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Conyers advised Fibonacci Reinsurance Ltd. on the issuance of US$140,000,000 Series 2017-1 Class A Participating Notes due 10 January 2018 pursuant to its newly established Participating Note Program. Fibonacci Reinsurance Ltd. was established to provide collateralized capacity to the Cedant, Renaissance Reinsurance. It raised US$140,000,000 of capital from third party investors and RenaissanceRe Medici Fund Ltd.
Michael Frith and Alexandra Macdonald of the Bermuda office worked on the matter.