The Emporium Building, 5th Floor 69 Front Street Hamilton Bermuda

Tel: (441) 295-8478
Fax: (441) 295-8472

120,000,000 Series 2012-1 Class B Principal At-Risk Variable Rate Notes due April 10, 2015


The Notes  will be exposed to the perils of earthquakes in Canada & USA, windstorms in Europe & hurricanes in Mexico, the Caribbean & USA on an aggregate basis over the risk period. The Notes will be issued in United States currency, and in minimum denominations of $250,000 and integral multiples of $1,000 in excess thereof.



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