Fibonacci Reinsurance Ltd

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RenRe’s Fibonacci Re ILS investors redeem more of their capital

Investors in RenaissanceRe's insurance-linked securities (ILS) vehicle Fibonacci Re Ltd. have been able to redeem some more of their capital, while one tranche has now been allowed to fully mature and the other extended further.RenaissanceRe, the Bermudian reinsurance firm and third-party capital manager, has been managing its Fibonacci Re Ltd. read the full article →

RenaissanceRe further extends maturity of Fibonacci Re ILS notes

Bermudian reinsurance firm and third-party capital manager RenaissanceRe has opted for another extension of maturity for the remaining insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle’s 2017 and 2018 issuances.The catastrophe bond like structure has seen its maturity dates extended repeatedly, presumably to allow for the collateral to read the full article →

RenRe’s Fibonacci Re 2017 & 2018 ILS notes have maturity extended again

Bermudian reinsurance firm RenaissanceRe has extended the maturity of the remaining $23.3 million of insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle's 2017 and 2018 issuances, as loss development continues.Fibonacci Reinsurance Ltd. is RenaissanceRe’s sidecar-like special purpose reinsurance vehicle, that provides ILS investors and fund’s under the management read the full article →

RenRe to extend maturity on $20m Fibonacci Re ILS notes after 2018 losses

Bermudian reinsurance firm RenaissanceRe is set to add to the amount of insurance-linked securities (ILS) notes from its Fibonacci Re Ltd. vehicle that have had their maturity extended, with $20 million from its 2018-1 issuance set to be held back while catastrophe losses from this year develop.The reinsurance firm will read the full article →

RenRe’s remaining Fibonacci Re 2017 notes extended into 2019

The final $3.3 million chunk of notes from Bermudian reinsurance firm RenaissanceRe’s $140 million Series 2017-1 issuance of notes from its Fibonacci Reinsurance Ltd. sidecar-like vehicle have now had their maturity extended into 2019, as loss development continues.Fibonacci Reinsurance Ltd. is RenaissanceRe’s sidecar-like special purpose reinsurance vehicle, that provides ILS read the full article →

RenRe’s Fibonacci Re 2017 notes have maturity extended again

The remaining slice of in-force notes from Bermudian reinsurance firm RenaissanceRe’s $140 million Series 2017-1 issuance of notes from its Fibonacci Reinsurance Ltd. sidecar-like vehicle have had their maturity extended for another three months.Fibonacci Reinsurance Ltd. is RenaissanceRe’s sidecar-like special purpose reinsurance vehicle, that provides investors and fund’s under RenRe’s read the full article →

RenaissanceRe’s Fibonacci Re vehicle issues $125m 2018-2 notes

RenaissanceRe's collateralized reinsurance sidecar like vehicle Fibonacci Reinsurance Ltd. has completed a new $125 million issuance of notes, in a Series 2018-2 transaction that will have brought investors and funds a new slice of the Bermudian reinsurers risk, in a format similar to a catastrophe bond.Fibonacci Re, as we understand read the full article →

RenRe’s remaining Fibonacci Re 2017 ILS notes extended again

The remaining in-force notes of Bermudian reinsurance firm RenaissanceRe's $140 million of Series 2017-1 notes issued by Fibonacci Reinsurance Ltd. have been extended again, presumably as loss development continues.Fibonacci Reinsurance Ltd. is RenaissanceRe’s sidecar-like special purpose reinsurance vehicle, that provides investors and fund’s under RenRe’s management with catastrophe bond-like investments read the full article →

RenRe’s Fibonacci Reinsurance vehicle in $70m note issuance

Fibonacci Reinsurance Ltd., a sidecar-like vehicle that provides investors with catastrophe bond like notes operated by Bermudian reinsurer RenaissanceRe, has issued a new $70 million tranche of insurance-linked notes in a Series 2018-1 transaction.RenaissanceRe launched the Fibonacci Re vehicle at the start of 2017, with a $140 million initial issuance read the full article →

RenRe extends maturity on $3.3m of Fibonacci Re ILS notes

Bermudian reinsurance firm RenaissanceRe has allowed a partial redemption of its $140 million Series 2017-1 notes issued by Fibonacci Reinsurance Ltd. at the scheduled maturity, but has opted to extend the maturity for $3.3 million of the tranche, suggesting the vehicle may be exposed to losses from recent catastrophe events.Fibonacci read the full article →