RenRe revealed as Fibonacci Re sponsor

RenaissanceRe has confirmed it set up the $140mn Fibonacci Re
vehicle, which was established in Bermuda in late December, to
provide it with more property catastrophe capacity.
Fibonacci's capital was raised from third-party investors
and the company's own $169mn Medici cat bond fund.
The carrier already runs a number of other third-party capital
vehicles, but the existing facilities are all market facing - in
other words, they write business in their own names. In contrast,
Fibonacci's capacity