The Emporium Building,
5th Floor
69 Front Street
Hamilton HM 12,

Tel: (441) 295-8478
Fax: (441) 295-8472
ISIN: US29079DAA46
CUSIP: 29079DAA4

Embarcadero Re is a Bermuda Exempted Company licensed as a Special Purpose Insurer under the Bermuda Insurance Act 1978.


The purpose of the Principal At-Risk Variable Notes program is to provide the Issuer with funds in order to support its obligations under the respective reinsurance contracts it enters into with the ceding Insurer, the California Earthquake Authority, as specified in the Offering Circular.


Embarcadero Reinsurance Ltd. (“Embarcadero Re”) Principal At-Risk Variable Notes Series 2012-1 Class A, due February 13, 2015 constitute a $150 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.



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