GC Securities* Completes Catastrophe Bond Queen Street IX Re Limited for Munich Re

GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/NFA/SIPC, today announced the placement of the Principal At-Risk Notes, with notional principal of $100,000,000, through a newly formed catastrophe bond, Queen Street IX Re Limited, to benefit Munich Re. This is the ninth Queen Street cat bond to benefit Munich Re, the eighth overall cat bond issuance benefitting Munich Re since 2011 and the first cat bond issuance benefitting Munich Re provided via an Irish special purpose reinsurance vehicle. The Principal At-Risk Notes provide three seasons of per occurrence protection for named storms affecting the United States and for catastrophe bonds. GC Securities served as sole bookrunner on Queen Street IX Re Limited. GC Securities has raised $600M of catastrophe bond protection for Munich Re since 2011 through the offering of six of the nine Queen Street catastrophe bonds issued. Risk Profile

Notes	Size	Expected Maturity	Coupon
Principal At-Risk Variable Rate Notes due June 8, 2017	$100,000,000	June 8, 2017	TMMF Earnings + 5.50%

Click here to register to receive e-mail updates >> *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/NFA/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. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. 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. 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.