White Rock Insurance (SAC) Ltd. was incorporated under the name Three Star Insurance Company Limited under

the laws of Bermuda on November 30, 1982 and effective September 11, 2001, White Rock was registered under the

Segregated Accounts Companies Act 2000. . White Rock’s principal activity is the provision of segregated accounts.

Effective August 15, 2012, under the laws of Bermuda, White Rock received its long term Class C license under

the Insurance Act, 1978, as amended (Insurance Act). White Rock is also licensed as a Class 3 general business insurer

under the Act.

White Rock is a wholly-owned subsidiary of Aon Insurance Managers (Bermuda) Ltd., a Bermuda exempted

company incorporated on 30 March 1970. Aon Insurance Managers (Bermuda) Ltd. is 100% owned by a number of

Aon plc subsidiaries that are ultimately 100% owned by Aon plc.

White Rock has registered under the SAC Act as a segregated accounts company and derives its income from

fees charged to segregated accounts, writing insurance for the participants and keeping separate books of accounts for

each program. The programs cover includes worker’s compensation, property catastrophe/damages and business

interruption, product and environmental liability, financial guarantees and derivatives/swaps. White Rock does not

write any insurance from its general account. 

White Rock Insurance (SAC) Ltd., Randolph Re Series 2023-1 €100,000,000 Principal At-Risk Variable Rate Notes due June 15, 2024; pursuant to the Randolph Re Program.