XML 57 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Acquisition of Platinum Narrative (Details) (USD $)
3 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 02, 2015
Mar. 31, 2015
Dec. 31, 2014
Mar. 01, 2015
Business Acquisition [Line Items]              
Income tax benefit (expense) $ 47,904,000us-gaap_IncomeTaxExpenseBenefit $ (166,000)us-gaap_IncomeTaxExpenseBenefit          
Common Shares              
Business Acquisition [Line Items]              
Dividends per common share, in usd per share     $ 0.3us-gaap_CommonStockDividendsPerShareCashPaid
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
       
Platinum              
Business Acquisition [Line Items]              
Percent acquired       100.00%us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Share price, in usd per share       $ 76us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Aggregate consideration transferred       1,932,405,000us-gaap_BusinessCombinationConsiderationTransferred1
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Cash consideration paid by RenaissanceRe to common shareholders of Platinum and holders of Platinum equity awards       1,160,000,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Transaction-related costs 40,400,000rnr_BusinessAcquisitionAcquisitionandIntegrationRelatedCosts
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
        6,700,000rnr_BusinessAcquisitionAcquisitionandIntegrationRelatedCosts
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
 
Acquisition-related costs 11,500,000us-gaap_BusinessCombinationAcquisitionRelatedCosts
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
           
Integration-related costs 900,000us-gaap_BusinessCombinationIntegrationRelatedCosts
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
           
Compensation-related costs         28,000,000us-gaap_SeveranceCosts1
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
   
Goodwill       191,729,000us-gaap_Goodwill
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Finite lived intangible assets acquired       75,200,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Weighted average useful life       8 years      
Indefinite lived intangible assets acquired       8,400,000us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Adjustment to other assets       (1,046,000)rnr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedOtherAssetsAdjustment
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Adjustment to deferred tax asset       29,069,000rnr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredTaxAssetsAdjustment
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Total adjustments for fair value of the identifiable intangible assets       (13,115,000)rnr_BusinessCombinationRecognizedIdentifiableAssetsAcquiredandLiabilitiesAssumedDeferredTaxLiabilitiesAdjustment
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
     
Reduction in deferred tax asset 47,400,000us-gaap_IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
           
Platinum | Common Shares              
Business Acquisition [Line Items]              
Share price, in usd per share       $ 35.96us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
     
Shares issued       7,434,561us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
     
Shares issued, value       761,819,000us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
     
Cash consideration paid by RenaissanceRe to common shareholders of Platinum and holders of Platinum equity awards       904,433,000us-gaap_PaymentsToAcquireBusinessesGross
/ us-gaap_BusinessAcquisitionAxis
= rnr_PlatinumMember
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonStockMember
     
Platinum              
Business Acquisition [Line Items]              
Dividends per common share, in usd per share             $ 10us-gaap_CommonStockDividendsPerShareCashPaid
/ dei_LegalEntityAxis
= rnr_PlatinumMember
Dividends paid, value       253,203,000us-gaap_PaymentsOfDividends
/ dei_LegalEntityAxis
= rnr_PlatinumMember
    253,203,000us-gaap_PaymentsOfDividends
/ dei_LegalEntityAxis
= rnr_PlatinumMember
Available funds to fund acquisition       604,400,000rnr_BusinessAcquisitionAvailableFundstoFundAcquisition
/ dei_LegalEntityAxis
= rnr_PlatinumMember
     
Bridge Loan              
Business Acquisition [Line Items]              
Short-term debt       $ 300,000,000us-gaap_ShortTermBorrowings
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_BridgeLoanMember