Tower Hill Signature $25 Million Senior Notes Issuance

Tower Hill Signature Insurance Holdings completed a $25mm senior notes offering

• Supported by a world-class investment manager / ILS fund

Proceeds from the senior notes issuance were utilized to:

• Support organic growth efforts and for general corporate purposes

Tower Hill Signature Insurance Holdings (“Signature”) is part of the Tower Hill Group

• Signature is comprised of three Demotech “A” rated insurers with combined surplus of ~$77mm(a)
  • Tower Hill Signature, Tower Hill Select and Omega Insurance Company
• Tower Hill Signature was expected to write ~$275mm of residential property insurance in 2019
• Products are distributed through an independent agency network of over 1,200 agency relationships

Tower Hill Group is a best-in-class, diversified insurance group based in Gainesville, Florida

• Specializes in the underwriting and placement of residential / commercial property risks in Florida
• Group is comprised of statutory insurance entities, distribution and claims management companies
• Second largest residential property insurer in Florida with a ~7%(a) homeowners market share

(a) SNL Financial as of 12/31/2018.