On November 2, 2020, Watford Holdings Ltd. entered into a voting and support agreement with Enstar Group Limited and Cavello Bay Reinsurance Limited, a subsidiary of Enstar. Pursuant to the Enstar voting agreement, Cavello Bay has agreed to vote all of the Company’s common shares owned by it in favor of the adoption of the merger agreement and the statutory merger agreement required in accordance with section 105 of the Bermuda Companies act 1981, as amended, and the approval of the transactions contemplated thereby and against (i) any proposal for a business combination involving the Company and any other person that would be expected to interfere with or affect in any material respect the transactions contemplated by the merger agreement, (ii) any other action that would be to result in any conditions to the consummation of the merger under the merger agreement not being fulfilled, (iii) any amendment or other change to the Company organizational documents that would interfere with or affect in any material respect the transactions contemplated by the merger agreement, and (iv) any other material change in the Company’s corporate structure or business that would be expected to interfere with or affect in any material respect the transactions contemplated by the merger agreement.