Liberty Mutual Sponsored $278mm Limestone 2018-1 Class A Notes

Liberty Mutual announced the issuance of $278mm 2018-1 Class A Notes by Limestone Re Ltd.

• Latest transaction issued from Limestone Re, an integral part of the Liberty reinsurance strategy
• Provides investors with access to a diversified range of risks originated by Liberty Mutual:
  • U.S. Property Catastrophe Reinsurance
  • U.S. Homeowners Insurance
  • Global Property Reinsurance
• Transaction closed on June 25, 2018; terms of the transaction were undisclosed

Limestone Re Ltd. is a special purpose Bermuda-domiciled segregated accounts company

• Formed by Liberty Mutual in December 2016 to allow investors to efficiently access risk
• Provides nearly $700mm of total collateralized capacity to Liberty Mutual following this issuance
• Previously sponsored the innovative ~$160mm Limestone Re Ltd. 2016-1 Note offering
  • Included unique risks including U.S. Homeowners and London Market Specialty insurance

Liberty Mutual is a leading diversified global insurer and reinsurer

• Third largest property and casualty insurer in the U.S. based on 2017 direct written premium
• Presence in 30 countries and economies with 50,000 employees in over 800 offices worldwide(a)

(a) As of the time of the transaction.