Watford Announces Order of Axeria IARD | Company & Finance

Axeria is headquartered in Lyon, France, with branch places of work in Lille and Bordeaux and is lively in the French and European Union business residence and casualty insurance coverage market place with in-pressure gross rates created of somewhere around €140 million.

Watford Chief Govt Officer Jon Levy commented: “We are happy to add Axeria to our insurance business enterprise in Europe and look forward to performing with them to carry out our enhancement in the region. Our aim is to leverage our huge money foundation and Axeria’s knowledgeable workforce to fortify present enterprise relationships and to develop new ones.”

About Watford Holdings Ltd

Watford Holdings Ltd. (Nasdaq ticker “WTRE”) is a global property and casualty insurance and reinsurance firm with close to $1.2 billion in money as of December 31, 2020, with operations in Bermuda, the United States, and Europe. Its working subsidiaries have been assigned financial power ratings of “A-” (Excellent) from A.M. Most effective and “A” from Kroll Bond Score Agency. On Might 1, 2020, A.M. Greatest introduced that it experienced put beneath evaluate with detrimental implications the financial power scores of Watford’s operating subsidiaries. On April 7, 2021, Kroll Bond Ranking Agency confirmed its Watch Acquiring standing for Watford’s scores.

Cautionary Note With regards to Forward Searching Statements

The Personal Securities Litigation Reform Act of 1995 (the “PSLRA”) presents a “safe harbor” for forward-searching statements. This news release contains forward-on the lookout statements. Ahead-searching statements, for uses of the PSLRA or if not, normally can be determined by the words and phrases “believes,” “expects,” “intends,” “plans,” “estimates” or comparable expressions that show potential activities. These forward-on the lookout statements incorporate statements pertaining to the Axeria IARD acquisition, together with the anticipated timing of the acquisition and the similar integration, the gains of the acquisition and the impact of the acquisition on our and Axeria IARD’s business, outcomes of functions and economic issue. Such statements are primarily based on present assumptions that require pitfalls and uncertainties that could cause real results and final results to vary materially, including: uncertainties with respect to getting regulatory approval, gratifying other conditions to closing and the timing thereof marketplace circumstances and other threats set forth in the Company’s Registration Assertion on Form S-1 (File No. 333-230080), as amended, submitted with the Securities and Exchange Fee (the “SEC”), and in the Company’s periodic reports submitted with the SEC. Traders are cautioned not to spot undue reliance on these forward-searching statements, which talk only as of the day hereof. Watford disclaims any obligation to update these ahead-on the lookout statements because of new facts, long term gatherings or circumstances or other elements.

Laurence Richardson (Investor Speak to):[email protected]

Key phrase: UNITED STATES FRANCE CARIBBEAN BERMUDA NORTH The united states EUROPE

Field Key phrase: OTHER Specialist Expert services Specialist Providers Insurance plan FINANCE

Resource: Watford Holdings Ltd.

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PUB: 04/09/2021 04:15 PM/DISC: 04/09/2021 04:15 PM