Black Kite Re Ltd., is a Hong Kong public company incorporated under the laws of Hong Kong on March 10, 2022 and was registered as a Special Purpose Insurer in Hong Kong on May 5, 2022. Notes relate to Japan Typhoon Covered Events.

Black Kite Re Ltd - US$50,000,000 Series 2025-1 Class A Principal At-Risk Variable Rate Notes due May 8, 2028