Montoya Re Ltd. (the “Issuer”) is a Bermuda exempted company incorporated with limited liability and to be registered prior to the Initial Issuance Date as a special purpose insurer under the Bermuda Insurance Act 1978 and related regulations, each as amended (the “Insurance Act”). The Issuer is not, and does not intend to become, a licensed insurance or reinsurance company in any state of the United States or in any jurisdiction other than Bermuda. The Issuer was incorporated under the laws of Bermuda on February 28, with registration number 202201055.

Montoya Re Ltd US$85,000,000 - Series 2025-1 Class A Principal-at-Risk Variable Rate Notes due April 7, 2028