PEMBROKE, Bermuda--(BUSINESS WIRE)--Jan. 11, 2006--RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today that Todd R. Fonner, the Company's Treasurer, and Stephen H. Weinstein, the Company's Chief Compliance Officer, General Counsel and Secretary, have both been promoted to the position of Senior Vice President.

"We are very pleased to recognize the substantial contributions both Todd and Steve have made to RenaissanceRe with these promotions," said Neill A. Currie, Chief Executive Officer of RenaissanceRe Holdings Ltd. "Todd has done a superb job in managing our relationships with investors, banks, and rating agencies, as well as managing our treasury and corporate risk activities. RenaissanceRe and its constituents will continue to benefit from his efforts.

"Since he joined RenaissanceRe in 2002, Steve has established a strong in-house compliance and legal function consistent with the needs of a growing company committed to leadership in these areas. We look forward to his continued contributions," continued Mr. Currie.

Mr. Fonner, 39, joined RenaissanceRe in 2001 as Vice President and Treasurer. Prior to joining RenaissanceRe, Mr. Fonner served as Vice President of Centre Solutions, responsible for underwriting and structuring finance and credit related transactions. From 1993 to 1996 he served as Manager of Strategic Planning for USF&G. He has over 15 years of insurance and reinsurance industry experience.

Mr. Fonner graduated with a B.A. in Mathematics from Middlebury College and received an M.B.A. in Finance from the University of Chicago.

Mr. Weinstein, 37, joined RenaissanceRe in 2002 as Vice President and General Counsel. Prior to joining RenaissanceRe, Mr. Weinstein specialized in corporate law at Willkie Farr & Gallagher. Mr. Weinstein is admitted to practice in New York State and the District of Columbia, and is a member of the Law Committee of the Reinsurance Association of America, the Policy Committee of the Association of Bermuda Insurers and Reinsurers, the American Bar Association and other legal and industry associations.

Mr. Weinstein graduated with a B.A. from Columbia College and received a J.D. from Harvard Law School.

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. Our business consists of two segments: (1) Reinsurance, which includes catastrophe reinsurance, specialty reinsurance and certain joint ventures and other investments managed by our subsidiary RenaissanceRe Ventures Ltd., and (2) Individual Risk business, which includes primary insurance and quota share reinsurance.

Cautionary Statement under "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this news release contain information about the Company's future business prospects. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to RenaissanceRe Holdings Ltd.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2004 and its Quarterly Reports on Form 10-Q for the periods ending March 31, 2005, June 30, 2005, and September 30, 2005.

CONTACT: Investor:
RenaissanceRe Holdings Ltd.
Todd R. Fonner, 441-239-4801
or
Media:
Kekst and Company
David Lilly or Dawn Dover, 212-521-4800

SOURCE: RenaissanceRe Holdings Ltd.