Fibonacci Reinsurance Ltd., a Bermuda exempted company incorporated on 7 November 2016 under the laws of Bermuda.  Its registered office is Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda and its principal office is c/o Aon Insurance Managers (Bermuda) Ltd. of Aon House, 30 Woodbourne Avenue, Pembroke, HM 08, Bermuda.

The Notes will be exposed to certain property losses resulting from natural perils and non-natural perils as specified in the Term Sheet.