Fibonacci Reinsurance Ltd. issued a $45 million tranche of insurance-linked notes, Artemis reported.

Fibonacci Reinsurance is the Bermuda-based special purpose vehicle of Renaissance Reinsurance Ltd.

The issuance of the series 2017-2 class A participating notes will provide investors exposure to certain property losses caused by natural and non-natural peril, Artemis said. The notes have a due date of June 8, 2018, the news outlet reported.