing the Notes to support its obligations under the respective Risk Transfer Contract to make certain payments to the Risk Transfer Contract Counterparty upon the occurrence of one or more Loss Events during the applicable Risk Period.

Risk Transfer Contract Counterparty: For each Class within a Series of Notes, one or more subsidiaries or affiliates of Flagstone Reinsurance Limited, as specified in the applicable Offering Circular Supplement ("Risk Transfer Contract Counterparty").

$64M Series 2008-1 Class A assigned a debt rating of 'bb' by AM Best.

Notes matured effective 06 June, 2011, and subsequently de-listed from the BSX




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


TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619


30 Victoria Street
3rd Floor
Hamilton, Bermuda


P.O. Box HM 1369
Hamilton HMFX



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