Business Update: HUMBOLDT RE not to underwrite new business as of 1 January 2021. Guernsey, 08 December 2020 – The ultimate Shareholder and the Board of Directors of Humboldt Re Ltd., a company domiciled and licensed in Guernsey since 2015, has decided to cease underwriting new business as of 1 January 2021, whilst reviewing strategic options for the ultimate shareholder to unwind its investment. The company, a rated reinsurer, holds a security rating by A.M. Best of A– with stable outlook. In 2020, Humboldt Re has a YTD gross written premium of USD 109.3 million with total assets of USD 1,021.9 million. The company, which is underpinned by strong risk-adjusted capital, will continue to meet all its obligations in full compliance with the applicable laws and regulations and under the supervision of the Guernsey Financial Services Commission. For questions, please contact: Mark Elliott, CEO - mark.elliott@humboldtre.com 01481 707909 Annual Report 2020 Annual Report 2019 Annual Report 2018 Company Name: Humboldt Re Limited Contact Number: 01481 707909 Registration Number: 60597 Registered Office: P.O. Box 33, Dorey Court, Admiral Park, St. Peter Port, Guernsey, GY1 4AT GFSC Number: 2265843