May 23rd, 2011

GC Securities* 2011 Transactions

Posted at 1:00 AM ET

We review here all 2011 GC Capital Ideas stories reporting GC Securities‘ transactions.

GC Securities* Completes Catastrophe Bond Johnston Re 2011-1 Class A and Class B Notes for State of North Carolina’s Windpool: GC Securities announced the placement of the Series 2011-1 Class A and B Notes, with notional principal at $201,835,000, through an existing catastrophe bond shelf program, Johnston Re Ltd., to benefit the North Carolina Joint Underwriting Association and the North Carolina Insurance Underwriting Association (collectively, the NC JUA/IUA). This is the third consecutive year that the NC JUA/IUA has utilized the cat bond market to manage its hurricane risk.

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GC Securities* Completes Its Third 144A Catastrophe Bond in Q1 - Queen Street II Capital Limited: GC Securities, a provider of investment banking services to the (re)insurance industry and affiliate of Guy Carpenter & Company, announced the placement of USD100 million Principal At-Risk Variable Rate Notes (”Notes”) through catastrophe bond program Queen Street II Capital Limited.

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GC Securities* Announces Completion of 144A Catastrophe Bond - Foundation Re III Ltd. 2011-1: GC Securities, a provider of investment banking services to the (re)insurance industry and affiliate of Guy Carpenter & Company announced the placement of USD135 million of protection through an existing catastrophe bond shelf program, Foundation Re III Ltd., to benefit Hartford Fire Insurance Company. The Series 2011-1 Notes, which represent The Hartford’s fifth utilization of its “Foundation Re” program, provide fully collateralized, multi-year protection for United States hurricanes.

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* Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies, Inc. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

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