Bonanza Re Ltd., is a Bermuda exempted company incorporated on 3 November 2016 with registration number 51990 and registered office address at Victoria Place, 5th Floor, 31 Victoria Street, Hamilton HM10, Bermuda. The Issuer was licensed as a special purpose insurer by the Bermuda Monetary Authority (“BMA”) on 29 November 2016.

Bonanza Re Ltd., US$70,000,000 Series 2023-2 Class A Principal-at-Risk Variable Rate Notes due January 8, 2025