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

Listed Since: 2012/02/27
Delisted on: 2015/04/09
CUSIP: 74824JAA5
ISIN: US74824JAA51
Tel: +1 441 292 4402
Fax: +1 441 294 1699
Email: Daron.Skipper@marsh.com


Issuance of $75,000,000 Principal At-Risk Variable Rate Notes due April 9, 2015 which are exposed to the peril of hurricane and European windstorms  over the risk period; (“the Notes ”) . 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: 8,50%



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