Northernlight Insurance Company Inc. Changes Name to NorthernlightReinsurance Group Inc.

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Northernlight Insurance Company Inc. Changes Name to Northernlight
Reinsurance Group Inc.

May 2, 2023, Nevis, St. Kitts and Nevis On October 20 2022, Northernlight Insurance
Company Inc. was granted a change of name to Northernlight Reinsurance Group Inc. by
the Nevis Registrar of Companies, Northernlight’s home jurisdiction regulator. The change was
made to better match the Company’s name with its license status. Northernlight is licensed in
Nevis as a pure Reinsurance Company, able to accept all lines of reinsurance risk worldwide.

Northernlight Reinsurance Group Inc is now the Company’s official legal name under
which all contracts, agreements and filings are executed. Northernlight has retained
two commercial names under which it may do business as, when appropriate
Northernlight Insurance Company and Northernlight Re.
Northernlight is a private reinsurance company with operations in more than thirty
countries. The Company has senior executives experienced in insurance,
reinsurance, and capital markets. The Company specializes in treaty reinsurance,
specialty facility reinsurance, and facultative reinsurance produced from six business
areas: Yacht Reinsurance, Specialty Lines, Surety Reinsurance, French Construction
Guarantees, Facultative Property, Marine, Cargo, and Aviation Risk and reinsurance
of specialized Underwriting Facilities.

Northernlight received a regional Financial Strength Rating of AA with Stable Outlook
for the period ending June 30, 2022, from the rating agency, Pacific Credit Rating
(PCR). The rating was based on Northernlight’s high profitability, strong capitalization
and liquidity, and experienced management team. PCR is one of the leading and most
respected rating agencies in Latin America, operating in 11 countries and boasting
more than 500 clients from 5 continents.

Media Relations
Lane A. Jaslow
Senior Vice President
Regulatory and Investor Relations

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