KBW Announces Changes to KBW Insurance Index (KIX) and KBW Mortgage Finance Index (MFX)

  
    
  
  
    
      Keefe, Bruyette & Woods, Inc., a full service investment bank that 
      specializes in the financial services sector, and a wholly-owned 
      subsidiary of KBW, Inc. (NYSE: KBW), today announced upcoming changes to 
      the KBW Insurance Index (Index Symbol: KIXSM, 
      ETF Symbol: KIESM) and KBW Mortgage Finance 
      Index (Index Symbol: MFXSM).
    
    
      Effective prior to the opening of business on Friday, July 18, 2008, ACE 
      Ltd. (NYSE: ACE), a component of the KIX, will be deleted from that 
      index due to its reincorporation in Switzerland. Ameriprise Financial 
      Inc. (NYSE: AMP) will replace ACE within the KIX.
    
    
      Also effective July 18, 2008, IndyMac Bancorp (Other OTC: IDMC.PK), a 
      component of the MFX, will be deleted from that index due to its seizure 
      by the Federal Deposit Insurance Corporation over the last weekend. 
      First American Corp. (NYSE: FAF) will replace IDMC.PK within the MFX.
    
    
      The KBW family of indices and exchange traded funds include: KBW Bank 
      Index (Index Symbol: BKXSM, ETF Symbol KBESM); 
      KBW Capital Markets Index (Index Symbol: KSXSM, 
      ETF Symbol KCESM); KBW Insurance Index (Index 
      Symbol: KIXSM, ETF Symbol KIESM); 
      KBW Regional Banking Index (Index Symbol: KRXSM, 
      ETF Symbol: KRESM) and KBW Mortgage Finance 
      Index (Index Symbol: MFXSM).
    
    
      About KBW
    
    
      KBW, Inc. is the parent of Keefe, Bruyette & Woods, Inc., Keefe, 
      Bruyette & Woods Limited and KBW Asset Management. Keefe, Bruyette & 
      Woods, Inc. is a full service investment bank specializing in the 
      financial services industry. Founded in 1962, it is widely recognized as 
      a leading authority in the banking, insurance, brokerage, asset 
      management, mortgage banking and specialty finance sectors. The firm has 
      established industry-leading positions in the areas of research, 
      corporate finance, mergers and acquisitions, as well as sales and 
      trading for financial services companies.