Power Protective Re Ltd., is a Bermuda exempted company registered under the Bermuda Insurance Act 1978 and related regulations, each as amended, as a special purpose insurer registration No. 55943. The Issuer was incorporated under the laws of Bermuda on October 7, 2020, and its one (1) issued common share is held pursuant to the terms of a Declaration of Trust dated March 30, 2020 by Appleby Global Corporate Services (Bermuda) Ltd as Trustee of the Power Protective Ltd. Purpose Trust, a Bermuda purpose trust.

Power Protective Re Ltd., US$50,000,000 Series 2020-1 Class A Principal At-Risk Variable Rate Notesdue December 15, 2023.,