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Discontinued Operations
 12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
DISCONTINUED OPERATIONS
REAL
On August 30, 2013, the Company entered into a purchase agreement with Munich-American Holding Corporation (together with applicable affiliates, “Munich”) to sell its U.S.-based weather and weather-related energy risk management unit, which included RenRe Commodity Advisors LLC, Renaissance Trading Ltd. and RenRe Energy Advisors Ltd. (collectively referred to as “REAL”) and, on October 1, 2013, the Company closed the sale of REAL to Munich. In the third quarter of 2013, the Company classified the assets and liabilities associated with this transaction as held for sale and the financial results are reflected in the Company’s consolidated financial statements as “discontinued operations.” 
Consideration for the transaction was $60.0 million, paid in cash at closing, subject to post-closing adjustments for certain tax and other items. The Company recorded a loss on sale of $8.8 million in conjunction with the sale, including related direct expenses.
Except as explicitly described as held for sale or as discontinued operations, and unless otherwise noted, all discussions and amounts presented herein relate to the Company’s continuing operations. All prior periods presented have been reclassified to conform to this form of presentation.
The Company did not have any assets, liabilities or shareholders’ equity of discontinued operations held for sale related to REAL at December 31, 2015 or 2014.
The Company did not have any income (loss) from discontinued operations held for sale for the years ended December 31, 2015 and 2014. Details of the income from discontinued operations for the year ended December 31, 2013 is as follows:
 
 
 
 
 
Year ended December 31, 2013
REAL
 
 
Revenues
 
 
 
Net investment income
$
1,150

 
 
Net foreign exchange gains
849

 
 
Other income
701

 
 
Net realized and unrealized losses on investments
(18
)
 
 
Total revenues
2,682

 
 
Expenses
 
 
 
Operational expenses
89

 
 
Corporate expenses
104

 
 
Total expenses
193

 
 
Income before taxes
2,489

 
 
Income tax expense
(67
)
 
 
Income from discontinued operations
$
2,422