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Subsequent Events | 12 Months Ended
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Dec. 31, 2020
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS During the first quarter of 2021, the Company resumed repurchases of its common shares and subsequent to December 31, 2020 through the period ended February 4, 2021, the Company repurchased 250,169 common shares in open market transactions at an aggregate cost of $38.7 million and an average share price of $154.75. Effective January 1, 2021, DaVinciRe completed an equity capital raise of $250.0 million, comprised of $150.9 million from third-party investors and $99.1 million from RenaissanceRe. In addition, RenaissanceRe sold an aggregate of $40.0 million of its shares in DaVinciRe to third-party investors and purchased an aggregate of $156.7 million of shares from third-party investors. The Company’s noncontrolling economic ownership in DaVinciRe subsequent to these transactions was 28.7%, effective January 1, 2021. Effective January 1, 2021, Upsilon RFO issued $470.3 million of non-voting preference shares to investors, including $32.3 million to the Company. Of the total amount, $620.3 million was received by the Company prior to December 31, 2020, with $150.0 million of that amount returned in January 2021. At December 31, 2020, $550.0 million, representing the amount received from investors other than the Company prior to December 31, 2020, is included in other liabilities on the Company's consolidated balance sheet, and also included in other operating cash flows on the Company's consolidated statements of cash flows for the year ended December 31, 2020. Effective January 1, 2021, the Company's participation in the risks assumed by Upsilon RFO was 12.4%.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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