Tailwind Re Ltd. (the “Issuer”) was incorporated under the laws of Bermuda on 20 November 2017 with registration number 53091 as a Bermuda exempted company. The Issuer was licensed under the Insurance Act as a special purpose insurer on 6 December 2017. The Notes are exposed to the perils of Named Storms & Earthquake in the Covered Area during the Risk Period.

Tailwind Re Ltd., USD$150,000,000 Series 2017-1 Class A Principal At-Risk Variable Rate Notes due January 8, 2022