KBW Announces Change to KBW Property & Casualty Insurance Index (KPXSM)

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 following change:

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).

About KBW

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.