Bowline Re Ltd., is a Bermuda exempted company incorporated on 23 March 2018 with registration number 53473 and has its registered office address at Clarendon House, 2 Church Street, Hamilton, Bermuda. The Issuer is a Special Purpose Insurer licensed with the Bermuda Monetary Authority. The Notes are exposed to the perils of named Storm and earthquakes in the “Covered Area" of the United States of America, Puerto Rico, US Virgin Islands, District of Columbia and Canada.

Bowline Re Ltd., US$75,000,000 Series 2022-1 Class B Principal At-Risk Variable Rate Notes Due May 23, 2025; pursuant to the Bowline Re Ltd., Principal At-Risk Variable Rate Note Program.