Gateway Re Ltd. is a Bermuda exempted company limited by shares registered as a special purpose insurer under the Bermuda Insurance Act of 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 March 18, 2022 with registration number 202201125.

Gateway Re Ltd. US$150,000,000 - Series 2025-1 Class C2 Principal At-Risk Zero Coupon Notes due July 7, 2027