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KBRA ASSIGNS RATINGS TO WATFORD HOLDINGS LTD. AND ITS OPERATING SUBSIDIARIES

New York, July 27, 2018 – Kroll Bond Rating Agency (KBRA) assigns insurance financial strength ratings (IFSR) of A to the operating subsidiaries of Watford Holdings Ltd. (Watford Holdings) – Watford Re Ltd.; Watford Insurance Company Europe Limited; Watford Specialty Insurance Company; and Watford Insurance Company (collectively referred to as Watford). KBRA also assigns an issuer rating of BBB+ to Watford Holdings. Additionally, KBRA assigns a rating of BBB- to Watford Holdings’ outstanding cumulative contingently redeemable preference shares. The Outlook for all ratings is Stable. The ratings reflect Watford’s sound financial condition, diversified risk profile and seasoned management team. Watford is a total return global (re)insurer that combines…

WATFORD INSURANCE COMPANY EUROPE LIMITED ANNOUNCES PLANS FOR ROMANIA

GIBRALTAR, December 5, 2017 – Watford Insurance Company Europe Limited (Watford Insurance) today announced that it has filed with the Gibraltar Financial Services Commission a request for approval to establish a branch office to launch insurance operations in Romania.  Watford Insurance, based in Gibraltar, carries an ‘A-‘ (Excellent) rating by A.M. Best and has been operating in the European Union and the UK since 2015. Watford Insurance is a wholly owned subsidiary of Watford Re Ltd., a Bermuda reinsurer with capital of US$1.2 billion at September 30, 2017.  Watford Insurance and its affiliates have a strategic underwriting management relationship with subsidiaries of Arch Capital Group Ltd. (Arch). …

WATFORD HOLDINGS LTD. EXPLORES AVENUES TOWARD PUBLIC TRADING

Watford Holdings Ltd. announced that it is currently exploring potential avenues toward becoming a registered, publicly-traded company. No decisions have been taken at this point on the structure or timing of any such action, and no assurance can be given that such an action will be pursued. This press release is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale…

PRESS RELEASE – WATFORD SPECIALTY INSURANCE COMPANY PURCHASES ADMITTED CARRIER

Watford Specialty Insurance Company (“WSIC”) announced today it has acquired a previously-dormant insurance company that holds admitted insurance licenses in all 50 states and the District of Columbia. This carrier has been renamed Watford Insurance Company (“WIC”) and has re-domesticated to New Jersey, WSIC’s domicile state. WIC’s liabilities relating to pre-acquisition business are fully reinsured pursuant to a 100% quota share agreement with The Hanover Insurance Company, which carries financial strength ratings of A/A/A3 from A.M.Best, S&P and Moody’s, respectively. The Hanover Insurance Company is the largest insurer in a group of affiliated companies that collectively has over $3.8 billion in capital. The Hanover Insurance Company will…