Ursa Re Ltd. is a Bermuda exempted company incorporated on 25 September 2014 with registration number 49528 and with registered office address at Canon’s Court, 22 Victoria Street, Hamilton HM 12, Bermuda.  The Issuer was registered as a Special Purpose Insurer under a license issued by the Bermuda Monetary Authority on 4 November 2014.  The specific terms of each Series of Notes, and the Class, or Classes, comprised by such Series, are as set forth in the applicable Offering Circular Supplement and may differ from those of other Series or Classes of Notes.

Ursa Re Ltd., $200,000,000 Series 2017-2 Class D Principal-At-Risk Variable Rate Notes due December 10, 2020.