Artex Axcell Re (Bermuda) Limited, is a Bermuda exempted company incorporated in Bermuda on 2 July 1981 and registered as a Class 3 insurer and as a Class C insurer under the Insurance Act 1978, as amended and registered as a segregated accounts company under the Segregated Accounts Companies Act 2000 on 5 April 2005.

Artex SAC Limited (the “Issuer”) acting in respect of its Segregated Account is hereby offering (the “Offering”) at risk USD $25,000,000 “Silver Crane” Notes Due 17 January 2025., (the “Silver Crane Notes”) pursuant to the ARTEX SAC LIMITED ILS Note Program II (the “Program”)