| Name of Subsidiary | Place of Incorporation | ||||
| Watford Asset Trust I | Delaware, United States | ||||
| Watford Holdings (UK) Limited | United Kingdom | ||||
| Watford Holdings (U.S.) Inc. | Delaware, United States | ||||
| Watford Insurance Company | New Jersey, United States | ||||
| Watford Insurance Company Europe Limited | Gibraltar | ||||
| Watford Re Ltd. | Bermuda | ||||
| Watford Services Inc. | Delaware, United States | ||||
| Watford Specialty Insurance Company | New Jersey, United States | ||||
| Watford France Holdings | France | ||||