1886 Re Ltd. (the “Issuer”), is a Bermuda exempted company limited by shares registered as a special purpose insurer under 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 27, 2025, with registration number 202504654.

1886 Re Ltd. Principal At-Risk Variable Rate Note Program