Sanders Re III Ltd., is a Bermuda exempted company incorporated on 23 February 2022 under the laws of Bermuda.  Its registered office is Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda and its principal office is c/o Aon Insurance Managers (Bermuda) Ltd. Point House, 6 Front Street, Hamilton HM 11, Bermuda.

Sanders Re III Ltd., US$100,000,000 Series 2023-1 Class A Principal-at-Risk Variable Rate Notes due April 7,  2027