Aquila Re I Ltd (the “Issuer”), a Bermuda exempted company limited by shares registered as a special purpose insurer under the Bermuda Insurance Act 1978 and related rules and regulations, each as amended.

The Issuer was incorporated on February 28, 2023.

Aquila Re I Ltd – Series 2023-1 - Class A-1 Principal At-Risk Variable Rate Notes due June 8, 2026 - US$50,000,000