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Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:

		June 30, 2019								December 31, 2018
		Fair Value				Carrying Value				Fair Value				Carrying Value
	3.600% Senior Notes due 2029	$	409,760			$	391,016			$	—			$	—
	3.450% Senior Notes due 2027	304,620				296,043				283,680				295,797
	3.700% Senior Notes due 2025	311,763				297,871				292,557				297,688
	5.750% Senior Notes due 2020	255,650				249,766				255,938				249,602
	4.750% Senior Notes due 2025 (DaVinciRe) (1)	150,225				148,194				142,539				148,040
	Total debt	$	1,432,018			$	1,382,890			$	974,714			$	991,127

(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.

Schedule of Line of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:

	At June 30, 2019	Issued or Drawn
	RenaissanceRe Revolving Credit Facility (1)	$	—
	Uncommitted Standby Letter of Credit Facility with Wells Fargo	32,009
	Secured Letter of Credit Facility with Citibank Europe	238,267
	Renaissance Reinsurance FAL Facility	255,000
	Mizuho Letters of Credit (2)	188,873
	Mitsubishi Letters of Credit (2)	154,521
	Credit Suisse Letter of Credit Facility	111,052
	Uncommitted, Unsecured Letter of Credit Facility with Citibank Europe	221,909
	Total credit facilities in U.S. dollars	$	1,201,631
	Specialty Risks FAL Facility (1)	£	—
	Total credit facilities in pound sterling	£	—

(1) At June 30, 2019, no amounts were issued or drawn under these facilities.

(2) These letters of credit were transferred to the Company in connection with the acquisition of the TMR Group Entities. See below under “TMR Group Entities Letters of Credit” for additional information and “Note 3. Acquisition of Tokio Millennium Re” for additional information related to the acquisition of the TMR Group Entities.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

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