Sanders Re II is a Bermuda exempted company limited by shares and registered as a special purpose insurer (“SPI”) under the Bermuda Insurance Act 1978 and related rules and regulations, as amended (the “Insurance Act”), and as a segregated accounts company under the Bermuda Segregated Accounts Companies Act 2000, as amended (the “SAC Act”).

Sanders Re II Ltd acting in respect of its segregated account designated as the "Sanders Re II Segregated Account 2025-1"

Sanders Re II Ltd US$175,000,000 - Series 2025-1 Class A-2 Principal-at-Risk Variable Rate Notes due April 8, 2030