Watford Holdings ^{Priced, Nasdaq: WTRE.XX}

We are a global P&C insurance and reinsurance company with approximately $1.1 billion in total capital as of December 31, 2018, comprised of $0.2 billion of contingently redeemable preference shares and $0.9 billion of common shareholders’ equity. Through operations in Bermuda, the United States and Europe, we write insurance and reinsurance on a worldwide basis. Our objective is to deliver attractive returns to shareholders by combining disciplined underwriting with superior investment management. Our strategy combines a diversified, casualty-focused underwriting portfolio, accessed through our multi-year, renewable strategic underwriting management relationship with Arch, with a disciplined investment strategy comprising primarily non-investment grade corporate credit assets, managed by HPS. In addition, we have a services arrangement with AIM to manage our investment grade portfolio. While we are positioned to provide a full range of P&C lines, we focus on writing specialty lines of business.