Claveau Re Ltd., is a Bermuda exempted company incorporated under the laws of Bermuda on June 8, 2021 and is registered as a Special Purpose Insurer in Bermuda effective June 14, 2021. Its issued shares are held pursuant to the terms of the Claveau Re Ltd. Purpose Trust by Conyers Trust Company (Bermuda) Limited as share trustee (the “Share Trustee”).

Claveau Re Ltd., US$150,000,000 Series 2021-1 Class A Principal-at-Risk Variable Rate Notes due July 8, 2025 (the “Series 2021-1 Notes”) pursuant to the Applicant’s Program