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Debt and Credit Facilities | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Debt and Credit Facilities | DEBT AND CREDIT FACILITIES Except as noted below, there have been no material changes to the Company’s debt obligations and credit facilities as described in its Form 10-K for the year ended December 31, 2017. Debt Obligations A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:
|  | March 31, 2018 |  | December 31, 2017 |
|  | Fair Value |  | Carrying Value |  | Fair Value |  | Carrying Value |
| 3.450% Senior Notes due 2027 | $ | 283,281 |  |  | $ | 295,425 |  |  | $ | 294,654 |  |  | $ | 295,303 |  |
| 3.700% Senior Notes due 2025 | 294,864 |  |  | 297,409 |  |  | 302,781 |  |  | 297,318 |  |
| 5.75% Senior Notes due 2020 | 262,188 |  |  | 249,353 |  |  | 263,750 |  |  | 249,272 |  |
| 4.750% Senior Notes due 2025 (DaVinciRe) (1) | 153,546 |  |  | 147,808 |  |  | 157,050 |  |  | 147,730 |  |
|  | $ | 993,879 |  |  | $ | 989,995 |  |  | $ | 1,018,235 |  |  | $ | 989,623 |  |
(1) | RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinciRe. Because RenaissanceRe controls a majority of DaVinciRe’s outstanding voting rights, the consolidated financial statements of DaVinciRe are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinciRe and RenaissanceRe’s financial exposure to DaVinciRe is limited to its investment in DaVinciRe’s shares and counterparty credit risk arising from reinsurance transactions.
Credit Facilities The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:
| At March 31, 2018 | Issued or Drawn |
| RenaissanceRe Revolving Credit Facility | $ | — |  |
| Uncommitted Standby Letter of Credit Facility with Wells Fargo | 101,679 |  |
| Bilateral Letter of Credit Facility with Citibank Europe | 186,709 |  |
| Funds at Lloyd’s Letter of Credit Facilities |  |
| Renaissance Reinsurance FAL Facility | 180,000 |  |
| Total credit facilities in U.S. dollars | $ | 468,388 |  |
| Funds at Lloyd’s Letter of Credit Facilities |  |
| Specialty Risks FAL Facility | £ | 10,000 |  |
| Total credit facilities in British Pounds | £ | 10,000 |  |
National Australia Bank Limited Standby Letter of Credit Agreement Effective as of March 23, 2018, the Company terminated the Standby Letter of Credit Agreement, dated as of May 19, 2015, among National Australia Bank Limited (“NAB”) and Renaissance Reinsurance, RenaissanceRe Specialty Risks Ltd., DaVinci and Platinum Underwriters Bermuda, Ltd. (collectively, the “NAB Facility Applicants”) (the “NAB Standby Letter of Credit Agreement”). The NAB Standby Letter of Credit Agreement provided for a secured, uncommitted facility under which letters of credit were issued from time to time for the respective accounts of the NAB Facility Applicants in multiple currencies. RenaissanceRe unconditionally guaranteed the payment obligations of the NAB Facility Applicants, other than DaVinci.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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