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Assets and Liabilities Held For Sale | 6 Months Ended
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Jun. 30, 2020
Transfers and Servicing [Abstract] |
Assets and Liabilities Held For Sale | ASSETS AND LIABILITIES HELD FOR SALE On February 4, 2020, RenaissanceRe Specialty Holdings entered into an agreement to sell its wholly owned subsidiary, RenaissanceRe UK, a U.K. run-off company, to an investment vehicle managed by AXA Liabilities Managers, an affiliate of AXA XL. The sale received regulatory approval on July 17, 2020 and is expected to close in the third quarter of 2020. The estimated purchase price was calculated based on preliminary book value. The ultimate purchase price will be determined following receipt of regulatory approval, based on the closing book value. The Company classified the assets and liabilities of RenaissanceRe UK as held for sale. The financial results of RenaissanceRe UK are recorded in the Company’s consolidated statements of operations as part of net income (loss) available (attributable) to RenaissanceRe common shareholders for the three and six months ended June 30, 2020. The underwriting activities of RenaissanceRe UK are principally all within the Company’s Casualty and Specialty segment. The carrying value of the major classes of assets and liabilities held for sale at June 30, 2020 and December 31, 2019 are as follows:
|  | June 30, 2020 |  | December 31, 2019 |
| Assets of RenaissanceRe UK held for sale |  |  |  |
| Total investments | $ | 316,401 |  |  | $ | 458,731 |  |
| Other assets | 22,527 |  |  | 40,284 |  |
| Total assets held for sale | $ | 338,928 |  |  | $ | 499,015 |  |
| Liabilities of RenaissanceRe UK held for sale |  |  |  |
| Reserve for claims and claim expenses | $ | 158,826 |  |  | $ | 199,436 |  |
| Other liabilities | 3,054 |  |  | 925 |  |
| Total liabilities held for sale | $ | 161,880 |  |  | $ | 200,361 |  |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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- References No definition available. + Details
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