KBW Announces Change to KBW Property & Casualty Insurance Index (KPXSM)
NEW YORK -- March 20, 2013
Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and
broker-dealer that specializes in the financial services sector, and a wholly
owned subsidiary of Stifel Financial Corporation (NYSE: SF), announces the
Effective prior to the opening of business on Monday, March 25, 2013,
RenaissanceRe Holdings Ltd. (NYSE: RNR), a member of the KBW Property &
Casualty Insurance Index (KPX^SM), will undergo a decrease in shares due to a
recent share repurchase.
The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank
Index (Index Ticker: BKX^SM, ETF Ticker: KBWB^SM); KBW Capital Markets Index
(Index Ticker: KSX^SM, ETF Ticker: KBWC^SM); KBW Insurance Index (Index
Ticker: KIX^SM, ETF Ticker: KBWI^SM); KBW Regional Banking Index (Index
Ticker: KRX^SM, ETF Ticker: KBWR^SM, KRS^SM, KRU^SM); KBW Financial Sector
Dividend Yield Index (Index Ticker: KDX^SM, ETF Ticker: KBWD^SM); KBW Premium
Yield Equity REIT Index (Index Ticker: KYX^SM, ETF Ticker: KBWY^SM); KBW
Property and Casualty Insurance Index (Index Ticker: KPX^SM, ETF Ticker:
KBWP^SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker:
KGX^SM, ETF Ticker: KBWX^SM).
KBW, Inc., a Stifel company, operates in the U.S. and Europe through its
broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Keefe, Bruyette
& Woods Limited. Over the years, KBW has established itself as a leading
independent authority in the banking, insurance, brokerage, asset management,
mortgage banking and specialty finance sectors. Founded in 1962, the firm
maintains industry-leading positions in the areas of research, corporate
finance, mergers and acquisitions as well as sales and trading in equities
securities of financial services companies.
Mike Gelormino, 212-909-4780
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