Canon's Court,
22 Victoria Street,
Hamilton HM 12,
Bermuda

BSX Currency: USD
ISIN: US05826BAB27
CUSIP: 05826BAB2

Baldwin Re Ltd., is a Bermuda exempted company incorporated under the laws of Bermuda on May 19, 2021 and is registered as a Special Purpose Insurer in Bermuda effective May 27, 2021.

Baldwin Re Ltd., US$100,000,000 Series 2023-1 Class A Principal-at-Risk Variable Rate Notes due July 7, 2027 (the “Series 2021-1 Notes”) pursuant to the Applicant’s Program.

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