<SEC-DOCUMENT>0001299933-16-003329.txt : 20161215
<SEC-HEADER>0001299933-16-003329.hdr.sgml : 20161215
<ACCEPTANCE-DATETIME>20161215160939
ACCESSION NUMBER:		0001299933-16-003329
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161213
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161215
DATE AS OF CHANGE:		20161215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RENAISSANCERE HOLDINGS LTD
		CENTRAL INDEX KEY:			0000913144
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				980138020
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14428
		FILM NUMBER:		162053747

	BUSINESS ADDRESS:	
		STREET 1:		RENAISSANCE HOUSE
		STREET 2:		12 CROW LANE
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HM19
		BUSINESS PHONE:		4412954513

	MAIL ADDRESS:	
		STREET 1:		RENAISSANCE HOUSE
		STREET 2:		12 CROW LANE
		CITY:			PEMBROKE
		STATE:			D0
		ZIP:			HM19
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_54394.htm
<DESCRIPTION>LIVE FILING
<TEXT>
<!-- CoverPageHeader start -->
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> RenaissanceRe Holdings Ltd. (Form: 8-K) </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P>
<!-- CoverPageHeader end --><!-- CoverPageTitle START -->
<A NAME="DOCUMENT_TOP">&nbsp;</A>
<HR NOSHADE>
<P>
<P ALIGN="CENTER">
<FONT SIZE="4">
		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
</FONT>
<BR>
<FONT SIZE="2">
	WASHINGTON, D.C. 20549
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="5">
	FORM 8-K
</FONT>
<FONT SIZE="2">

</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="3">
	CURRENT REPORT
</FONT>
</P>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</FONT>
</P>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Date of Report (Date of Earliest Event Reported):
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	December 13, 2016
</FONT>
</TD>
</TR>
</TABLE>
<BR>
</CENTER>
<!-- CoverPageTitle END --><!-- CoverPageRegistrant START -->
<P ALIGN="CENTER"><!-- -->
<FONT SIZE="6">
	RenaissanceRe Holdings Ltd.
</FONT>
<FONT SIZE="2">
<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="33%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="33%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Bermuda
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	001-14428
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	98-0141974
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________________<BR>
	(State or other jurisdiction
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_____________<BR>
	(Commission
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
______________<BR>
	(I.R.S. Employer
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	of incorporation)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	File Number)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Identification No.)
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Renaissance House, 12 Crow Lane, Pembroke, Bermuda
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	HM 19
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
_________________________________<BR>
	(Address of principal executive offices)
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
___________<BR>
	(Zip Code)
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">

<TR VALIGN="BOTTOM">
<TD WIDTH="51%">
	&nbsp;
</TD>
<TD WIDTH="5%">
	&nbsp;
</TD>
<TD WIDTH="44%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	Registrant&#146;s telephone number, including area code:
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="CENTER" VALIGN="TOP">
<FONT SIZE="2">
	(441) 295-4513
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<P ALIGN="CENTER">
<FONT SIZE="2">
	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
</FONT>
<P ALIGN="CENTER">
<FONT SIZE="2">
	&nbsp;
</FONT>
<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
</P></FONT><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 7.01 Regulation FD Disclosure.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
On December 13, 2016, RenaissanceRe Holdings Ltd. ("RenaissanceRe") issued a press release announcing that Sean Brosnan, Vice President, Managing Director Investments of Renaissance Services of Europe Ltd. and Chief Executive Officer of Renaissance Reinsurance of Europe, will be promoted to Senior Vice President and Chief Investment Officer of RenaissanceRe.  Aditya Dutt, President, RenaissanceRe Ventures, Ltd. and Senior Vice President, RenaissanceRe will take on the additional role of Treasurer of RenaissanceRe, which will also include responsibility for Investor Relations and Corporate Development. Mr. Dutt will continue to lead the Company&#x2019;s ventures unit. Todd Fonner, Senior Vice President, Chief Investment Officer and Treasurer of RenaissanceRe, has decided to leave the Company to pursue other opportunities effective March 31, 2017. A copy of the press release is furnished herewith as Exhibit 99.1.  <br><br>The information in Item 7.01 of this Form 8-K and Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><!-- Item START -->
<P ALIGN="LEFT">
<FONT SIZE="2">
<B>
	Item 9.01 Financial Statements and Exhibits.
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
(d) Exhibits.<br><br>Exhibit 99.1    Press release dated December 13, 2016 <br>
</FONT>
</P>
<!-- Item END -->
<BR><BR><BR><BR><P ALIGN="LEFT" STYLE="FONT-SIZE: 10PT"></P><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><!-- SignatureHeader START -->
<P ALIGN="CENTER">
<FONT SIZE="2">
<B>
	SIGNATURES
</B>
</FONT>
</P>
<P ALIGN="LEFT">
<FONT SIZE="2">
	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
</FONT>
</P>
<!-- SignatureHeader END --><!-- Signature START -->
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
<TR VALIGN="BOTTOM">
<TD WIDTH="19%">
	&nbsp;
</TD>
<TD WIDTH="34%">
	&nbsp;
</TD>
<TD WIDTH="3%">
	&nbsp;
</TD>
<TD WIDTH="1%">
	&nbsp;
</TD>
<TD WIDTH="43%">
	&nbsp;
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD COLSPAN="3" VALIGN="TOP" ALIGN="LEFT">
<FONT SIZE="2">
	RenaissanceRe Holdings Ltd.
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
<I>
	December 14, 2016
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	By:
</I>
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	/s/ Stephen H. Weinstein
</I>
<BR>
</FONT>
</TD>
</TR>
<TR>
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<HR SIZE="1" NOSHADE>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Name: Stephen H. Weinstein
</I>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD>
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP">
<FONT SIZE="2">
<I>
	Title: SVP, Group General Counsel & Corporate Secretary
</I>
</FONT>
</TD>
</TR>
</TABLE>
</CENTER>
<!-- Signature END --><!-- PageBreak START -->
<P>
<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<A HREF="#DOCUMENT_TOP">
<U>
<B>
<FONT SIZE="2">Top of the Form</FONT>
</B>
</U>
</A>
</DIV>
<!-- PageBreak END --><P ALIGN="CENTER">
<FONT SIZE="2">
	Exhibit&nbsp;Index
</FONT>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
<TR VALIGN="BOTTOM">
<TD WIDTH="8%">
	&nbsp;
</TD>
<TD WIDTH="15%">
	&nbsp;
</TD>
<TD WIDTH="77%">
	&nbsp;
</TD>
</TR>

<BR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Exhibit No.
</B>
</FONT>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="LEFT">
<FONT SIZE="1">
<B>
	Description
</B>
</FONT>
</TD>
</TR>
<TR VALIGN="BOTTOM">
<TD NOWRAP ALIGN="CENTER">
<HR SIZE="1" NOSHADE>
</TD>
<TD>
<FONT SIZE="1">
	&nbsp;
</FONT>
</TD>
<TD NOWRAP ALIGN="CENTER">
<HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
</TD>
</TR>





<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" WIDTH="8%" nowrap>
<FONT SIZE="2">
<DIV ALIGN="LEFT">
	99.1
</DIV>
</FONT>
</TD>
<TD WIDTH="15%">
<FONT SIZE="2">
	&nbsp;
</FONT>
</TD>
<TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
<FONT SIZE="2">
Press release dated December 13, 2016
</FONT>
</TD>
</TR></TABLE></CENTER><!-- HTMLFooter START -->
</BODY>
</HTML>
<!-- HTMLFooter END -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 3.2//EN">
<HTML>
<HEAD>
<TITLE> EX-99.1 </TITLE>
</HEAD>
<BODY TEXT="#000000" BGCOLOR="#FFFFFF" ALINK="#0000FF" HLINK="#FF0000" VLINK="#800080">

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>Exhibit&nbsp;99.1</B></FONT>



<P align="center" style="font-size: 12pt"><img src="e43251-1634972441611dfdcf_1.jpg">



<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>RenaissanceRe Holdings Ltd. Announces Executive Management Changes</B><BR>
<I>Sean G. Brosnan Promoted to Senior Vice President, Chief Investment Officer of RenaissanceRe<BR>
Aditya K. Dutt, President, RenaissanceRe Ventures, to take on Additional Role of Treasurer of<BR>
RenaissanceRe</I></FONT>



<P align="center" style="font-size: 11pt"><I>Todd R. Fonner, Senior Vice President, Chief Investment Officer and Treasurer, to Leave Company</I>



<P align="left" style="font-size: 11pt"><B>PEMBROKE, Bermuda, December&nbsp;13, 2016&#151; </B>RenaissanceRe Holdings Ltd. (NYSE: RNR) (the &#147;Company&#148; or
&#147;RenaissanceRe&#148;) today announced the following management changes effective March&nbsp;1, 2017:


<P align="left" style="font-size: 11pt">Sean Brosnan, Vice President, Managing Director Investments of Renaissance Services of Europe Ltd.
and Chief Executive Officer of Renaissance Reinsurance of Europe, will be promoted to Senior Vice
President and Chief Investment Officer of RenaissanceRe.


<P align="left" style="font-size: 11pt">Aditya Dutt, President, RenaissanceRe Ventures, Ltd. and Senior Vice President, RenaissanceRe will
take on the additional role of Treasurer of RenaissanceRe, which will also include responsibility
for Investor Relations and Corporate Development. Mr.&nbsp;Dutt will continue to lead the Company&#146;s
ventures unit.


<P align="left" style="font-size: 11pt">Todd Fonner, Senior Vice President, Chief Investment Officer and Treasurer of RenaissanceRe, has
decided to leave the Company to pursue other opportunities effective March&nbsp;31, 2017.


<P align="left" style="font-size: 11pt">&#147;These appointments are reflective of the strength of RenaissanceRe&#146;s executive bench and
underscore how comfortable Bob is with his senior leadership team,&#148; said Kevin O&#146;Donnell, Chief
Executive Officer. &#147;Aditya is already a vital member of our executive team who will now take on
additional responsibilities and we are confident that as Chief Investment Officer, Sean will
continue to execute our investment strategy.&#148;


<P align="left" style="font-size: 11pt">&#147;Sean is a talented executive who has worked closely with Todd since joining the Company in 2004
and has been very involved in the management of our investments,&#148; noted Robert Qutub, Chief
Financial Officer. &#147;The role of Treasurer is a natural extension of Aditya&#146;s responsibilities and
one for which he is well qualified, with his deep knowledge of our capital structure and
established relationships in the investment community.&#148;


<P align="left" style="font-size: 11pt">&#147;We are grateful for the talent and dedication Todd brought to his roles at RenaissanceRe over the
course of the past 15&nbsp;years,&#148; added Mr.&nbsp;Qutub. &#147;We appreciate his decision to leave the Company to
pursue other opportunities and wish him all the best. Todd will support us in an advisory capacity
for a period following his departure.&#148;


<P align="left" style="font-size: 11pt">Mr.&nbsp;Brosnan joined RenaissanceRe in 2004 and most recently served as Managing Director Investments
of Renaissance Services of Europe Ltd., and Chief Executive Officer of Renaissance Reinsurance of
Europe. Previously, he served as Head of Portfolio Construction at Irish Life Investment Managers.


<P align="left" style="font-size: 11pt"><FONT style="font-size: 11.5pt">As President of RenaissanceRe Ventures, Mr.&nbsp;Dutt structures and manages RenaissanceRe&#146;s
joint ventures, including DaVinci Re, Top Layer Re, Upsilon Fund and Medici Fund. &nbsp;He also directs
RenaissanceRe&#146;s portfolio of strategic investments and insurance-linked securities. Mr.&nbsp;Dutt joined
the Company in 2008.
</FONT>

<P align="left" style="font-size: 11.5pt"><FONT style="font-size: 11pt">RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company&#146;s
business consists of two reportable segments: (1)&nbsp;Property, which is comprised of catastrophe
reinsurance, including certain property catastrophe joint ventures managed by our ventures unit,
and other property reinsurance and insurance and (2)&nbsp;Casualty and Specialty, which is comprised of
casualty and specialty reinsurance and insurance and certain specialty joint ventures managed by
our ventures unit.
</FONT>

<P align="center" style="font-size: 11pt">###



<P align="left" style="font-size: 11pt">View source version on businesswire.com:
</FONT><FONT style="font-size: 9pt">http://www.businesswire.com/news/home/20161213006196/en/
</FONT>

<P align="left" style="font-size: 9pt"><FONT style="font-size: 11pt">Source: RenaissanceRe Holdings Ltd.
</FONT>

<P align="left" style="font-size: 11pt">Investors:
<BR>
RenaissanceRe Holdings Ltd.
<BR>
Aditya Dutt, 441-239-4778
<BR>
Senior Vice President, Treasurer


<P align="left" style="font-size: 11pt">or


<P align="left" style="font-size: 11pt">Media:
<BR>
RenaissanceRe Holdings Ltd.
<BR>
Elizabeth Tillman, 212-238-9224
<BR>
Director &#150; Communications
<BR>
or
<BR>
Kekst and Company
<BR>
Peter Hill or Dawn Dover, 212-521-4800



<P align="center" style="font-size: 10pt; display: none">




<!-- v.121908 -->
</BODY>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>e43251-1634972441611dfdcf_1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e43251-1634972441611dfdcf_1.jpg
M_]C_X  02D9)1@ ! 0   0 !  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1"  E -,# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#^PKXI_M"?
M$[QA\1_%'[/?[)'A+PYXI^)W@N'2(OBS\7/B.VKQ_!#X"7'B/2X-9T71M>L]
M GL/$/Q1^+%[H-W8^)K;X/\ A76?#+Z?X<O]'UGQ[X^^'MCXG\&S>)N._P"&
M 9?B%+_;'[2O[6/[7?QHUN:W>*_T/PA\;O''[*7PFM9+E?\ 2['1/AS^RUK7
MPHN]0\/Y;RK*V^)WC+XJ:Y#:@V]WXIU)WN)I^+_9Y^-_PO\ V5Y?C9\&_P!H
M?78/A%\1;[]I_P#:8^)_A_5_&EMJMAI'QX\)_&[XX>/?BY\--6^%7B>]M39_
M$O7]"^'OBWPQ\,M:\"^'+O5/&7@[6_ \GA:/PY#X8MO"%]J_S/\ \%C/^"ME
M]^Q1\ /A#H'[/'A^[\5_M>?MEZC:^"OV8_ _BKPOK^A:IH$VL2Z5IUU\0/&7
M@CQ/IFDZ]I\WA^_\1:%I6D>#O$6EZ=J>J^+=5L;74-._LO2_$:VGL86AC:N)
MP^!RR'L:DW:&(5E.I&,'5E7>(DVZ-)4J<ZJ4>50A%QFI5.?F\Z<J?LYXC$RY
M^6_-27PP]Y1C3=%-*;^RW4YKO6#C"UNT\8_\$GO^"?NI^*KOX6?"WXP_M(_L
MY_M OX1NO%-CJ7P)_;V_:/T7XT:%X2-[::3<^+;?PWXI^+WC6Q;0/[1O;33)
M=1UCPC=Z;<7%S#9B4RB,I^*GP1_X*)_MV_\ !);_ (*A^"O^"9?[?WQMU+]J
M[]G+XP7?@^P^"/Q_\>6I;XHZ+H/Q$UN^\,^ ?%FL^*+BYN=:\06<?B^ROO"O
MQ$T;QIK'B?5M.N;%]?T#7(-,C6SU?^DS]@G]B[PU^Q-\&[B]\<^*;GXE_M%_
M$.UMO'?[5/[2OCC4CJ7B[XG_ !%ELEN]<N]0\1ZH(I]*^'WA)I+G2/ OAF%[
M+0O#?ANSMV2SBO9]0NKG^0S]I.]C_P""\O\ P7[^#FA?LUQMXI_9<_8LC\"Z
M=\1_C5H\9F\+ZEH'@'X@:GXY\9:YI.N0HL-Q:>,O$,L/@#X=R1SRQZ\=-G\5
M:4\VA33W\?TN1S_M&MF^&S6O+,<EPN6UZD\=B^:<Z%>G"]&IA*E7FJTYSJQM
M1I<UZL)OVE+W9TX\.)@L/3PT\-3CAL9.O3C&C1MRRA+XH581Y85>5*TY.*:=
MDFD]?] *W8,FX9P3T(Q@@#/Y]>.*GK\^_P!MG_@IK^QE_P $\M#T34?VI?C%
MIW@74/$\-S<^&_!VEZ+X@\:>/=<LK1S%=:M9>#_".FZKK<6@V\Z_9;CQ'J-K
MI_AZ"]DCLI-36\=('LW?_!3S]A72/V5_!'[9GB;]I#X?>#OV?/B-HDFM^"O&
M7BV^N= O_$OD27<%WH>B>#[^VC\8ZOXKL;RRN["\\*Z5H=]KT-Y:3P"QD*;F
M^+AE^.E3I5*>"Q$J-:?L</.%*I)5))M<D&H6FTHNW+?FY7;9V]IUZ*E*+J03
MA%2DG.-XQ>J<M>WWGWW1FOS0^+W_  5L_89^ O[+?PL_;!^+?QC7P1\&OC=H
MVG:U\(SJ_A7Q4GCWX@V>J6T-]9GPY\-HM)E\:7;?V=<VVI74\FC0VFG:?<VE
MWJEQ807EM))]A?L^_M!?"O\ :?\ @S\/_C[\%_$B^+OA;\3O#]OXE\'^(5T_
M4-*>^TV:22"07.F:K:V>I:;>VEY!<65[8W]M!<VUW;S12(-N3,\)BZ5/VM7"
MUZ=)U)T54G3E&#JTW:<%)Z2E%J2DD]'%K>+LXU:4WRQJ1E+E4N527-RO9\N]
MFK/;9KNCVVHW=1CYU!S_ '@#P#D5^1'[27_!=K_@EI^RKX_UGX6_%K]JGP\O
MCSPW=RZ?XH\/^ _"/Q!^*1\*ZG;N\-SI'B35?ASX4\3Z'HVM6EQ&T%]HE]J<
M.L6$RM'>6$+J17TW\'/^"A7['?Q[_9JG_:^\$?&WP[8_LU0WFNZ?<?%GX@VV
MM?"7PW:W?AS4&TC6DGF^)FG^$[J.*VU57TN*[%L+6ZU"*:QLI[B[26&/2>79
MA"G"M/ XJ-"K*-.%1T:B4YS5XQBG#WG)7:BG>2U6FI,,30G*<(UJ<G!-R2FK
MQLTG?IH^MUKIZ_,/P/\ ^"A7QN_:@_;W^,?[.WP4_9EM3^RC^S#XIUGP#\:_
MVO/%_CC4;.U\1_$G3=$9+CX<?"#P59>$WL]<UW0/&4L>G>*KZ\\5RV>G:'I]
M_=W:Z;>ZCX<LM7_7M#Q@C!STZ$\#G!_SD&O@G]CC]J3]BKXI?LX>(?BW^RYX
MJ\.Z?^S/\//$7C_3-0^(%QHFJ^ ? K7OA.637_B+XP_MCQI8Z$^K:0FH7^I:
MIXB\>WKR6NL:I'K6J7>KWLJW=VWS9X!_X+N_\$V_B/\ M!^$?V:/#WQD\6Q?
M$SXBZQI6@_#5-<^"'QI\/>&?B)J&N71L='?P?XGUCP+::9J.D:M=(Z:7XCE>
MV\.:D@\^PU>Z@996WQ&$JUJTHX+*ZU".$I0IUJ,8RE54H04JM;$+FM&K/XI0
MA:%./*HP5FWE2JPA&+K8F-1UI7@[Q44G91A"R6B5M6VFVVK(_8LD#J0/J12U
M^.'QU_X+R?\ !,W]G3XBM\._B;\>-6MI(?$NJ>#;_P <^%OA+\5_'/PITWQC
MH1C37?";_$OPCX.UCPCJ_B'0)I4M/$.F>'-3UR?P[>^98Z\-+O(I(5^Y_C[^
MVO\ LM?LN?"#3?CI^T!\;/!GPK^&6MVFG77A[7O%5S=6=[XIDU;3AJNG:;X4
M\,QVL_BKQ1KMUII:^7P]H.B:AKB6L5Q<2Z?'%;7+Q83P&/I^P]I@\1'ZU_NZ
M]E4O6LDWR+E5W%.[2O9>]LTWM]8H/GM6I_N[<[<XI1O:UV[):O?;5?/ZHR/7
MKT]Z*_'?]G'_ (+O?\$S/VL_C;X2_9V^!7QZUKQA\6_'-]J-CX7\+S?!CXU>
M'CJ4VCZ3J>NZH[:KXA\ :;I&G06.DZ1J%[<7&J7MC!#';2!Y-^Q7^G[K_@H[
M^QO'^U;X+_8ETGXZ>%/%W[3?C:3Q3';?"[P2U[XQU'PR?!GA?6_%_B(?$#5?
M#MKJ6@> +FRT;0;YX]+\6ZGI&L7=RUG#;Z<RW*RU53+<QI3E3JX'%4ZD:3KR
MA*C-2C12YG5:<5:G9/WY66A,<5AIJ\:U-IR44U):R=DHKNVVE;>^FY]TD@=3
MCZT5^9%M_P %?OV ;_\ ;-TS]@;1_C[HVO\ [2FIZKJ7AQ/#&@:%XDUCPW:>
M,-)TV]U6^\%:AX]T_3+CP9:>+8+73[V*?13K3W%GJ=M)H>H_8M>\O3)?JC]I
MK]K+]G_]COX8:A\8?VC?B;H'PP\!6-S;:=%JFLK?7=]K.M7JRM9:!X:\/:/9
MZCXA\4>(+Q8)Y+30_#VE:EJD\$$]PMK]G@GFARG@\93G1ISPM>,\1"-2C%TI
M*56$_AG!/5Q=G9VUM\QQQ%"2G)58.--\LY<RY8O3=WMU2]=#Z)DE1 <C(ZD]
M%Q@Y.X\#:!D^@Y]:_.W4OCA\>OVH-<\1^%OV/I/"7@#X8>&M>U3PIXH_:T^(
MF@W?C73=4\0:)=2Z7XET#]GOX86VH^'[3X@W'A_5(+S1=4^)_C#Q%IWP^T?Q
M#93V>C>'OB<+'5;.Q\;_ &8O^"MG[%'_  4KTSX\?"K]E;XN^((OB+X)^'7B
M:_UJ/QC\//&_P_N?#.E7L$_A^T\9I?>)]'L-*^Q6&KWUC.87U&+5+91YMYIU
MJD<C+X/_ ,$V/^"P?_!/CXF/^SY^P7\//B1_9G[0/AWX5:5X%C\#0^&/$+^"
MKSQ1\+?#3:;XMTSPE\2K73I? 7C*"=_#FLZYHFO:)K]Y8^*=(\O4K"[N+RZD
MLX^ZCEV.HPQ526!JRQ&'4)2A.G)QP].4.=UYQUC)6C=.2E3L_>O8PEB:-25*
M"KQC"I=7C)7G--+V2?1N]VE[UMGLS[1O?^":OPM\:PW\GQ[^/'[9_P"T+J&L
M1"/5QXR_:Q^,?PO\)7R+*TJ1#X1_LS>(_@/\&K:&$NJQ-#\/A=,(X&N[JZFB
M29?B[XB_\$C_ -EKXBZ9\3?"W[$7[7W[5O[)?QT\$I;Z7KWB']GK]M[X^>*X
M_"_BRZT^74_#FD_%SX?>+/BSXMBN=,D!AU2Y\,K<^$-:OM/Q+9ZE;+.)I?,?
M^"KO_!0WXN>(/VJ?@3_P2!_8>\4MX3_::_:6N+%_C'\;=. NKW]G/X,7UM<Z
MKK6J>'T1R(?B'J7@W3=;UZSO)2LGAS1XM+N[%EU7Q%I&I:1^MOPV^''[,?\
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M,/V\_#.F2^*? ?[3?PL^(OBVWMWO)_AM\4_@9:>%/A;XBNX]TK:%H'BKX?\
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M-R_C<WQ!^+FH>&?A]^SH/C=XT^$'PX\#^&9-&TR7XB^!]=D^*^M>/OB[J?\
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KCS<NA'Z[4T;NO:.[DTYI12DTW9R71O;H?M4 !G'<TM%%?GY]&%%%% '_V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
