Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2018	Jul. 20, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	RENAISSANCERE HOLDINGS LTD.
Trading Symbol	RNR
Entity Central Index Key	0000913144
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		40,263,226

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Fixed maturity investments trading, at fair value – amortized cost $7,499,997 at June 30, 2018 (December 31, 2017 – $7,434,870)	$ 7,420,778	$ 7,426,555
Short term investments, at fair value	2,031,943	991,863
Equity investments trading, at fair value	432,804	388,254
Other investments, at fair value	713,200	594,793
Investments in other ventures, under equity method	111,935	101,974
Total investments	10,710,660	9,503,439
Cash and cash equivalents	548,472	1,361,592
Premiums receivable	1,959,647	1,304,622
Prepaid reinsurance premiums	925,501	533,546
Reinsurance recoverable	1,454,991	1,586,630
Accrued investment income	44,810	42,235
Deferred acquisition costs	511,155	426,551
Receivable for investments sold	505,907	103,145
Other assets	122,048	121,226
Goodwill and other intangible assets	240,187	243,145
Total assets	17,023,378	15,226,131
Liabilities
Reserve for claims and claim expenses	4,702,345	5,080,408
Unearned premiums	2,267,450	1,477,609
Debt	990,371	989,623
Reinsurance balances payable	2,085,034	989,090
Payable for investments purchased	490,589	208,749
Other liabilities	134,100	792,771
Total liabilities	10,669,889	9,538,250
Commitments and Contingencies
Redeemable noncontrolling interests	1,493,428	1,296,506
Shareholders’ Equity
Preference shares: $1.00 par value – 16,010,000 shares issued and outstanding at June 30, 2018 (December 31, 2017 – 16,000,000)	650,000	400,000
Common shares: $1.00 par value – 40,263,226 shares issued and outstanding at June 30, 2018 (December 31, 2017 – 40,023,789)	40,263	40,024
Additional paid-in capital	35,094	37,355
Accumulated other comprehensive (loss) income	(1,101)	224
Retained earnings	4,135,805	3,913,772
Total shareholders’ equity attributable to RenaissanceRe	4,860,061	4,391,375
Total liabilities, noncontrolling interests and shareholders’ equity	$ 17,023,378	$ 15,226,131

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Fixed maturity investments trading, amortized cost	$ 7,499,997	$ 7,434,870
Preference shares, par value (In dollars per share)	$ 1	$ 1
Preference shares, shares issued (In shares)	16,010,000	16,000,000
Preference shares, shares outstanding (In shares)	16,010,000	16,000,000
Common shares, par value (In dollars per share)	$ 1	$ 1
Common shares, Shares issued (In shares)	40,263,226	40,023,789
Common shares, shares outstanding (In shares)	40,263,226	40,023,789

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Gross premiums written	$ 977,343	$ 827,415	$ 2,136,995	$ 1,749,505
Net premiums written	604,509	555,745	1,267,553	1,099,881
Increase in unearned premiums	(175,124)	(173,480)	(397,886)	(351,571)
Net premiums earned	429,385	382,265	869,667	748,310
Net investment income	71,356	54,163	127,832	108,488
Net foreign exchange (losses) gains	(10,687)	3,109	(6,930)	11,274
Equity in earnings of other ventures	5,826	5,543	6,683	4,036
Other income (loss)	1,225	2,392	(17)	4,057
Net realized and unrealized (losses) gains on investments	(17,901)	58,113	(100,045)	101,486
Total revenues	479,204	505,585	897,190	977,651
Expenses
Net claims and claim expenses incurred	60,167	142,587	231,870	335,668
Acquisition expenses	105,052	88,251	202,763	171,533
Operational expenses	37,543	41,766	78,815	89,049
Corporate expenses	8,301	4,636	15,034	9,922
Interest expense	11,768	10,091	23,535	20,617
Total expenses	222,831	287,331	552,017	626,789
Income before taxes	256,373	218,254	345,173	350,862
Income tax expense	(4,506)	(3,904)	(1,099)	(4,238)
Net income	251,867	214,350	344,074	346,624
Net income attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Net income attributable to RenaissanceRe	197,384	176,738	259,692	274,685
Dividends on preference shares	(5,596)	(5,596)	(11,191)	(11,191)
Net income available to RenaissanceRe common shareholders	$ 191,788	$ 171,142	$ 248,501	$ 263,494
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share)	$ 4.78	$ 4.25	$ 6.21	$ 6.50
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share)	4.78	4.24	6.21	6.47
Dividends declared per common share (in dollars per share)	$ 0.33	$ 0.32	$ 0.66	$ 0.64

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Comprehensive income
Net income	$ 251,867	$ 214,350	$ 344,074	$ 346,624
Change in net unrealized gains on investments	(1,295)	219	(1,325)	(1,272)
Comprehensive income	250,572	214,569	342,749	345,352
Net income attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive income attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive income attributable to RenaissanceRe	$ 196,089	$ 176,957	$ 258,367	$ 273,413

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preference shares	Common shares	Additional paid-in capital	Accumulated other comprehensive (loss) income	Retained earnings
Beginning balance at Dec. 31, 2016		$ 400,000	$ 41,187	$ 216,558	$ 1,133	$ 4,207,699
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares		0
Repurchase of shares			(1,052)	(148,608)
Offering expenses				0
Exercise of options and issuance of restricted stock awards			147	(61)
Change in redeemable noncontrolling interests				(306)
Change in net unrealized gains on investments					(1,272)
Cumulative effect of adoption of ASU 2016-09 (Note 2)						2,213
Net income	$ 274,685					346,624
Net income attributable to redeemable noncontrolling interests	(71,939)					(71,939)
Dividends on common shares						(25,877)
Dividends on preference shares	(11,191)					(11,191)
Ending balance at Jun. 30, 2017	4,955,255	400,000	40,282	67,583	(139)	4,447,529
Beginning balance at Dec. 31, 2017	4,391,375	400,000	40,024	37,355	224	3,913,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares		250,000
Repurchase of shares			0	0
Offering expenses				(8,498)
Exercise of options and issuance of restricted stock awards			239	5,910
Change in redeemable noncontrolling interests				327
Change in net unrealized gains on investments					(1,325)
Cumulative effect of adoption of ASU 2016-09 (Note 2)						0
Net income	259,692					344,074
Net income attributable to redeemable noncontrolling interests	(84,382)					(84,382)
Dividends on common shares						(26,468)
Dividends on preference shares	(11,191)					(11,191)
Ending balance at Jun. 30, 2018	$ 4,860,061	$ 650,000	$ 40,263	$ 35,094	$ (1,101)	$ 4,135,805

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows provided by operating activities
Net income	$ 344,074	$ 346,624
Adjustments to reconcile net income to net cash provided by operating activities
Amortization, accretion and depreciation	24,741	11,499
Equity in undistributed earnings of other ventures	(7,262)	20,304
Net realized and unrealized losses (gains) on investments	100,045	(101,486)
Net unrealized gains included in net investment income	(8,714)	(12,491)
Change in:
Premiums receivable	(655,025)	(546,510)
Prepaid reinsurance premiums	(391,955)	(264,062)
Reinsurance recoverable	131,639	(91,022)
Deferred acquisition costs	(84,604)	(94,781)
Reserve for claims and claim expenses	(378,063)	141,512
Unearned premiums	789,841	615,633
Reinsurance balances payable	1,095,944	378,511
Other	(611,550)	(82,708)
Net cash provided by operating activities	349,111	321,023
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	4,813,208	5,163,972
Purchases of fixed maturity investments trading	(5,014,011)	(5,451,362)
Net (purchases) sales of equity investments trading	(34,298)	46,305
Net (purchases) sales of short term investments	(1,062,422)	276,075
Net (purchases) sales of other investments	(111,921)	2,551
Net purchases of investments in other ventures	(20,952)	0
Return of investment from investment in other ventures	8,464	20,000
Net cash (used in) provided by investing activities	(1,421,932)	57,541
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	(26,468)	(25,877)
Dividends paid – preference shares	(11,191)	(11,191)
RenaissanceRe common share repurchases	0	(145,940)
Issuance of debt, net of expenses	0	295,866
Repayment of debt	0	(250,000)
Issuance of preference shares, net of expenses	242,371	0
Net third party redeemable noncontrolling interest share transactions	64,534	(33,655)
Taxes paid on withholding shares	(7,044)	(11,251)
Net cash provided by (used in) financing activities	262,202	(182,048)
Effect of exchange rate changes on foreign currency cash	(2,501)	5,477
Net (decrease) increase in cash and cash equivalents	(813,120)	201,993
Cash and cash equivalents, beginning of period	1,361,592	421,157
Cash and cash equivalents, end of period	$ 548,472	$ 623,150

Organization

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

ORGANIZATION

This report on Form 10-Q should be read in conjunction with the RenaissanceRe’s Annual Report on Form 10-K (“Form 10-K”) for the fiscal year ended December 31, 2017.

RenaissanceRe was formed under the laws of Bermuda on June 7, 1993. Together with its wholly owned and majority-owned subsidiaries and DaVinciRe (as defined below), the Company provides property, casualty and specialty reinsurance and certain insurance solutions to its customers.


•	Renaissance Reinsurance, a Bermuda-domiciled reinsurance company, is the Company’s principal reinsurance subsidiary and provides property, casualty and specialty reinsurance coverages to insurers and reinsurers on a worldwide basis.


•	Renaissance Reinsurance U.S. Inc. (“Renaissance Reinsurance U.S.”) is a reinsurance company domiciled in the state of Maryland that provides property, casualty and specialty reinsurance coverages to insurers and reinsurers, primarily in the Americas.

•

RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency domiciled in the state of Connecticut, provides specialty treaty reinsurance solutions on both a quota share and excess of loss basis; and writes business on behalf of RenaissanceRe Specialty U.S. Ltd. (“RenaissanceRe Specialty U.S.”), a Bermuda-domiciled reinsurer, which operates subject to U.S. federal income tax, and RenaissanceRe Syndicate 1458 (“Syndicate 1458”).


•	Syndicate 1458 is the Company’s Lloyd’s syndicate. RenaissanceRe Corporate Capital (UK) Limited (“RenaissanceRe CCL”), a wholly owned subsidiary of RenaissanceRe, is Syndicate 1458’s sole corporate member and RenaissanceRe Syndicate Management Ltd. (“RSML”), a wholly owned subsidiary of RenaissanceRe, is the managing agent for Syndicate 1458.

•

The Company also manages property, casualty and specialty reinsurance business written on behalf of joint ventures, which principally include Top Layer Reinsurance Ltd. (“Top Layer Re”), recorded under the equity method of accounting, and DaVinci Reinsurance Ltd. (“DaVinci”). Because the Company owns a noncontrolling equity interest in, but controls a majority of the outstanding voting power of DaVinci’s parent, DaVinciRe Holdings Ltd. (“DaVinciRe”), the results of DaVinci and DaVinciRe are consolidated in the Company’s financial statements and all significant intercompany transactions have been eliminated. Redeemable noncontrolling interest - DaVinciRe represents the interests of external parties with respect to the net income and shareholders’ equity of DaVinciRe. Renaissance Underwriting Managers, Ltd. (“RUM”), a wholly owned subsidiary of RenaissanceRe, acts as exclusive underwriting manager for these joint ventures in return for fee-based income and profit participation.

•

RenaissanceRe Medici Fund Ltd. (“Medici”) is an exempted fund, incorporated under the laws of Bermuda. Medici’s objective is to seek to invest substantially all of its assets in various insurance based investment instruments that have returns primarily tied to property catastrophe risk. Third-party investors have subscribed for a portion of the participating, non-voting common shares of Medici. Because the Company owns a noncontrolling equity interest in, but controls a majority of the outstanding voting power of Medici’s parent, RenaissanceRe Fund Holdings Ltd. (“Fund Holdings”), the results of Medici and Fund Holdings are consolidated in the Company’s financial statements and all significant inter-company transactions have been eliminated. Redeemable noncontrolling interest - Medici represents the interests of external parties with respect to the net income and shareholders’ equity of Medici.

•

Upsilon RFO Re Ltd., formerly known as Upsilon Reinsurance II Ltd. (“Upsilon RFO”), a Bermuda domiciled special purpose insurer (“SPI”), is a managed joint venture formed by the Company to provide additional capacity to the worldwide aggregate and per-occurrence primary and retrocessional property catastrophe excess of loss market. Upsilon RFO is considered a variable interest entity (“VIE”) and the Company is considered the primary beneficiary. As a result, Upsilon RFO is consolidated by the Company and all significant inter-company transactions have been eliminated.

•

RenaissanceRe Upsilon Fund Ltd. (“Upsilon Fund”), an exempted Bermuda segregated accounts company, was formed by the Company to provide a fund structure through which third-party investors can invest in reinsurance risk managed by the Company. As a segregated accounts company, Upsilon Fund is permitted to establish segregated accounts to invest in and hold identified pools of assets and liabilities. Each pool of assets and liabilities in each segregated account is structured to be ring-fenced from any claims from the creditors of Upsilon Fund’s general account and from the creditors of other segregated accounts within Upsilon Fund. Third-party investors purchase redeemable, non-voting preference shares linked to specific segregated accounts of Upsilon Fund and own 100% of these shares. Upsilon Fund is an investment company and is considered a VIE. The Company is not considered the primary beneficiary of Upsilon Fund and, as a result, the Company does not consolidate the financial position and results of operations of Upsilon Fund.

•

Effective November 7, 2016, Fibonacci Reinsurance Ltd. ("Fibonacci Re"), a Bermuda-domiciled SPI, was formed to provide collateralized capacity to Renaissance Reinsurance and its affiliates. Fibonacci Re raised capital from third-party investors and the Company, via private placements of participating notes which are listed on the Bermuda Stock Exchange. Fibonacci Re is considered a VIE. The Company is not considered the primary beneficiary of Fibonacci Re and, as a result, the Company does not consolidate the financial position and results of operations of Fibonacci Re.

•

Effective December 22, 2017, the Company and Reinsurance Group of America, Incorporated closed an initiative (“Langhorne”) to source third party capital to support reinsurers targeting large in-force life and annuity blocks. Langhorne Holdings LLC (“Langhorne Holdings”) is a company that owns and manages certain reinsurance entities within Langhorne. Langhorne Partners LLC (“Langhorne Partners”) is the general partner for Langhorne and the entity which manages the third-party investors investing into Langhorne Holdings. The Company concluded that Langhorne Holdings meets the definition of a VIE. The Company is not the primary beneficiary of Langhorne Holdings and as a result, the Company does not consolidate the financial position or results of operations of Langhorne Holdings. The Company concluded that Langhorne Partners is not a VIE. The Company will account for its investments in Langhorne Holdings and Langhorne Partners under the equity method of accounting, one quarter in arrears.

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES There have been no material changes to the Company’s significant accounting policies as described in its Form 10-K for the year ended December 31, 2017, except as noted below. BASIS OF PRESENTATION These consolidated financial statements have been prepared on the basis of accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in conformity with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, these unaudited consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position and results of operations as at the end of and for the periods presented. All significant intercompany accounts and transactions have been eliminated from these statements. Certain comparative information has been reclassified to conform to the current presentation. Because of the seasonality of the Company’s business, the results of operations and cash flows for any interim period will not necessarily be indicative of the results of operations and cash flows for the full fiscal year or subsequent quarters. USE OF ESTIMATES IN FINANCIAL STATEMENTS The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The major estimates reflected in the Company’s consolidated financial statements include, but are not limited to, the reserve for claims and claim expenses; reinsurance recoverables, including allowances for reinsurance recoverables deemed uncollectible; estimates of written and earned premiums; fair value, including the fair value of investments, financial instruments and derivatives; impairment charges; and the Company’s deferred tax valuation allowance. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides comprehensive guidance on the recognition of revenue from customers arising from the transfer of goods and services. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also provides guidance on accounting for certain contract costs and will also require new disclosures. ASU 2014-09 was to be effective for public business entities in annual and interim periods beginning after December 15, 2016, however in July 2015, the FASB decided to defer by one year the effective dates of ASU 2014-09, and as a result, ASU 2014-09 is effective for public business entities in annual and interim periods beginning after December 15, 2017. ASU 2014-09 notably excludes the accounting for insurance contracts, leases, financial instruments and guarantees. The Company’s implementation efforts primarily focused on other income and operational expenses on its consolidated statements of operations. The adoption of ASU 2014-09 did not have a material impact on the Company’s consolidated statements of operations and financial position. Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in the consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, simplifies the impairment assessment of equity investments without readily determinable values by requiring a qualitative assessment to identify impairment, eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost, requires the use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the organization has elected to measure the liabilities in accordance with the fair value option, requires the separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and clarifies that the reporting organization should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the organization’s other deferred tax assets. ASU 2016-01 is effective for public business entities in annual and interim periods beginning after December 15, 2017. The adoption of ASU 2016-01 did not have a material impact on the Company’s consolidated statements of operations and financial position. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 clarifies the classification of receipts and payments in the statement of cash flows. ASU 2016-15 provides guidance related to (1) settlement and payment of zero coupon debt instruments, (2) contingent consideration, (3) proceeds from settlement of insurance claims, (4) proceeds from settlement of corporate and bank owned life insurance policies, (5) distributions from equity method investees, (6) cash receipts from beneficial interests obtained by a transferor, and (7) general guidelines for cash receipts and payments that have more than one aspect of classification. ASU 2016-15 is effective for public business entities for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU 2016-15 resulted in the reclassification of $20.0 million of cash inflows from cash flows provided by operating activities, to cash flows used in investing activities for the six months ended June 30, 2017. This amount related to a return of investment associated with the Company’s investment in Top Layer Reinsurance Ltd, recorded under the equity method of accounting. Improvements to Employee Share-Based Payment Accounting In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 was issued to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and the classification of taxes paid on the statements of cash flows. ASU 2016-09 became effective for the Company in annual and interim periods beginning after December 15, 2016. The cumulative effect of the adoption of ASU 2016-09 was a $2.2 million increase to opening retained earnings as of January 1, 2017. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under previous guidance. ASU 2016-02 is effective for public business entities for annual and interim periods beginning after December 15, 2018. Early application is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 modifies the recognition of credit losses by replacing the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is applicable to financial assets such as loans, debt securities, trade receivables, off-balance sheet credit exposures, reinsurance receivables, and other financial assets that have the contractual right to receive cash. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The Company's invested assets are measured at fair value through net income, and therefore those invested assets would not be impacted by the adoption of ASU 2016-13. The Company has other financial assets, such as reinsurance recoverables, that could be impacted by the adoption of ASU 2016-13. ASU 2016-13 is effective for public business entities that are SEC filers for annual and interim periods beginning after December 15, 2019. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 requires entities to recognize the income tax consequences of intra-entity transfers of assets other than inventory when the transfers occur; this is a change from current guidance which prohibits the recognition of current and deferred income taxes until the underlying assets have been sold to outside entities. ASU 2016-16 is effective for public business entities for annual and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). Among other things, ASU 2017-04 requires the following: (1) the elimination of step two of the goodwill impairment test; entities will no longer utilize the implied fair value of their assets and liabilities for purposes of testing goodwill for impairment, (2) the quantitative portion of the goodwill impairment test will be performed by comparing the fair value of a reporting unit with its carrying amount; an impairment charge is to be recognized for the excess of carrying amount over fair value, but only to the extent of the amount of goodwill allocated to that reporting unit, and (3) foreign currency translation adjustments are not to be allocated to a reporting unit from an entity’s accumulated other comprehensive income; the reporting unit’s carrying amount should include only the currently translated balances of the assets and liabilities assigned to the reporting unit. ASU 2017-04 is effective for public business entities that are SEC filers for annual periods, or any interim goodwill impairment tests in annual periods, beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position.

Investments

6 Months Ended

Jun. 30, 2018

Investments [Abstract]

Investments

INVESTMENTS

Fixed Maturity Investments Trading

The following table summarizes the fair value of fixed maturity investments trading:




	June 30, 2018		December 31, 2017
U.S. treasuries	$	2,968,855	$	3,168,763
Agencies	55,199		47,646
Municipal	6,164		509,802
Non-U.S. government (Sovereign debt)	298,811		287,660
Non-U.S. government-backed corporate	185,640		163,651
Corporate	2,280,080		2,063,459
Agency mortgage-backed	762,077		500,456
Non-agency mortgage-backed	300,311		300,331
Commercial mortgage-backed	248,590		202,062
Asset-backed	315,051		182,725
Total fixed maturity investments trading	$	7,420,778	$	7,426,555

Contractual maturities of fixed maturity investments trading are described in the following table. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.




June 30, 2018	Amortized Cost		Fair Value
Due in less than one year	$	385,371	$	383,353
Due after one through five years	4,482,713		4,421,536
Due after five through ten years	917,280		904,070
Due after ten years	88,229		85,790
Mortgage-backed	1,310,933		1,310,978
Asset-backed	315,471		315,051
Total	$	7,499,997	$	7,420,778

Equity Investments Trading

The following table summarizes the fair value of equity investments trading:




	June 30, 2018		December 31, 2017
Financials	$	293,779	$	253,543
Communications and technology	55,100		49,526
Industrial, utilities and energy	33,097		34,325
Consumer	24,678		24,779
Healthcare	21,960		21,364
Basic materials	4,190		4,717
Total	$	432,804	$	388,254

Pledged Investments

At June 30, 2018, $4.9 billion of cash and investments at fair value were on deposit with, or in trust accounts for the benefit of, various counterparties, including with respect to the Company’s letter of credit facilities (December 31, 2017 - $4.4 billion). Of this amount, $1.7 billion is on deposit with, or in trust accounts for the benefit of, U.S. state regulatory authorities (December 31, 2017 - $1.7 billion).

Reverse Repurchase Agreements

At June 30, 2018, the Company held $91.8 million (December 31, 2017 - $30.0 million) of reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of short term investments on the Company’s consolidated balance sheets. The required collateral for these loans typically includes high-quality, readily marketable instruments at a minimum amount of 102% of the loan principal. Upon maturity, the Company receives principal and interest income.

Net Investment Income

The components of net investment income are as follows:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Fixed maturity investments	$	50,416		$	44,356		$	96,059		$	87,775
Short term investments	7,633			2,981			12,937			4,705
Equity investments	1,490			889			2,188			1,700
Other investments
Private equity investments	3,860			6,611			3,426			14,413
Other	10,658			2,899			18,681			6,971
Cash and cash equivalents	1,039			295			1,604			484
	75,096			58,031			134,895			116,048
Investment expenses	(3,740		)	(3,868		)	(7,063		)	(7,560		)
Net investment income	$	71,356		$	54,163		$	127,832		$	108,488

Net Realized and Unrealized (Losses) Gains on Investments

Net realized and unrealized (losses) gains on investments are as follows:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Gross realized gains	$	5,133		$	15,249		$	9,716		$	26,710
Gross realized losses	(26,519		)	(7,243		)	(52,372		)	(23,776		)
Net realized (losses) gains on fixed maturity investments	(21,386		)	8,006			(42,656		)	2,934
Net unrealized (losses) gains on fixed maturity investments trading	(9,420		)	18,760			(64,792		)	43,395
Net realized and unrealized gains (losses) on investments-related derivatives	1,038			(268		)	(3,326		)	(324		)
Net realized gains on equity investments trading sold during the period	348			15,146			582			36,061
Net unrealized gains on equity investments trading still held at reporting date	11,519			16,469			10,147			19,420
Net realized and unrealized gains on equity investments trading	11,867			31,615			10,729			55,481
Net realized and unrealized (losses) gains on investments	$	(17,901	)	$	58,113		$	(100,045	)	$	101,486

Fair Value Measurements

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

The use of fair value to measure certain assets and liabilities with resulting unrealized gains or losses is pervasive within the Company’s consolidated financial statements. Fair value is defined under accounting guidance currently applicable to the Company to be the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between open market participants at the measurement date. The Company recognizes the change in unrealized gains and losses arising from changes in fair value in its consolidated statements of operations.

FASB ASC Topic Fair Value Measurements and Disclosures prescribes a fair value hierarchy that prioritizes the inputs to the respective valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to valuation techniques that use at least one significant input that is unobservable (Level 3). The three levels of the fair value hierarchy are described below:


•	Fair values determined by Level 1 inputs utilize unadjusted quoted prices obtained from active markets for identical assets or liabilities for which the Company has access. The fair value is determined by multiplying the quoted price by the quantity held by the Company;

•

Fair values determined by Level 2 inputs utilize inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals, broker quotes and certain pricing indices; and

•

Level 3 inputs are based all or in part on significant unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In these cases, significant management assumptions can be used to establish management’s best estimate of the assumptions used by other market participants in determining the fair value of the asset or liability.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement of the asset or liability. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and the Company considers factors specific to the asset or liability.

In order to determine if a market is active or inactive for a security, the Company considers a number of factors, including, but not limited to, the spread between what a seller is asking for a security and what a buyer is bidding for the same security, the volume of trading activity for the security in question, the price of the security compared to its par value (for fixed maturity investments), and other factors that may be indicative of market activity.

There have been no material changes in the Company’s valuation techniques, nor have there been any transfers between Level 1 and Level 2, or Level 2 and Level 3 during the period represented by these consolidated financial statements.

Below is a summary of the assets and liabilities that are measured at fair value on a recurring basis and also represents the carrying amount on the Company’s consolidated balance sheets:




At June 30, 2018	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Fixed maturity investments
U.S. treasuries	$	2,968,855		$	2,968,855		$	—		$	—
Agencies	55,199			—			55,199			—
Municipal	6,164			—			6,164			—
Non-U.S. government (Sovereign debt)	298,811			—			298,811			—
Non-U.S. government-backed corporate	185,640			—			185,640			—
Corporate	2,280,080			—			2,280,080			—
Agency mortgage-backed	762,077			—			762,077			—
Non-agency mortgage-backed	300,311			—			300,311			—
Commercial mortgage-backed	248,590			—			248,590			—
Asset-backed	315,051			—			315,051			—
Total fixed maturity investments	7,420,778			2,968,855			4,451,923			—
Short term investments	2,031,943			—			2,031,943			—
Equity investments trading	432,804			432,804			—			—
Other investments
Catastrophe bonds	501,025			—			501,025			—
Private equity partnerships (1)	186,200			—			—			—
Senior secured bank loan funds (1)	14,414			—			—			—
Hedge funds (1)	11,561			—			—			—
Total other investments	713,200			—			501,025			—
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts (2)	(2,018		)	—			—			(2,018		)
Derivatives (3)	(2,161		)	(95		)	(2,066		)	—
Total other assets and (liabilities)	(4,179		)	(95		)	(2,066		)	(2,018		)
	$	10,594,546		$	3,401,564		$	6,982,825		$	(2,018	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.


(2)	Included in assumed and ceded (re)insurance contracts at June 30, 2018 was $2.5 million and $4.5 million of other assets and other liabilities, respectively.


(3)	See “Note 13. Derivative Instruments” for additional information related to the fair value by type of contract, of derivatives entered into by the Company.




At December 31, 2017	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed maturity investments
U.S. treasuries	$	3,168,763		$	3,168,763		$	—	$	—
Agencies	47,646			—			47,646		—
Municipal	509,802			—			509,802		—
Non-U.S. government (Sovereign debt)	287,660			—			287,660		—
Non-U.S. government-backed corporate	163,651			—			163,651		—
Corporate	2,063,459			—			2,063,459		—
Agency mortgage-backed	500,456			—			500,456		—
Non-agency mortgage-backed	300,331			—			300,331		—
Commercial mortgage-backed	202,062			—			202,062		—
Asset-backed	182,725			—			182,725		—
Total fixed maturity investments	7,426,555			3,168,763			4,257,792		—
Short term investments	991,863			—			991,863		—
Equity investments trading	388,254			388,254			—		—
Other investments
Catastrophe bonds	380,475			—			380,475		—
Private equity partnerships (1)	196,220			—			—		—
Senior secured bank loan funds (1)	17,574			—			—		—
Hedge funds (1)	524			—			—		—
Total other investments	594,793			—			380,475		—
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts (2)	(2,952		)	—			—		(2,952		)
Derivatives (3)	4,636			(45		)	4,681		—
Total other assets and (liabilities)	1,684			(45		)	4,681		(2,952		)
	$	9,403,149		$	3,556,972		$	5,634,811	$	(2,952	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.


(2)	Included in assumed and ceded (re)insurance contracts at December 31, 2017 was $2.5 million and $5.5 million of other assets and other liabilities, respectively.


(3)	See “Note 13. Derivative Instruments” for additional information related to the fair value by type of contract, of derivatives entered into by the Company.

Level 1 and Level 2 Assets and Liabilities Measured at Fair Value

Fixed Maturity Investments

Fixed maturity investments included in Level 1 consist of the Company’s investments in U.S. treasuries. Fixed maturity investments included in Level 2 are agencies, municipal, non-U.S. government, non-U.S. government-backed corporate, corporate, agency mortgage-backed, non-agency mortgage-backed, commercial mortgage-backed and asset-backed.

The Company’s fixed maturity investments are primarily priced using pricing services, such as index providers and pricing vendors, as well as broker quotations. In general, the pricing vendors provide pricing for a high volume of liquid securities that are actively traded. For securities that do not trade on an exchange, the pricing services generally utilize market data and other observable inputs in matrix pricing models to determine month end prices. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, bids, offers, reference data and industry and economic events. Index pricing generally relies on market traders as the primary source for pricing; however, models are also utilized to provide prices for all index eligible securities. The models use a variety of observable inputs such as benchmark yields, transactional data, dealer runs, broker-dealer quotes and corporate actions. Prices are generally verified using third-party data. Securities which are priced by an index provider are generally included in the index.

In general, broker-dealers value securities through their trading desks based on observable inputs. The methodologies include mapping securities based on trade data, bids or offers, observed spreads, and performance on newly issued securities. Broker-dealers also determine valuations by observing secondary trading of similar securities. Prices obtained from broker quotations are considered non-binding, however they are based on observable inputs and by observing secondary trading of similar securities obtained from active, non-distressed markets. The Company considers these broker quotations to be Level 2 inputs as they are corroborated with other market observable inputs. The techniques generally used to determine the fair value of the Company’s fixed maturity investments are detailed below by asset class.

U.S. treasuries

Level 1 - At June 30, 2018, the Company’s U.S. treasuries fixed maturity investments were primarily priced by pricing services and had a weighted average yield to maturity of 2.6% and a weighted average credit quality of AA (December 31, 2017 - 1.9% and AA, respectively). When pricing these securities, the pricing services utilize daily data from many real time market sources, including active broker dealers. Certain data sources are regularly reviewed for accuracy to attempt to ensure the most reliable price source is used for each issue and maturity date.

Agencies

Level 2 - At June 30, 2018, the Company’s agency fixed maturity investments had a weighted average yield to maturity of 2.7% and a weighted average credit quality of AA (December 31, 2017 - 2.1% and AA, respectively). The issuers of the Company’s agency fixed maturity investments primarily consist of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation and other agencies. Fixed maturity investments included in agencies are primarily priced by pricing services. When evaluating these securities, the pricing services gather information from market sources and integrate other observations from markets and sector news. Evaluations are updated by obtaining broker dealer quotes and other market information including actual trade volumes, when available. The fair value of each security is individually computed using analytical models which incorporate option adjusted spreads and other daily interest rate data.

Municipal

Level 2 - At June 30, 2018, the Company’s municipal fixed maturity investments had a weighted average yield to maturity of 3.8% and a weighted average credit quality of A (December 31, 2017 - 2.2% and AA, respectively). The Company’s municipal fixed maturity investments are primarily priced by pricing services. When evaluating these securities, the pricing services gather information regarding the security from third-party sources such as trustees, paying agents or issuers. Evaluations are updated by obtaining broker dealer quotes and other market information including actual trade volumes, when available. The pricing services also consider the specific terms and conditions of the securities, including any specific features which may influence risk. In certain instances, securities are individually evaluated using a spread over widely accepted market benchmarks.

Non-U.S. government (Sovereign debt)

Level 2 - At June 30, 2018, the Company’s non-U.S. government fixed maturity investments had a weighted average yield to maturity of 2.6% and a weighted average credit quality of AAA (December 31, 2017 - 2.0% and AAA, respectively). The issuers of securities in this sector are non-U.S. governments and their respective agencies as well as supranational organizations. Securities held in these sectors are primarily priced by pricing services that employ proprietary discounted cash flow models to value the securities. Key quantitative inputs for these models are daily observed benchmark curves for treasury, swap and high issuance credits. The pricing services then apply a credit spread for each security which is developed by in-depth and real time market analysis. For securities in which trade volume is low, the pricing services utilize data from more frequently traded securities with similar attributes. These models may also be supplemented by daily market and credit research for international markets.

Non-U.S. government-backed corporate

Level 2 - At June 30, 2018, the Company’s non-U.S. government-backed corporate fixed maturity investments had a weighted average yield to maturity of 3.0% and a weighted average credit quality of AA (December 31, 2017 - 2.3% and AA, respectively). Non-U.S. government-backed fixed maturity investments are primarily priced by pricing services that employ proprietary discounted cash flow models to value the securities. Key quantitative inputs for these models are daily observed benchmark curves for treasury, swap and high issuance credits. The pricing services then apply a credit spread to the respective curve for each security which is developed by in-depth and real time market analysis. For securities in which trade volume is low, the pricing services utilize data from more frequently traded securities with similar attributes. These models may also be supplemented by daily market and credit research for international markets.

Corporate

Level 2 - At June 30, 2018, the Company’s corporate fixed maturity investments principally consisted of U.S. and international corporations and had a weighted average yield to maturity of 4.3% and a weighted average credit quality of BBB (December 31, 2017 - 3.8% and BBB, respectively). The Company’s corporate fixed maturity investments are primarily priced by pricing services. When evaluating these securities, the pricing services gather information from market sources regarding the issuer of the security and obtain credit data, as well as other observations, from markets and sector news. Evaluations are updated by obtaining broker dealer quotes and other market information including actual trade volumes, when available. The pricing services also consider the specific terms and conditions of the securities, including any specific features which may influence risk. In certain instances, securities are individually evaluated using a spread which is added to the U.S. treasury curve or a security specific swap curve as appropriate.

Agency mortgage-backed

Level 2 - At June 30, 2018, the Company’s agency mortgage-backed fixed maturity investments included agency residential mortgage-backed securities with a weighted average yield to maturity of 3.4%, a weighted average credit quality of AA and a weighted average life of 7.7 years (December 31, 2017 - 3.0%, AA and 6.4 years, respectively). The Company’s agency mortgage-backed fixed maturity investments are primarily priced by pricing services using a mortgage pool specific model which utilizes daily inputs from the active to be announced market which is very liquid, as well as the U.S. treasury market. The model also utilizes additional information, such as the weighted average maturity, weighted average coupon and other available pool level data which is provided by the sponsoring agency. Valuations are also corroborated with daily active market quotes.

Non-agency mortgage-backed

Level 2 - The Company’s non-agency mortgage-backed fixed maturity investments include non-agency prime, non-agency Alt-A and other non-agency residential mortgage-backed securities. At June 30, 2018, the Company’s non-agency prime residential mortgage-backed fixed maturity investments had a weighted average yield to maturity of 4.1%, a weighted average credit quality of non-investment grade, and a weighted average life of 5.4 years (December 31, 2017 - 3.7%, BBB and 5.1 years, respectively). The Company’s non-agency Alt-A fixed maturity investments held at June 30, 2018 had a weighted average yield to maturity of 3.8%, a weighted average credit quality of non-investment grade and a weighted average life of 6.2 years (December 31, 2017 - 3.7%, non-investment grade and 6.2 years, respectively). Securities held in these sectors are primarily priced by pricing services using an option adjusted spread model or other relevant models, which principally utilize inputs including benchmark yields, available trade information or broker quotes, and issuer spreads. The pricing services also review collateral prepayment speeds, loss severity and delinquencies among other collateral performance indicators for the securities valuation, when applicable.

Commercial mortgage-backed

Level 2 - At June 30, 2018, the Company’s commercial mortgage-backed fixed maturity investments had a weighted average yield to maturity of 3.5%, a weighted average credit quality of AAA, and a weighted average life of 4.5 years (December 31, 2017 - 2.9%, AAA and 4.5 years, respectively). Securities held in these sectors are primarily priced by pricing services. The pricing services apply dealer quotes and other available trade information such as bids and offers, prepayment speeds which may be adjusted for the underlying collateral or current price data, the U.S. treasury curve and swap curve as well as cash settlement. The pricing services discount the expected cash flows for each security held in this sector using a spread adjusted benchmark yield based on the characteristics of the security.

Asset-backed

Level 2 - At June 30, 2018, the Company’s asset-backed fixed maturity investments had a weighted average yield to maturity of 3.6%, a weighted average credit quality of AAA and a weighted average life of 3.1 years (December 31, 2017 - 2.8%, AAA and 3.0 years, respectively). The underlying collateral for the Company’s asset-backed fixed maturity investments primarily consists of bank loans, student loans, credit card receivables, auto loans and other receivables. Securities held in these sectors are primarily priced by pricing services. The pricing services apply dealer quotes and other available trade information such as bids and offers, prepayment speeds which may be adjusted for the underlying collateral or current price data, the U.S. treasury curve and swap curve as well as cash settlement. The pricing services determine the expected cash flows for each security held in this sector using historical prepayment and default projections for the underlying collateral and current market data. In addition, a spread is applied to the relevant benchmark and used to discount the cash flows noted above to determine the fair value of the securities held in this sector.

Short Term Investments

Level 2 - At June 30, 2018, the Company’s short term investments had a weighted average yield to maturity of 1.6% and a weighted average credit quality of AAA (December 31, 2017 - 1.4% and AAA, respectively). The fair value of the Company’s portfolio of short term investments is generally determined using amortized cost which approximates fair value and, in certain cases, in a manner similar to the Company’s fixed maturity investments noted above.

Equity Investments, Classified as Trading

Level 1 - The fair value of the Company’s portfolio of equity investments, classified as trading is primarily priced by pricing services, reflecting the closing price quoted for the final trading day of the period. When pricing these securities, the pricing services utilize daily data from many real time market sources, including applicable securities exchanges. All data sources are regularly reviewed for accuracy to attempt to ensure the most reliable price source was used for each security.

Other investments

Catastrophe bonds

Level 2 - The Company’s other investments include investments in catastrophe bonds which are recorded at fair value based on broker or underwriter bid indications.

Other assets and liabilities

Derivatives

Level 1 and Level 2 - Other assets and liabilities include certain derivatives entered into by the Company. The fair value of these transactions includes certain exchange traded futures contracts which are considered Level 1, and foreign currency contracts and certain credit derivatives, determined using standard industry valuation models and considered Level 2, as the inputs to the valuation model are based on observable market inputs. For credit derivatives, these inputs include credit spreads, credit ratings of the underlying referenced security, the risk free rate and the contract term. For foreign currency contracts, these inputs include spot rates and interest rate curves.

Level 3 Assets and Liabilities Measured at Fair Value

Below is a summary of quantitative information regarding the significant observable and unobservable inputs (Level 3) used in determining the fair value of assets and liabilities measured at fair value on a recurring basis:




At June 30, 2018	Fair Value (Level 3)			Valuation Technique	Unobservable (U) and Observable (O) Inputs	Low		High		Weighted Average or Actual
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts	$	935		Internal valuation model	Bond price (O)	$	101.38	$	110.93	$	106.64
					Liquidity discount (U)	n/a		n/a		1.3		%
Assumed and ceded (re)insurance contracts	(2,953		)	Internal valuation model	Net undiscounted cash flows (U)	n/a		n/a		$	4,815
					Expected loss ratio (U)	n/a		n/a		18.7		%
					Net acquisition expense ratio (O)	n/a		n/a		13.8		%
					Contract period (O)	2.0 years		4.7 years		4.1 years
					Discount rate (U)	n/a		n/a		2.7		%
Total other assets and (liabilities)	$	(2,018	)

Below is a reconciliation of the beginning and ending balances, for the periods shown, of assets and liabilities measured at fair value on a recurring basis using Level 3 inputs. Interest and dividend income are included in net investment income and are excluded from the reconciliation.




	Other assets and (liabilities)
Balance - January 1, 2018	$	(2,952	)
Total realized and unrealized gains
Included in other income (loss)	645
Purchases	289
Balance - June 30, 2018	$	(2,018	)




	Other assets and (liabilities)
Balance - January 1, 2017	$	(13,004	)
Total realized and unrealized gains
Included in other income (loss)	3,390
Purchases	112
Balance - June 30, 2017	$	(9,502	)

Other assets and liabilities

Assumed and ceded (re)insurance contracts

Level 3 - At June 30, 2018, the Company had a $0.9 million net asset related to an assumed reinsurance contract accounted for at fair value, with the fair value obtained through the use of an internal valuation model. The inputs to the internal valuation model are principally based on indicative pricing obtained from independent brokers and pricing vendors for similarly structured marketable securities. The most significant unobservable inputs include prices for similar marketable securities and a liquidity premium. The Company considers the prices for similar securities to be unobservable, as there is little, if any market activity for these similar assets. In addition, the Company has estimated a liquidity premium that would be required if the Company attempted to effectively exit its position by executing a short sale of these securities. Generally, an increase in the prices for similar marketable securities or a decrease in the liquidity premium would result in an increase in the expected profit and ultimate fair value of this assumed reinsurance contract.

Level 3 - At June 30, 2018, the Company had a $3.0 million net liability related to assumed and ceded (re)insurance contracts accounted for at fair value, with the fair value obtained through the use of an internal valuation model. The inputs to the internal valuation model are principally based on proprietary data as observable market inputs are generally not available. The most significant unobservable inputs include the assumed and ceded expected net cash flows related to the contracts, including the expected premium, acquisition expenses and losses; the expected loss ratio and the relevant discount rate used to present value the net cash flows. The contract period and acquisition expense ratio are considered an observable input as each is defined in the contract. Generally, an increase in the net expected cash flows and expected term of the contract and a decrease in the discount rate, expected loss ratio or acquisition expense ratio, would result in an increase in the expected profit and ultimate fair value of these assumed and ceded (re)insurance contracts.

Financial Instruments Disclosed, But Not Carried, at Fair Value

The Company uses various financial instruments in the normal course of its business. The Company’s insurance contracts are excluded from the fair value of financial instruments accounting guidance, unless the Company elects the fair value option, and therefore, are not included in the amounts discussed herein. The carrying values of cash and cash equivalents, accrued investment income, receivables for investments sold, certain other assets, payables for investments purchased, certain other liabilities, and other financial instruments not included herein approximated their fair values.

Debt

Included on the Company’s consolidated balance sheet at June 30, 2018 were debt obligations of $990.4 million (December 31, 2017 - $989.6 million). At June 30, 2018, the fair value of the Company’s debt obligations was $987.4 million (December 31, 2017 – $1,018.2 million).

The fair value of the Company’s debt obligations is determined using indicative market pricing obtained from third-party service providers, which the Company considers Level 2 in the fair value hierarchy. There have been no changes during the period in the Company’s valuation technique used to determine the fair value of the Company’s debt obligations.

The Fair Value Option for Financial Assets and Financial Liabilities

The Company has elected to account for certain financial assets and financial liabilities at fair value using the guidance under FASB ASC Topic Financial Instruments as the Company believes it represents the most meaningful measurement basis for these assets and liabilities. Below is a summary of the balances the Company has elected to account for at fair value:




	June 30, 2018		December 31, 2017
Other investments	$	713,200	$	594,793
Other assets	$	2,488	$	2,542
Other liabilities	$	4,506	$	5,494

Included in net investment income for the three and six months ended June 30, 2018 were net unrealized gains of $7.2 million and $8.7 million, respectively, related to the changes in fair value of other investments (2017 – gains of $5.6 million and $12.5 million, respectively). Included in other income for the three and six months ended June 30, 2018 were net unrealized gains of $Nil and $Nil, respectively, related to the changes in the fair value of other assets and liabilities (2017 - $Nil and $Nil, respectively).

Measuring the Fair Value of Other Investments Using Net Asset Valuations

The table below shows the Company’s portfolio of other investments measured using net asset valuations as a practical expedient:

At June 30, 2018

Fair Value

Unfunded
Commitments

Redemption Frequency

Redemption
Notice Period (Minimum Days)

Redemption
Notice Period (Maximum Days)

Private equity partnerships

186,200

421,299

See below

Senior secured bank loan funds

14,414

23,811

See below

Hedge funds

11,561

—

See below

Total other investments measured using net asset valuations

212,175

445,110

Private equity partnerships – The Company’s investments in private equity partnerships included alternative asset limited partnerships (or similar corporate structures) that invest in certain private equity asset classes, including U.S. and global leveraged buyouts, mezzanine investments, distressed securities, real estate, and oil, gas and power. The Company generally has no right to redeem its interest in any of these private equity partnerships in advance of dissolution of the applicable private equity partnership. Instead, the nature of these investments is that distributions are received by the Company in connection with the liquidation of the underlying assets of the respective private equity partnership. It is estimated that the majority of the underlying assets of the limited partnerships would liquidate over 7 to 10 years from inception of the respective limited partnership.

Senior secured bank loan funds – At June 30, 2018, the Company had $14.4 million invested in closed end funds which invest primarily in loans. The Company has no right to redeem its investment in these funds. It is estimated that the majority of the underlying assets in these closed end funds would begin to liquidate over 4 to 5 years from inception of the applicable fund.

Hedge funds – The Company invests in hedge funds that pursue multiple strategies. At June 30, 2018, the Company had $11.6 million of investments in hedge funds that pursue multiple strategies. This included an investment of $11.2 million in a fund primarily focused on global credit opportunities which is redeemable at the option of the shareholder. The remainder of the Company’s hedge fund investments consisted of so called “side pocket” investments which are not redeemable at the option of the shareholder.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Reinsurance

6 Months Ended

Jun. 30, 2018

Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]

Reinsurance

REINSURANCE

The Company purchases reinsurance and other protection to manage its risk portfolio and to reduce its exposure to large losses. The Company currently has in place contracts that provide for recovery of a portion of certain claims and claim expenses, generally in excess of various retentions or on a proportional basis. In addition to loss recoveries, certain of the Company’s ceded reinsurance contracts provide for payments of additional premiums, for reinstatement premiums and for lost no-claims bonuses, which are incurred when losses are ceded to the respective reinsurance contracts. The Company remains liable to the extent that any reinsurer fails to meet its obligations.

The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Premiums written
Direct	$	90,573		$	67,805		$	175,740		$	141,213
Assumed	886,770			759,610			1,961,255			1,608,292
Ceded	(372,834		)	(271,670		)	(869,442		)	(649,624		)
Net premiums written	$	604,509		$	555,745		$	1,267,553		$	1,099,881
Premiums earned
Direct	$	69,904		$	56,357		$	139,936		$	114,525
Assumed	601,735			520,347			1,207,218			1,019,346
Ceded	(242,254		)	(194,439		)	(477,487		)	(385,561		)
Net premiums earned	$	429,385		$	382,265		$	869,667		$	748,310
Claims and claim expenses
Gross claims and claim expenses incurred	$	76,945		$	189,903		$	302,687		$	441,707
Claims and claim expenses recovered	(16,778		)	(47,316		)	(70,817		)	(106,039		)
Net claims and claim expenses incurred	$	60,167		$	142,587		$	231,870		$	335,668

At June 30, 2018, the Company’s reinsurance recoverable balance was $1.5 billion (December 31, 2017 - $1.6 billion). Of this amount, 48.2% is fully collateralized by our reinsurers, 50.6% is recoverable from reinsurers rated A- or higher by major rating agencies and 1.2% is recoverable from reinsurers rated lower than A- by major rating agencies (December 31, 2017 - 54.5%, 44.5% and 1.0%, respectively). The reinsurers with the three largest balances accounted for 10.0%, 9.4% and 7.4%, respectively, of the Company’s reinsurance recoverable balance at June 30, 2018 (December 31, 2017 - 10.4%, 7.5% and 7.3%, respectively). The valuation allowance recorded against reinsurance recoverable was $7.8 million at June 30, 2018 (December 31, 2017 - $7.0 million). The three largest company-specific components of the valuation allowance represented 16.0%, 15.6% and 14.4%, respectively, of the Company’s total valuation allowance at June 30, 2018 (December 31, 2017 - 11.1%, 9.2% and 8.4%, respectively).

Reserve for Claims and Claim Expenses

6 Months Ended

Jun. 30, 2018

Insurance Loss Reserves [Abstract]

Reserve for Claims and Claim Expenses

RESERVE FOR CLAIMS AND CLAIM EXPENSES

The Company believes the most significant accounting judgment made by management is its estimate of claims and claim expense reserves. Claims and claim expense reserves represent estimates, including actuarial and statistical projections at a given point in time, of the ultimate settlement and administration costs for unpaid claims and claim expenses arising from the insurance and reinsurance contracts the Company sells. The Company establishes its claims and claim expense reserves by taking claims reported to the Company by insureds and ceding companies, but which have not yet been paid (“case reserves”), adding estimates for the anticipated cost of claims incurred but not yet reported to the Company, or incurred but not enough reported to the Company (collectively referred to as “IBNR”) and, if deemed necessary, adding costs for additional case reserves which represent the Company’s estimates for claims related to specific contracts previously reported to the Company which it believes may not be adequately estimated by the client as of that date, or adequately covered in the application of IBNR.

The following table summarizes the Company’s claims and claim expense reserves by segment, allocated between case reserves, additional case reserves and IBNR:




At June 30, 2018	Case Reserves		Additional Case Reserves		IBNR		Total
Property	$	631,642	$	766,450	$	568,642	$	1,966,734
Casualty and Specialty	750,149		105,066		1,871,468		2,726,683
Other	4,433		—		4,495		8,928
Total	$	1,386,224	$	871,516	$	2,444,605	$	4,702,345

At December 31, 2017
Property	$	696,285	$	896,522	$	893,583	$	2,486,390
Casualty and Specialty	689,962		124,923		1,760,607		2,575,492
Other	6,605		—		11,921		18,526
Total	$	1,392,852	$	1,021,445	$	2,666,111	$	5,080,408

Activity in the liability for unpaid claims and claim expenses is summarized as follows:




Six months ended June 30,	2018			2017
Net reserves as of January 1	$	3,493,778		$	2,568,730
Net incurred related to:
Current year	419,434			351,766
Prior years	(187,564		)	(16,098		)
Total net incurred	231,870			335,668
Net paid related to:
Current year	23,902			19,885
Prior years	445,790			285,046
Total net paid	469,692			304,931
Foreign exchange	(8,602		)	19,753
Net reserves as of June 30	3,247,354			2,619,220
Reinsurance recoverable as of June 30	1,454,991			370,586
Gross reserves as of June 30	$	4,702,345		$	2,989,806

Prior Year Development of the Reserve for Net Claims and Claim Expenses

The Company’s estimates of claims and claim expense reserves are not precise in that, among other things, they are based on predictions of future developments and estimates of future trends and other variable factors. Some, but not all, of the Company’s reserves are further subject to the uncertainty inherent in actuarial methodologies and estimates. Because a reserve estimate is simply an insurer’s estimate at a point in time of its ultimate liability, and because there are numerous factors that affect reserves and claims payments that cannot be determined with certainty in advance, the Company’s ultimate payments will vary, perhaps materially, from its estimates of reserves. If the Company determines in a subsequent period that adjustments to its previously established reserves are appropriate, such adjustments are recorded in the period in which they are identified. On a net basis, the Company’s cumulative favorable or unfavorable development is generally reduced by offsetting changes in its reinsurance recoverables, as well as changes to loss related premiums such as reinstatement premiums and redeemable noncontrolling interest for changes in claims and claim expenses that impact DaVinciRe, all of which generally move in the opposite direction to changes in the Company’s ultimate claims and claim expenses.

The following table details the Company’s prior year development by segment of its liability for unpaid claims and claim expenses:




Six months ended June 30,	2018			2017
	(Favorable) adverse development			(Favorable) adverse development
Property	$	(170,707	)	$	(24,800	)
Casualty and Specialty	(16,787		)	9,257
Other	(70		)	(555		)
Total favorable development of prior accident years net claims and claim expenses	$	(187,564	)	$	(16,098	)

Changes to prior year estimated claims reserves increased the Company’s net income by $187.6 million during the six months ended June 30, 2018, (2017 - increased the Company’s net income by $16.1 million), excluding the consideration of changes in reinstatement, adjustment or other premium changes, profit commissions, redeemable noncontrolling interest - DaVinciRe and income tax.

Property Segment

The following tables detail the development of the Company’s liability for unpaid claims and claim expenses for its Property segment, allocated between large and small catastrophe net claims and claim expenses and attritional net claims and claim expenses, included in the other line item:




Six months ended June 30,	2018
	(Favorable) adverse development
Catastrophe net claims and claim expenses
Large catastrophe events
2017 Catastrophe Events	$	(156,213	)
Total large catastrophe events	(156,213		)
Small catastrophe events
Other	23,453
Total small catastrophe events	23,453
Total catastrophe net claims and claim expenses	(132,760		)
Attritional net claims and claim expenses
Actuarial methods - actual reported claims less than expected claims	(32,265		)
Actuarial assumption changes	(5,682		)
Total attritional net claims and claim expenses	(37,947		)
Total net favorable development of prior accident years net claims and claim expenses	$	(170,707	)

The net favorable development of prior accident years net claims and claim expenses within the Company’s Property segment in the six months ended June 30, 2018 of $170.7 million was comprised of net favorable development of $156.2 million related to large catastrophe events and net adverse development of $23.5 million related to small catastrophe events. Included in net favorable development of prior accident years net claims and claim expenses from large events was $156.2 million of net decreases in the estimated ultimate losses associated with Hurricanes Harvey, Irma and Maria, the Mexico City Earthquake, and the Q4 2017 California Wildfires (collectively, the “2017 Catastrophe Events”). The Company’s Property segment also experienced net adverse development of $23.5 million associated with a number of other small catastrophe events. In addition, the Company’s Property segment experienced $37.9 million of net favorable development primarily driven by reported losses generally coming in lower than expected on attritional net claims and claim expenses and certain assumption changes within the other property class of business.




Six months ended June 30,	2017
	(Favorable) adverse development
Catastrophe net claims and claim expenses
Large catastrophe events
New Zealand Earthquake (2011)	$	5,807
New Zealand Earthquake (2010)	4,061
April and May U.S. Tornadoes (2011)	(4,153		)
Other	(3,864		)
Total large catastrophe events	1,851
Small catastrophe events
Fort McMurray Wildfire (2016)	(5,848		)
Tianjin Explosion (2015)	(4,896		)
U.S. PCS 13/14 Wind and Thunderstorm (2013)	(3,906		)
Other	(12,844		)
Total small catastrophe events	(27,494		)
Total catastrophe net claims and claim expenses	(25,643		)
Actuarial assumption changes	843
Total net favorable development of prior accident years net claims and claim expenses	$	(24,800	)

The net favorable development of prior accident years net claims and claim expenses within the Company’s Property segment in the six months ended June 30, 2017 of $24.8 million was principally comprised of net adverse development of $1.9 million related to large catastrophe events, net favorable development of $27.5 million related to small catastrophe events and $0.8 million of adverse development associated with actuarial assumption changes. Included in net adverse development of prior accident years net claims and claim expenses from large events was adverse development of $5.8 million related to the 2011 New Zealand Earthquake and $4.1 million related to the 2010 New Zealand Earthquake due to increases in the estimated expected losses associated with these events. Partially offsetting these events was favorable development of $4.2 million and $3.9 million related to the 2011 April and May U.S. Tornadoes and a number of other events, respectively, due to reductions in the estimated ultimate losses associated with these events. Included in net favorable development of prior accident years net claims and claims expenses from small events was a reduction in the estimated ultimate losses associated with the 2016 Fort McMurray Wildfire of $5.8 million, the 2015 Tianjin Explosion of $4.9 million and certain 2013 U.S. wind and thunderstorm events of $3.9 million. In addition, the Company’s Property segment experienced net favorable development of $12.8 million associated with a number of other small catastrophe events related to lines of business where the Company principally estimates net claims and claim expenses using traditional actuarial methods.

Casualty and Specialty Segment

The following table details the development of the Company’s liability for unpaid claims and claim expenses for its Casualty and Specialty segment:




Six months ended June 30,	2018			2017
	(Favorable) adverse development			(Favorable) adverse development
Actuarial methods	$	(9,001	)	$	(21,762	)
Ogden Rate change	—			33,481
Actuarial assumption changes	(7,786		)	(2,462		)
Total (favorable) adverse development of prior accident years net claims and claim expenses	$	(16,787	)	$	9,257

The net favorable development of prior accident years net claims and claim expenses within the Company’s Casualty and Specialty segment in the six months ended June 30, 2018 of $16.8 million was driven by reported losses generally coming in lower than expected on attritional net claims and claim expenses and certain assumption changes across a number of lines of business.

The net adverse development of prior accident years net claims and claim expenses within the Company’s Casualty and Specialty segment in the six months ended June 30, 2017 of $9.3 million was driven by $33.5 million of adverse development associated with the change in the discount rate used to calculate lump sum awards in U.K. bodily injury cases (the “Ogden Rate”), from 2.5%, to minus 0.75%. Notwithstanding the impact of the Ogden Rate change, the Company experienced $21.8 million of net favorable development in the six months ended June 30, 2017 related to actual reported losses coming in lower than expected on attritional net claims and claim expenses across a number of lines of business and $2.5 million of net favorable development associated with actuarial assumption changes.

Debt and Credit Facilities

6 Months Ended

Jun. 30, 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:




	June 30, 2018				December 31, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	283,725	$	295,549	$	294,654	$	295,303
3.700% Senior Notes due 2025	294,573		297,501		302,781		297,318
5.750% Senior Notes due 2020	258,750		249,436		263,750		249,272
4.750% Senior Notes due 2025 (DaVinciRe) (1)	150,387		147,885		157,050		147,730
	$	987,435	$	990,371	$	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 June 30, 2018	Issued or Drawn
RenaissanceRe Revolving Credit Facility (1)	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	93,475
Bilateral Letter of Credit Facility with Citibank Europe	180,779
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	454,254

Specialty Risks FAL Facility (1)	£	—
Total credit facilities in pound sterling	£	—


(1)	At June 30, 2018, no amounts were issued or drawn under these facilities.

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.

Noncontrolling Interests

6 Months Ended

Jun. 30, 2018

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest [Abstract]

Noncontrolling Interests

NONCONTROLLING INTERESTS

A summary of the Company’s redeemable noncontrolling interests on its consolidated balance sheets is set forth below:




	June 30, 2018		December 31, 2017
Redeemable noncontrolling interest - DaVinciRe	$	1,082,425	$	1,011,659
Redeemable noncontrolling interest - Medici	411,003		284,847
Redeemable noncontrolling interests	$	1,493,428	$	1,296,506

A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:




	Three months ended				Six months ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Redeemable noncontrolling interest - DaVinciRe	$	50,252	$	36,432	$	71,205	$	68,341
Redeemable noncontrolling interest - Medici	4,231		1,180		13,177		3,598
Net income attributable to redeemable noncontrolling interests	$	54,483	$	37,612	$	84,382	$	71,939

Redeemable Noncontrolling Interest – DaVinciRe

RenaissanceRe owns a noncontrolling economic interest in DaVinciRe; however, 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 the Company. The portion of DaVinciRe’s earnings owned by third parties is recorded in the consolidated statements of operations as net income attributable to redeemable noncontrolling interests. The Company’s noncontrolling economic ownership in DaVinciRe was 22.1% at June 30, 2018 (December 31, 2017 - 22.1%).

DaVinciRe shareholders are party to a shareholders agreement which provides DaVinciRe shareholders, excluding RenaissanceRe, with certain redemption rights that enable each shareholder to notify DaVinciRe of such shareholder’s desire for DaVinciRe to repurchase up to half of such shareholder’s initial aggregate number of shares held, subject to certain limitations, such as limiting the aggregate of all share repurchase requests to 25% of DaVinciRe’s capital in any given year and satisfying all applicable regulatory requirements. If total shareholder requests exceed 25% of DaVinciRe’s capital, the number of shares repurchased will be reduced among the requesting shareholders pro-rata, based on the amounts desired to be repurchased. Shareholders desiring to have DaVinci repurchase their shares must notify DaVinciRe before March 1 of each year. The repurchase price will be based on GAAP book value as of the end of the year in which the shareholder notice is given, and the repurchase will be effective as of January 1 of the following year. The repurchase price is generally subject to a true-up for potential development on outstanding loss reserves after settlement of all claims relating to the applicable years.

2017

During January 2017, DaVinciRe redeemed $75.0 million of its outstanding shares from certain existing DaVinciRe shareholders, including RenaissanceRe. In connection with the redemption, DaVinciRe retained a $7.5 million holdback. In addition, RenaissanceRe sold an aggregate of $24.0 million of its shares in DaVinciRe to an existing shareholder and a new shareholder. The Company’s noncontrolling economic ownership in DaVinciRe subsequent to these transactions was 22.6%, effective January 1, 2017.

During July 2017, RenaissanceRe purchased $12.0 million of DaVinciRe’s outstanding shares from an existing third-party shareholder. The Company’s noncontrolling economic ownership in DaVinciRe subsequent to these transactions was 23.5%, effective July 1, 2017.

Effective October 1, 2017, DaVinciRe completed an equity capital raise of $248.6 million from third-party investors and RenaissanceRe. In addition, RenaissanceRe sold an aggregate of $49.7 million of its shares in DaVinciRe to third-party investors. The Company’s noncontrolling economic ownership in DaVinciRe subsequent to these transactions was 22.1%, effective October 1, 2017.

The Company expects its noncontrolling economic ownership in DaVinciRe to fluctuate over time.

The activity in redeemable noncontrolling interest – DaVinciRe is detailed in the table below:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Beginning balance	$	1,032,543		$	986,646		$	1,011,659		$	994,458
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(370		)	(3,160		)	(439		)	(66,802		)
Sale of shares to redeemable noncontrolling interests	—			—			—			23,921
Net income attributable to redeemable noncontrolling interest	50,252			36,432			71,205			68,341
Ending balance	$	1,082,425		$	1,019,918		$	1,082,425		$	1,019,918

Redeemable Noncontrolling Interest - RenaissanceRe Medici Fund Ltd. (“Medici”)

Medici is an exempted company incorporated under the laws of Bermuda and its objective is to seek to invest substantially all of its assets in various insurance-based investment instruments that have returns primarily tied to property catastrophe risk. RenaissanceRe owns a noncontrolling economic interest in Medici; however, because RenaissanceRe controls all of Medici’s outstanding voting rights, the financial statements of Medici are included in the consolidated financial statements of the Company. The portion of Medici’s earnings owned by third parties is recorded in the consolidated statements of operations as net income attributable to redeemable noncontrolling interests. Any shareholder may redeem all or any portion of its shares as of the last day of any calendar month, upon at least 30 calendar days’ prior irrevocable written notice to Medici.

2017

During 2017, third-party investors subscribed for $149.2 million and redeemed $48.0 million of the participating, non-voting common shares of Medici. As a result of these net subscriptions, the Company’s noncontrolling economic ownership in Medici was 26.8%, effective at December 31, 2017.

2018

During the six months ended June 30, 2018, third-party investors subscribed for $156.5 million and redeemed $43.5 million of the participating, non-voting common shares of Medici. As a result of these net subscriptions, the Company’s noncontrolling economic ownership in Medici was 16.8% at June 30, 2018.

The Company expects its noncontrolling economic ownership in Medici to fluctuate over time.

The activity in redeemable noncontrolling interest – Medici is detailed in the table below:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Beginning balance	$	392,821		$	201,345		$	284,847		$	181,136
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(42,792		)	(15,285		)	(43,503		)	(25,910		)
Sale of shares to redeemable noncontrolling interests	56,743			34,925			156,482			63,341
Net income attributable to redeemable noncontrolling interest	4,231			1,180			13,177			3,598
Ending balance	$	411,003		$	222,165		$	411,003		$	222,165

Variable Interest Entities	6 Months Ended
Variable Interest Entities	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES Upsilon RFO Upsilon RFO is a managed joint venture and a Bermuda domiciled SPI that was formed by the Company to provide additional capacity to the worldwide aggregate and per-occurrence retrocessional property catastrophe excess of loss market. The shareholders (other than the Class A shareholder) participate in substantially all of the profits or losses of Upsilon RFO while their shares remain outstanding. The shareholders (other than the Class A shareholder) indemnify Upsilon RFO against losses relating to insurance risk and therefore these shares have been accounted for as prospective reinsurance under FASB ASC Topic Financial Services - Insurance. Upsilon RFO is considered a VIE as it has insufficient equity capital to finance its activities without additional financial support. The Company is the primary beneficiary of Upsilon RFO as it has the power over the activities that most significantly impact the economic performance of Upsilon RFO and has the obligation to absorb expected losses and the right to receive expected benefits that could be significant to Upsilon RFO, in accordance with the accounting guidance. As a result, the Company consolidates Upsilon RFO and all significant inter-company transactions have been eliminated. Other than its equity investment in Upsilon RFO, the Company has not provided financial or other support to Upsilon RFO that it was not contractually required to provide. 2017 During 2017, Upsilon RFO returned $84.3 million of capital to its investors, including $33.0 million to the Company. In addition, during 2017, $180.6 million of Upsilon RFO non-voting preference shares were issued to existing investors therein, including $27.2 million to the Company, and an existing third-party investor purchased $7.5 million of Upsilon RFO non-voting preference shares from the Company. At December 31, 2017, the Company’s participation in the risks assumed by Upsilon RFO was 20.8%. 2018 During the six months ended June 30, 2018, $805.9 million of Upsilon RFO non-voting preference shares were issued to existing investors, including $107.8 million to the Company. At June 30, 2018, the Company’s participation in the risks assumed by Upsilon RFO was 14.6%. Amounts received by the Company prior to December 31, 2017 were included in other liabilities on the Company’s consolidated balance sheet at December 31, 2017, and were also included in other operating cash flows on the Company’s consolidated statements of cash flows for the year ended December 31, 2017. During the six months ended June 30, 2018, in connection with the issuance of the non-voting preference shares of Upsilon RFO, other liabilities were reduced by this amount, and reinsurance balances payable were increased by an offsetting amount, with corresponding impacts to other operating cash flows and the change in reinsurance balances payable on the Company consolidated statements of cash flows for the six months ended June 30, 2018. At June 30, 2018, the Company’s consolidated balance sheet included total assets and total liabilities of Upsilon RFO of $1.5 billion and $1.5 billion, respectively (December 31, 2017 - $1.2 billion and $1.2 billion, respectively). Mona Lisa Re Ltd. (“Mona Lisa Re”) Mona Lisa Re is licensed as a Bermuda domiciled special purpose insurer to provide reinsurance capacity to subsidiaries of RenaissanceRe, namely Renaissance Reinsurance and DaVinci, through reinsurance agreements which will be collateralized and funded by Mona Lisa Re through the issuance of one or more series of principal-at-risk variable rate notes to third-party investors. Upon issuance of a series of notes by Mona Lisa Re, all of the proceeds from the issuance were deposited into collateral accounts, separated by series, to fund any potential obligation under the reinsurance agreements entered into with Renaissance Reinsurance and/or DaVinci underlying such series of notes. The outstanding principal amount of each series of notes generally will be returned to holders of such notes upon the expiration of the risk period underlying such notes, unless an event occurs which causes a loss under the applicable series of notes, in which case the amount returned will be reduced by such noteholder’s pro rata share of such loss, as specified in the applicable governing documents of such notes. In addition, holders of such notes are generally entitled to interest payments, payable quarterly, as determined by the applicable governing documents of each series of notes. The Company concluded that Mona Lisa Re meets the definition of a VIE as it does not have sufficient equity capital to finance its activities. The Company evaluated its relationship with Mona Lisa Re and concluded it does not have a variable interest in Mona Lisa Re. As a result, the financial position and results of operations of Mona Lisa Re are not consolidated by the Company. The Company has not provided financial or other support to Mona Lisa Re that it was not contractually required to provide. At June 30, 2018, the total assets and total liabilities of Mona Lisa Re were $25.4 million and $25.4 million, respectively (December 31, 2017 - $25.9 million and $25.9 million, respectively). Effective July 6, 2018, all remaining outstanding series of notes issued by Mona Lisa Re were redeemed and the proceeds were returned to the holders of such notes. The only transactions related to Mona Lisa Re that are recorded in the Company’s consolidated financial statements are the ceded reinsurance agreements entered into by Renaissance Reinsurance and DaVinci which are accounted for as prospective reinsurance under FASB ASC Topic Financial Services - Insurance. Renaissance Reinsurance and DaVinci have together entered into ceded reinsurance contracts with Mona Lisa Re with gross premiums ceded of $0.2 million and $0.2 million, respectively, during the six months ended June 30, 2018 (2017 - $0.1 million and $37 thousand, respectively). In addition, Renaissance Reinsurance and DaVinci recognized ceded premiums earned related to the ceded reinsurance contracts with Mona Lisa Re of $0.2 million and $0.2 million, respectively, during the six months ended June 30, 2018 (2017 - $3.6 million and $2.5 million, respectively). Fibonacci Re Effective November 7, 2016, Fibonacci Re, a Bermuda-domiciled SPI, was formed to provide collateralized capacity to Renaissance Reinsurance and its affiliates. Upon issuance of a series of notes by Fibonacci Re, all of the proceeds from the issuance are deposited into collateral accounts, separated by series, to fund any potential obligation under the reinsurance agreements entered into with Renaissance Reinsurance underlying such series of notes. The outstanding principal amount of each series of notes generally is expected to be returned to holders of such notes upon the expiration of the risk period underlying such notes, unless an event occurs which causes a loss under the applicable series of notes, in which case the amount returned is expected to be reduced by such noteholder’s pro rata share of such loss, as specified in the applicable governing documents of such notes. In addition, holders of such notes are generally entitled to interest payments, payable quarterly, as determined by the applicable governing documents of each series of notes. RUM receives an origination and structuring fee in connection with the formation and operation of Fibonacci Re. The Company concluded that Fibonacci Re meets the definition of a VIE as it does not have sufficient equity capital to finance its activities. The Company evaluated its relationship with Fibonacci Re and concluded it is not the primary beneficiary of Fibonacci Re as it does not have power over the activities that most significantly impact the economic performance of Fibonacci Re. As a result, the Company does not consolidate the financial position or results of operations of Fibonacci Re. The only transactions related to Fibonacci Re that will be recorded in the Company’s consolidated financial statements will be the ceded reinsurance agreements entered into by Renaissance Reinsurance that are accounted for as prospective reinsurance under FASB ASC Topic Financial Services - Insurance, and the fair value of the participating notes owned by the Company. Other than its investment in the participating notes of Fibonacci Re, the Company has not provided financial or other support to Fibonacci Re that it was not contractually required to provide. The fair value of the Company’s investment in the participating notes of Fibonacci Re is included in other investments. Net of third-party investors, the fair value of the Company’s investment in Fibonacci Re was $6.9 million at June 30, 2018 (December 31, 2017 - $14.1 million). Renaissance Reinsurance entered into ceded reinsurance contracts with Fibonacci Re with ceded premiums of $9.1 million and ceded premiums earned of $3.1 million during the six months ended June 30, 2018 (2017 - $9.4 million and $3.8 million, respectively). Langhorne Effective December 22, 2017, the Company and Reinsurance Group of America, Incorporated closed Langhorne, an initiative to source third party capital to support reinsurers targeting large in-force life and annuity blocks. In connection with Langhorne, as of June 30, 2018 the Company has invested $1.3 million in Langhorne Holdings (December 31, 2017 - $0.6 million), a company that owns and manages certain reinsurance entities within Langhorne. In addition, as of June 30, 2018 the Company has invested $0.1 million in Langhorne Partners (December 31, 2017 - $Nil), the general partner for Langhorne and the entity which manages the third-party investors investing into Langhorne Holdings. The Company concluded that Langhorne Holdings meets the definition of a VIE as the voting rights are not proportional with the obligations to absorb losses and rights to receive residual returns. The Company evaluated its relationship with Langhorne Holdings and concluded it is not the primary beneficiary of Langhorne Holdings, as it does not have power over the activities that most significantly impact the economic performance of Langhorne Holdings. As a result, the Company does not consolidate the financial position or results of operations of Langhorne Holdings. The Company separately evaluated Langhorne Partners and concluded that it was not a VIE. The Company accounts for its investments in Langhorne Holdings and Langhorne Partners under the equity method of accounting, one quarter in arrears. The Company anticipates that its investment in Langhorne will increase, perhaps materially, as in-force life and annuity blocks of businesses are written. Other than its current and committed future equity investment in Langhorne, the Company has not provided financial or other support to Langhorne that it was not contractually required to provide.

Shareholders' Equity	6 Months Ended
Shareholders' Equity	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Shareholders' Equity	SHAREHOLDERS’ EQUITY Dividends The Board of Directors of RenaissanceRe declared a dividend of $0.33 per common share to common shareholders of record on March 15, 2018 and June 15, 2018, respectively, and RenaissanceRe paid the dividend to common shareholders on March 29, 2018 and June 29, 2018, respectively. The Board of Directors approved the payment of quarterly dividends on the Series C 6.08% Preference Shares and Series E 5.375% Preference Shares to preference shareholders of record in the amounts and on the quarterly record dates and dividend payment dates set forth in the prospectus supplement and Certificate of Designation for the applicable series of preference shares, unless and until further action is taken by the Board of Directors. The dividend payment dates for the preference shares will be the first day of March, June, September and December of each year (or if this date is not a business day, on the business day immediately following this date). The record dates for the preference share dividends are one day prior to the dividend payment dates. The amount of the dividend on the Series C 6.08% Preference Shares is an amount per share equal to 6.08% of the liquidation preference per annum (the equivalent to $1.52 per share per annum, or $0.38 per share per quarter). The amount of the dividend on the Series E 5.375% Preference Shares is an amount per share equal to 5.375% of the liquidation preference per annum (the equivalent to $1.34375 per share per annum, or $0.3359375 per share per quarter). During the six months ended June 30, 2018, the Company paid $11.2 million in preference share dividends (2017 - $11.2 million) and $26.5 million in common share dividends (2017 - $25.9 million). Preference Shares In June 2018, the Company issued 10,000 shares of its 5.750% Series F Preference Shares, $1.00 par value and liquidation preference $25,000 per share (equivalent to 10,000,000 Depositary Shares, each of which represents a 1/1,000th interest in a 5.750% Series F Preference Share). The 5.750% Series F Preference Shares have no stated maturity date and may be redeemed at a redemption price of $25,000 per share (equivalent to $25.00 per Depositary Share), plus declared and unpaid dividends, at RenaissanceRe’s option on or after June 30, 2023, provided that no redemption may occur prior to June 30, 2028 unless certain redemption requirements are met. In certain circumstances, such as a change in tax law or a capital disqualification event, the Company may redeem the 5.750% Series F Preference Shares prior to June 30, 2023. In addition, the Company may redeem the 5.750% Series F Preference Shares prior to June 30, 2023 at a redemption price of $26,000 per share (equivalent to $26.00 per Depositary Share), plus accrued and unpaid dividends, in certain circumstances where the 5.750% Series F Preference Shares are entitled to vote on an amalgamation, consolidation, merger or other similar corporate transaction, or change in Bermuda law. Dividends on the 5.750% Series F Preference Shares are payable on a non-cumulative basis, only when, as and if declared by the Board of Directors, at an annual rate of 5.750% of the liquidation preference per annum (the equivalent to $1,437.50 per 5.750% Series F Preference Share per annum, or $359.375 per 5.750% Series F Preference Share per quarter, or $1.4375 per Depositary Share per annum, or $0.359375 per Depositary Share per quarter). Unless certain dividend payments are made on the 5.750% Series F Preference Shares, RenaissanceRe will be restricted from paying any dividends on and repurchasing its common shares. Share Repurchases The Company’s share repurchase program may be effected from time to time, depending on market conditions and other factors, through open market purchases and privately negotiated transactions. On November 10, 2017, RenaissanceRe’s Board of Directors approved a renewal of its authorized share repurchase program for an aggregate amount of up to $500.0 million. Unless terminated earlier by RenaissanceRe’s Board of Directors, the program will expire when the Company has repurchased the full value of the common shares authorized. The Company’s decision to repurchase common shares will depend on, among other matters, the market price of the common shares and the capital requirements of the Company. During the six months ended June 30, 2018, the Company’s did not repurchase any of its common shares. At June 30, 2018, $500.0 million remained available for repurchase under the share repurchase program.

Earnings Per Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per common share:




	Three months ended						Six months ended
(common shares in thousands)	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Numerator:
Net income available to RenaissanceRe common shareholders	$	191,788		$	171,142		$	248,501		$	263,494
Amount allocated to participating common shareholders (1)	(2,174		)	(1,585		)	(2,583		)	(2,526		)
Net income allocated to RenaissanceRe common shareholders	$	189,614		$	169,557		$	245,918		$	260,968
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	39,641			39,937			39,597			40,172
Per common share equivalents of employee stock options and restricted shares	13			87			25			152
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	39,654			40,024			39,622			40,324
Net income available to RenaissanceRe common shareholders per common share – basic	$	4.78		$	4.25		$	6.21		$	6.50
Net income available to RenaissanceRe common shareholders per common share – diluted	$	4.78		$	4.24		$	6.21		$	6.47


(1)	Represents earnings attributable to holders of unvested restricted shares issued pursuant to the Company’s 2001 Stock Incentive Plan, 2010 Performance-Based Equity Incentive Plan, 2016 Long-Term Incentive Plan and to the Company’s non-employee directors.

Segment Reporting

6 Months Ended

Jun. 30, 2018

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting

SEGMENT REPORTING

The Company’s reportable segments are defined as follows: (1) Property, which is comprised of catastrophe and other property reinsurance and insurance written on behalf of the Company’s operating subsidiaries and certain joint ventures managed by the Company’s ventures unit, and (2) Casualty and Specialty, which is comprised of casualty and specialty reinsurance and insurance written on behalf of the Company’s operating subsidiaries and certain joint ventures managed by the Company’s ventures unit. In addition to its reportable segments, the Company has an Other category, which primarily includes its strategic investments, investments unit, corporate expenses, capital servicing costs, noncontrolling interests and the remnants of its former Bermuda-based insurance operations.

The Company’s Property segment is managed by the Chief Underwriting Officer - Property and the Casualty and Specialty segment is managed by the Chief Underwriting Officer - Casualty and Specialty, each of whom operate under the direction of the Company’s Group Chief Underwriting Officer, who in turn reports to the Company’s President and Chief Executive Officer.

The Company does not manage its assets by segment; accordingly, net investment income and total assets are not allocated to the segments.

A summary of the significant components of the Company’s revenues and expenses by segment is as follows:




Three months ended June 30, 2018	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	552,627		$	424,716		$	—		$	977,343
Net premiums written	$	297,832		$	306,677		$	—		$	604,509
Net premiums earned	$	204,138		$	225,247		$	—		$	429,385
Net claims and claim expenses incurred	(74,269		)	134,524			(88		)	60,167
Acquisition expenses	40,850			64,201			1			105,052
Operational expenses	23,810			13,552			181			37,543
Underwriting income (loss)	$	213,747		$	12,970		$	(94	)	226,623
Net investment income							71,356			71,356
Net foreign exchange losses							(10,687		)	(10,687		)
Equity in earnings of other ventures							5,826			5,826
Other income							1,225			1,225
Net realized and unrealized losses on investments							(17,901		)	(17,901		)
Corporate expenses							(8,301		)	(8,301		)
Interest expense							(11,768		)	(11,768		)
Income before taxes										256,373
Income tax expense							(4,506		)	(4,506		)
Net income attributable to redeemable noncontrolling interests							(54,483		)	(54,483		)
Dividends on preference shares							(5,596		)	(5,596		)
Net income available to RenaissanceRe common shareholders										$	191,788

Net claims and claim expenses incurred – current accident year	$	68,876		$	147,520		$	—		$	216,396
Net claims and claim expenses incurred – prior accident years	(143,145		)	(12,996		)	(88		)	(156,229		)
Net claims and claim expenses incurred – total	$	(74,269	)	$	134,524		$	(88	)	$	60,167

Net claims and claim expense ratio – current accident year	33.7		%	65.5		%				50.4		%
Net claims and claim expense ratio – prior accident years	(70.1		)%	(5.8		)%				(36.4		)%
Net claims and claim expense ratio – calendar year	(36.4		)%	59.7		%				14.0		%
Underwriting expense ratio	31.7		%	34.5		%				33.2		%
Combined ratio	(4.7		)%	94.2		%				47.2		%



Six months ended June 30, 2018	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	1,259,595		$	877,400		$	—		$	2,136,995
Net premiums written	$	651,909		$	615,644		$	—		$	1,267,553
Net premiums earned	$	429,187		$	440,480		$	—		$	869,667
Net claims and claim expenses incurred	(43,662		)	275,602			(70		)	231,870
Acquisition expenses	81,571			121,191			1			202,763
Operational expenses	50,356			28,145			314			78,815
Underwriting income (loss)	$	340,922		$	15,542		$	(245	)	356,219
Net investment income							127,832			127,832
Net foreign exchange losses							(6,930		)	(6,930		)
Equity in earnings of other ventures							6,683			6,683
Other loss							(17		)	(17		)
Net realized and unrealized losses on investments							(100,045		)	(100,045		)
Corporate expenses							(15,034		)	(15,034		)
Interest expense							(23,535		)	(23,535		)
Income before taxes										345,173
Income tax expense							(1,099		)	(1,099		)
Net income attributable to redeemable noncontrolling interests							(84,382		)	(84,382		)
Dividends on preference shares							(11,191		)	(11,191		)
Net income available to RenaissanceRe common shareholders										$	248,501

Net claims and claim expenses incurred – current accident year	$	127,045		$	292,389		$	—		$	419,434
Net claims and claim expenses incurred – prior accident years	(170,707		)	(16,787		)	(70		)	(187,564		)
Net claims and claim expenses incurred – total	$	(43,662	)	$	275,602		$	(70	)	$	231,870

Net claims and claim expense ratio – current accident year	29.6		%	66.4		%				48.2		%
Net claims and claim expense ratio – prior accident years	(39.8		)%	(3.8		)%				(21.5		)%
Net claims and claim expense ratio – calendar year	(10.2		)%	62.6		%				26.7		%
Underwriting expense ratio	30.8		%	33.9		%				32.3		%
Combined ratio	20.6		%	96.5		%				59.0		%




Three months ended June 30, 2017	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	499,347		$	328,068		$	—		$	827,415
Net premiums written	$	336,464		$	219,281		$	—		$	555,745
Net premiums earned	$	192,198		$	190,065		$	2		$	382,265
Net claims and claim expenses incurred	33,017			109,797			(227		)	142,587
Acquisition expenses	28,500			59,752			(1		)	88,251
Operational expenses	24,053			17,712			1			41,766
Underwriting income	$	106,628		$	2,804		$	229		109,661
Net investment income							54,163			54,163
Net foreign exchange gains							3,109			3,109
Equity in earnings of other ventures							5,543			5,543
Other income							2,392			2,392
Net realized and unrealized gains on investments							58,113			58,113
Corporate expenses							(4,636		)	(4,636		)
Interest expense							(10,091		)	(10,091		)
Income before taxes and noncontrolling interests										218,254
Income tax expense							(3,904		)	(3,904		)
Net income attributable to noncontrolling interests							(37,612		)	(37,612		)
Dividends on preference shares							(5,596		)	(5,596		)
Net income available to RenaissanceRe common shareholders										$	171,142

Net claims and claim expenses incurred – current accident year	$	56,889		$	130,802		$	—		$	187,691
Net claims and claim expenses incurred – prior accident years	(23,872		)	(21,005		)	(227		)	(45,104		)
Net claims and claim expenses incurred – total	$	33,017		$	109,797		$	(227	)	$	142,587

Net claims and claim expense ratio – current accident year	29.6		%	68.8		%				49.1		%
Net claims and claim expense ratio – prior accident years	(12.4		)%	(11.0		)%				(11.8		)%
Net claims and claim expense ratio – calendar year	17.2		%	57.8		%				37.3		%
Underwriting expense ratio	27.3		%	40.7		%				34.0		%
Combined ratio	44.5		%	98.5		%				71.3		%




Six months ended June 30, 2017	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	1,019,876		$	729,629		$	—		$	1,749,505
Net premiums written	$	626,335		$	473,546		$	—		$	1,099,881
Net premiums earned	$	379,186		$	369,124		$	—		$	748,310
Net claims and claim expenses incurred	71,855			264,368			(555		)	335,668
Acquisition expenses	57,603			113,931			(1		)	171,533
Operational expenses	51,718			37,319			12			89,049
Underwriting income (loss)	$	198,010		$	(46,494	)	$	544		152,060
Net investment income							108,488			108,488
Net foreign exchange gains							11,274			11,274
Equity in losses of other ventures							4,036			4,036
Other income							4,057			4,057
Net realized and unrealized gains on investments							101,486			101,486
Corporate expenses							(9,922		)	(9,922		)
Interest expense							(20,617		)	(20,617		)
Income before taxes and noncontrolling interests										350,862
Income tax expense							(4,238		)	(4,238		)
Net income attributable to noncontrolling interests							(71,939		)	(71,939		)
Dividends on preference shares							(11,191		)	(11,191		)
Net income available to RenaissanceRe common shareholders										$	263,494

Net claims and claim expenses incurred – current accident year	$	96,655		$	255,111		$	—		$	351,766
Net claims and claim expenses incurred – prior accident years	(24,800		)	9,257			(555		)	(16,098		)
Net claims and claim expenses incurred – total	$	71,855		$	264,368		$	(555	)	$	335,668

Net claims and claim expense ratio – current accident year	25.5		%	69.1		%				47.0		%
Net claims and claim expense ratio – prior accident years	(6.6		)%	2.5		%				(2.1		)%
Net claims and claim expense ratio – calendar year	18.9		%	71.6		%				44.9		%
Underwriting expense ratio	28.9		%	41.0		%				34.8		%
Combined ratio	47.8		%	112.6		%				79.7		%

Derivative Instruments

6 Months Ended

Jun. 30, 2018

Summary of Derivative Instruments [Abstract]

Derivative Instruments

DERIVATIVE INSTRUMENTS

From time to time, the Company may enter into derivative instruments such as futures, options, swaps, forward contracts and other derivative contracts primarily to manage its foreign currency exposure, obtain exposure to a particular financial market, for yield enhancement, or for trading and speculation. The Company’s derivative instruments can be exchange traded or over-the-counter, with over-the-counter derivatives generally traded under International Swaps and Derivatives Association master agreements, which establish the terms of the transactions entered into with the Company’s derivative counterparties. In the event a party becomes insolvent or otherwise defaults on its obligations, a master agreement generally permits the non-defaulting party to accelerate and terminate all outstanding transactions and net the transactions’ marked-to-market values so that a single sum in a single currency will be owed by, or owed to, the non-defaulting party. Effectively, this contractual close-out netting reduces credit exposure from gross to net exposure. Where the Company has entered into master netting agreements with counterparties, or the Company has the legal and contractual right to offset positions, the derivative positions are generally netted by counterparty and are reported accordingly in other assets and other liabilities.

The tables below show the gross and net amounts of recognized derivative assets and liabilities at fair value, including the location on the consolidated balance sheets of the Company’s principal derivative instruments:




	Derivative Assets
At June 30, 2018	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Balance Sheet Location	Collateral		Net Amount
Interest rate futures	$	81	81		$	—	Other assets	$	—	$	—
Interest rate swaps	573		—		573		Other assets	—		573
Foreign currency forward contracts (1)	6,687		—		6,687		Other assets	—		6,687
Foreign currency forward contracts (2)	1,759		5		1,754		Other assets	—		1,754
Credit default swaps	462		—		462		Other assets	—		462
Total	$	9,562	$	86	$	9,476		$	—	$	9,476

	Derivative Liabilities
At June 30, 2018	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Balance Sheet Location	Collateral Pledged		Net Amount
Interest rate futures	$	176	81		$	95	Other liabilities	$	95	$	—
Foreign currency forward contracts (1)	13,100		2,146		10,954		Other liabilities	—		10,954
Foreign currency forward contracts (2)	593		5		588		Other liabilities	—		588
Total	$	13,869	$	2,232	$	11,637		$	95	$	11,542


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.




	Derivative Assets
At December 31, 2017	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Balance Sheet Location	Collateral		Net Amount
Interest rate futures	$	684	524		$	160	Other assets	$	—	$	160
Interest rate swaps	424		—		424		Other assets	—		424
Foreign currency forward contracts (1)	3,865		358		3,507		Other assets	—		3,507
Foreign currency forward contracts (2)	39		11		28		Other assets	—		28
Credit default swaps	1,518		—		1,518		Other assets	—		1,518
Total	$	6,530	$	893	$	5,637		$	—	$	5,637

	Derivative Liabilities
At December 31, 2017	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Balance Sheet Location	Collateral Pledged		Net Amount
Interest rate futures	$	729	524		$	205	Other liabilities	$	205	$	—
Foreign currency forward contracts (1)	670		—		670		Other liabilities	—		670
Foreign currency forward contracts (2)	115		11		104		Other liabilities	—		104
Credit default swaps	22		—		22		Other liabilities	22		—
Total	$	1,536	$	535	$	1,001		$	227	$	774


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.

Refer to “Note 3. Investments” for information on reverse repurchase agreements.

The location and amount of the gain (loss) recognized in the Company’s consolidated statements of operations related to its principal derivative instruments are shown in the following table:




	Location of gain (loss) recognized on derivatives	Amount of gain (loss) recognized on derivatives
Three months ended June 30,		2018			2017
Interest rate futures	Net realized and unrealized (losses) gains on investments	$	(87	)	$	(890	)
Interest rate swaps	Net realized and unrealized (losses) gains on investments	241			—
Foreign currency forward contracts (1)	Net foreign exchange (losses) gains	(6,374		)	5,223
Foreign currency forward contracts (2)	Net foreign exchange (losses) gains	1,343			(267		)
Credit default swaps	Net realized and unrealized (losses) gains on investments	884			622
Total		$	(3,993	)	$	4,688



	Location of gain (loss) recognized on derivatives	Amount of gain (loss) recognized on derivatives
Six months ended June 30,		2018			2017
Interest rate futures	Net realized and unrealized (losses) gains on investments	$	(2,424	)	$	(1,048	)
Interest rate swaps	Net realized and unrealized (losses) gains on investments	135			—
Foreign currency forward contracts (1)	Net foreign exchange (losses) gains	369			6,283
Foreign currency forward contracts (2)	Net foreign exchange (losses) gains	652			(900		)
Credit default swaps	Net realized and unrealized (losses) gains on investments	(1,037		)	724
Total		$	(2,305	)	$	5,059


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.

The Company is not aware of the existence of any credit-risk related contingent features that it believes would be triggered in its derivative instruments that are in a net liability position at June 30, 2018.

Interest Rate Derivatives

The Company uses interest rate futures and swaps within its portfolio of fixed maturity investments to manage its exposure to interest rate risk, which may result in increasing or decreasing its exposure to this risk.

Interest Rate Futures

The fair value of interest rate futures is determined using exchange traded prices. At June 30, 2018, the Company had $1.1 billion of notional long positions and $398.6 million of notional short positions of primarily Eurodollar, U.S. treasury and non-U.S. dollar futures contracts (December 31, 2017 - $1.5 billion and $801.1 million, respectively).

Interest Rate Swaps

The fair value of interest rate swaps is determined using the relevant exchange traded price where available or a discounted cash flow model based on the terms of the contract and inputs, including, where applicable, observable yield curves. At June 30, 2018, the Company had $38.8 million of notional positions paying a fixed rate and $25.5 million receiving a fixed rate denominated in U.S. dollars (December 31, 2017 - $40.3 million and $Nil, respectively).

Foreign Currency Derivatives

The Company’s functional currency is the U.S. dollar. The Company writes a portion of its business in currencies other than U.S. dollars and may, from time to time, experience foreign exchange gains and losses in the Company’s consolidated financial statements. All changes in exchange rates, with the exception of non-monetary assets and liabilities, are recognized in the Company’s consolidated statements of operations.

Underwriting Operations Related Foreign Currency Contracts

The Company’s foreign currency policy with regard to its underwriting operations is generally to hold foreign currency assets, including cash, investments and receivables that approximate the foreign currency liabilities, including claims and claim expense reserves and reinsurance balances payable. When necessary, the Company may use foreign currency forward and option contracts to minimize the effect of fluctuating foreign currencies on the value of non-U.S. dollar denominated assets and liabilities associated with its underwriting operations. The fair value of the Company’s underwriting operations related foreign currency contracts is determined using indicative pricing obtained from counterparties or broker quotes. At June 30, 2018, the Company had outstanding underwriting related foreign currency contracts of $401.2 million in notional long positions and $513.4 million in notional short positions, denominated in U.S. dollars (December 31, 2017 - $215.4 million and $44.2 million, respectively).

Investment Portfolio Related Foreign Currency Forward Contracts

The Company’s investment operations are exposed to currency fluctuations through its investments in non-U.S. dollar fixed maturity investments, short term investments and other investments. From time to time, the Company may employ foreign currency forward contracts in its investment portfolio to either assume foreign currency risk or to economically hedge its exposure to currency fluctuations from these investments. The fair value of the Company’s investment portfolio related foreign currency forward contracts is determined using an interpolated rate based on closing forward market rates. At June 30, 2018, the Company had outstanding investment portfolio related foreign currency contracts of $91.8 million in notional long positions and $49.4 million in notional short positions, denominated in U.S. dollars (December 31, 2017 - $16.6 million and $5.1 million, respectively).

Credit Derivatives

The Company’s exposure to credit risk is primarily due to its fixed maturity investments, short term investments, premiums receivable and reinsurance recoverable. From time to time, the Company may purchase credit derivatives to hedge its exposures in the insurance industry, and to assist in managing the credit risk associated with ceded reinsurance. The Company also employs credit derivatives in its investment portfolio to either assume credit risk or hedge its credit exposure. The fair value of credit derivatives is determined using industry valuation models, broker bid indications or internal pricing valuation techniques. The fair value of these credit derivatives can change based on a variety of factors including changes in credit spreads, default rates and recovery rates, the correlation of credit risk between the referenced credit and the counterparty, and market rate inputs such as interest rates. At June 30, 2018, the Company had outstanding credit derivatives of $1.0 million in notional positions to hedge credit risk and $99.6 million in notional positions to assume credit risk, denominated in U.S. dollars (December 31, 2017 - $1.0 million and $18.8 million, respectively).

Commitments, Contingencies and Other Items	6 Months Ended
Commitments, Contingencies and Other Items	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Other Items	COMMITMENTS, CONTINGENCIES AND OTHER ITEMS There are no material changes from the commitments and contingencies previously disclosed in the Company’s Form 10-K for the year ended December 31, 2017. Legal Proceedings The Company and its subsidiaries are subject to lawsuits and regulatory actions in the normal course of business that do not arise from or directly relate to claims on reinsurance treaties or contracts or direct surplus lines insurance policies. In the Company’s industry, business litigation may involve allegations of underwriting or claims-handling errors or misconduct, disputes relating to the scope of, or compliance with, the terms of delegated underwriting agreements, employment claims, regulatory actions or disputes arising from the Company’s business ventures. The Company’s operating subsidiaries are subject to claims litigation involving, among other things, disputed interpretations of policy coverages. Generally, the Company’s direct surplus lines insurance operations are subject to greater frequency and diversity of claims and claims-related litigation than its reinsurance operations and, in some jurisdictions, may be subject to direct actions by allegedly injured persons or entities seeking damages from policyholders. These lawsuits, involving or arising out of claims on policies issued by the Company’s subsidiaries which are typical to the insurance industry in general and in the normal course of business, are considered in its loss and loss expense reserves. In addition, the Company may from time to time engage in litigation or arbitration related to its claims for payment in respect of ceded reinsurance, including disputes that challenge the Company’s ability to enforce its underwriting intent. Such matters could result, directly or indirectly, in providers of protection not meeting their obligations to the Company or not doing so on a timely basis. The Company may also be subject to other disputes from time to time, relating to operational or other matters distinct from insurance or reinsurance claims. Any litigation or arbitration, or regulatory process, contains an element of uncertainty, and the value of an exposure or a gain contingency related to a dispute is difficult to estimate accordingly. Currently, the Company believes that no individual litigation or arbitration to which it is presently a party is likely to have a material adverse effect on its financial condition, business or operations.

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries

6 Months Ended

Jun. 30, 2018

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries

CONDENSED CONSOLIDATING FINANCIAL INFORMATION PROVIDED IN CONNECTION WITH OUTSTANDING DEBT OF SUBSIDIARIES

The following tables present condensed consolidating balance sheets at June 30, 2018 and December 31, 2017, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the three and six months ended June 30, 2018 and 2017, and condensed consolidating statements of cash flows for the six months ended June 30, 2018. Each of RenRe North America Holdings Inc. and RenaissanceRe Finance, Inc. is a 100% owned subsidiary of RenaissanceRe. On June 1, 2017, the notes issued by Platinum Underwriters Finance, Inc. (“Platinum Finance”) matured and the Company repaid the aggregate principal amount plus applicable accrued interest in full. Platinum Finance was subsequently dissolved on November 30, 2017. Prior to the liquidation of Platinum Finance, it was a 100% owned subsidiary of RenaissanceRe. For additional information related to the terms of the Company’s outstanding debt securities, see “Note 9. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” in the Company’s Form 10-K for the year ended December 31, 2017 and “Note 7. Debt and Credit Facilities” in the “Notes to Consolidated Financial Statements” included herein.



Condensed Consolidating Balance Sheet at June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)		Consolidating Adjustments (2)			RenaissanceRe Consolidated
Assets
Total investments	$	99,651	$	114,609	$	16,683	$	10,479,717	$	—		$	10,710,660
Cash and cash equivalents	2,502		12		4,745		541,213		—			548,472
Investments in subsidiaries	4,289,987		54,479		1,159,014		—		(5,503,480		)	—
Due from subsidiaries and affiliates	139,503		91,891		—		—		(231,394		)	—
Premiums receivable	—		—		—		1,959,647		—			1,959,647
Prepaid reinsurance premiums	—		—		—		925,501		—			925,501
Reinsurance recoverable	—		—		—		1,454,991		—			1,454,991
Accrued investment income	406		318		71		44,015		—			44,810
Deferred acquisition costs	—		—		—		511,155		—			511,155
Receivable for investments sold	195,242		68		—		310,597		—			505,907
Other assets	444,328		20,798		433,500		83,597		(860,175		)	122,048
Goodwill and other intangible assets	122,644		—		—		117,543		—			240,187
Total assets	$	5,294,263	$	282,175	$	1,614,013	$	16,427,976	$	(6,595,049	)	$	17,023,378
Liabilities, Noncontrolling Interests and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	4,702,345	$	—		$	4,702,345
Unearned premiums	—		—		—		2,267,450		—			2,267,450
Debt	417,000		—		842,486		147,885		(417,000		)	990,371
Amounts due to subsidiaries and affiliates	5,276		104		114,127		—		(119,507		)	—
Reinsurance balances payable	—		—		—		2,085,034		—			2,085,034
Payable for investments purchased	—		32		—		490,557		—			490,589
Other liabilities	11,926		694		13,945		120,523		(12,988		)	134,100
Total liabilities	434,202		830		970,558		9,813,794		(549,495		)	10,669,889
Redeemable noncontrolling interests	—		—		—		1,493,428		—			1,493,428
Shareholders’ Equity
Total shareholders’ equity	4,860,061		281,345		643,455		5,120,754		(6,045,554		)	4,860,061
Total liabilities, noncontrolling interests and shareholders’ equity	$	5,294,263	$	282,175	$	1,614,013	$	16,427,976	$	(6,595,049	)	$	17,023,378


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Balance Sheet at December 31, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)		Consolidating Adjustments (2)			RenaissanceRe Consolidated
Assets
Total investments	$	225,266	$	129,732	$	31,255	$	9,117,186	$	—		$	9,503,439
Cash and cash equivalents	14,656		139		1,469		1,345,328		—			1,361,592
Investments in subsidiaries	4,105,760		36,140		1,141,733		—		(5,283,633		)	—
Due from subsidiaries and affiliates	4,602		91,891		—		—		(96,493		)	—
Premiums receivable	—		—		—		1,304,622		—			1,304,622
Prepaid reinsurance premiums	—		—		—		533,546		—			533,546
Reinsurance recoverable	—		—		—		1,586,630		—			1,586,630
Accrued investment income	405		428		82		41,320		—			42,235
Deferred acquisition costs	—		—		—		426,551		—			426,551
Receivable for investments sold	135		51		8		102,951		—			103,145
Other assets	433,468		21,342		430,481		76,703		(840,768		)	121,226
Goodwill and other intangible assets	124,960		—		—		118,185		—			243,145
Total assets	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	5,080,408	$	—		$	5,080,408
Unearned premiums	—		—		—		1,477,609		—			1,477,609
Debt	417,000		—		841,892		147,731		(417,000		)	989,623
Amounts due to subsidiaries and affiliates	82,579		54		92,794		—		(175,427		)	—
Reinsurance balances payable	—		—		—		989,090		—			989,090
Payable for investments purchased	—		—		—		208,749		—			208,749
Other liabilities	18,298		1,053		14,117		764,432		(5,129		)	792,771
Total liabilities	517,877		1,107		948,803		8,668,019		(597,556		)	9,538,250
Redeemable noncontrolling interests	—		—		—		1,296,506		—			1,296,506
Shareholders’ Equity
Total shareholders’ equity	4,391,375		278,616		656,225		4,688,497		(5,623,338		)	4,391,375
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the three months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	429,385		$	—		$	429,385
Net investment income	5,927			577			1,206			71,257			(7,611		)	71,356
Net foreign exchange losses	(1		)	—			—			(10,686		)	—			(10,687		)
Equity in earnings of other ventures	—			—			544			5,282			—			5,826
Other income	—			—			—			1,225			—			1,225
Net realized and unrealized gains (losses) on investments	16			1,713			(67		)	(19,563		)	—			(17,901		)
Total revenues	5,942			2,290			1,683			476,900			(7,611		)	479,204
Expenses
Net claims and claim expenses incurred	—			—			—			60,167			—			60,167
Acquisition expenses	—			—			—			105,052			—			105,052
Operational expenses	2,668			21			8,174			33,106			(6,426		)	37,543
Corporate expenses	5,036			—			7			3,258			—			8,301
Interest expense	1,108			—			9,254			2,514			(1,108		)	11,768
Total expenses	8,812			21			17,435			204,097			(7,534		)	222,831
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(2,870		)	2,269			(15,752		)	272,803			(77		)	256,373
Equity in net income (loss) of subsidiaries	202,525			716			21,152			—			(224,393		)	—
Income before taxes	199,655			2,985			5,400			272,803			(224,470		)	256,373
Income tax (expense) benefit	(2,271		)	(468		)	2,022			(3,789		)	—			(4,506		)
Net income	197,384			2,517			7,422			269,014			(224,470		)	251,867
Net income attributable to redeemable noncontrolling interests	—			—			—			(54,483		)	—			(54,483		)
Net income attributable to RenaissanceRe	197,384			2,517			7,422			214,531			(224,470		)	197,384
Dividends on preference shares	(5,596		)	—			—			—			—			(5,596		)
Net income available to RenaissanceRe common shareholders	$	191,788		$	2,517		$	7,422		$	214,531		$	(224,470	)	$	191,788


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income for the three months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income
Net income	$	197,384	$	2,517	$	7,422	$	269,014		$	(224,470	)	$	251,867
Change in net unrealized gains on investments	—		—		—		(1,295		)	—			(1,295		)
Comprehensive income	197,384		2,517		7,422		267,719			(224,470		)	250,572
Net income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		(54,483		)	—			(54,483		)
Comprehensive income available to RenaissanceRe	$	197,384	$	2,517	$	7,422	$	213,236		$	(224,470	)	$	196,089


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	869,667		$	—		$	869,667
Net investment income	11,962			1,090			2,440			127,562			(15,222		)	127,832
Net foreign exchange losses	(4		)	—			—			(6,942		)	—			(6,930		)
Equity in earnings of other ventures	—			—			1,755			4,928			—			6,683
Other loss	—			—			—			(17		)	—			(17		)
Net realized and unrealized (losses) gains on investments	(645		)	427			(326		)	(99,501		)	—			(100,045		)
Total revenues	11,313			1,517			3,869			895,697			(15,222		)	897,190
Expenses
Net claims and claim expenses incurred	—			—			—			231,870			—			231,870
Acquisition expenses	—			—			—			202,763			—			202,763
Operational expenses	3,981			31			19,244			71,039			(15,480		)	78,815
Corporate expenses	8,720			—			7			6,307			—			15,034
Interest expense	2,216			—			18,506			5,029			(2,216		)	23,535
Total expenses	14,917			31			37,757			517,008			(17,696		)	552,017
(Loss) income before equity in net income of subsidiaries and taxes	(3,604		)	1,486			(33,888		)	378,689			2,474			345,173
Equity in net income of subsidiaries	264,951			1,550			17,339			—			(283,840		)	—
Income (loss) before taxes	261,347			3,036			(16,549		)	378,689			(281,366		)	345,173
Income tax (expense) benefit	(1,655		)	(247		)	3,837			(3,034		)	—			(1,099		)
Net income (loss)	259,692			2,789			(12,712		)	375,655			(281,366		)	344,074
Net income attributable to redeemable noncontrolling interests	—			—			—			(84,382		)	—			(84,382		)
Net income (loss) attributable to RenaissanceRe	259,692			2,789			(12,712		)	291,273			(281,366		)	259,692
Dividends on preference shares	(11,191		)	—			—			—			—			(11,191		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	248,501		$	2,789		$	(12,712	)	$	291,273		$	(281,366	)	$	248,501


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income (Loss) for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	259,692	$	2,789	$	(12,712	)	$	375,655		$	(281,366	)	$	344,074
Change in net unrealized gains on investments	—		—		—			(1,325		)	—			(1,325		)
Comprehensive income (loss)	259,692		2,789		(12,712		)	374,330			(281,366		)	342,749
Net income attributable to redeemable noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income attributable to noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income (loss) attributable to RenaissanceRe	$	259,692	$	2,789	$	(12,712	)	$	289,948		$	(281,366	)	$	258,367


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the three months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	—		$	382,265		$	—		$	382,265
Net investment income	5,284			466			535			239			53,891			(6,252		)	54,163
Net foreign exchange (losses) gains	(1		)	—			—			—			3,110			—			3,109
Equity in (losses) earnings of other ventures	—			—			—			302			5,241			—			5,543
Other income	—			—			—			—			2,392			—			2,392
Net realized and unrealized (losses) gains on investments	(8		)	1,421			191			(242		)	56,751			—			58,113
Total revenues	5,275			1,887			726			299			503,650			(6,252		)	505,585
Expenses
Net claims and claim expenses incurred	—			—			—			—			142,587			—			142,587
Acquisition expenses	—			—			—			—			88,251			—			88,251
Operational expenses	3,190			16			35			6,647			36,402			(4,524		)	41,766
Corporate expenses	4,798			—			—			—			(162		)	—			4,636
Interest expense	141			—			985			6,601			2,505			(141		)	10,091
Total expenses	8,129			16			1,020			13,248			269,583			(4,665		)	287,331
(Loss) income before equity in net income of subsidiaries and taxes	(2,854		)	1,871			(294		)	(12,949		)	234,067			(1,587		)	218,254
Equity in net income of subsidiaries	178,746			1,220			18,185			20,438			—			(218,589		)	—
Income before taxes	175,892			3,091			17,891			7,489			234,067			(220,176		)	218,254
Income tax benefit (expense)	846			(584		)	104			2,902			(7,172		)	—			(3,904		)
Net income	176,738			2,507			17,995			10,391			226,895			(220,176		)	214,350
Net income attributable to redeemable noncontrolling interests	—			—			—			—			(37,612		)	—			(37,612		)
Net income attributable to RenaissanceRe	176,738			2,507			17,995			10,391			189,283			(220,176		)	176,738
Dividends on preference shares	(5,596		)	—			—			—			—			—			(5,596		)
Net income available to RenaissanceRe common shareholders	$	171,142		$	2,507		$	17,995		$	10,391		$	189,283		$	(220,176	)	$	171,142


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income for the three months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income
Net income	$	176,738	$	2,507	$	17,995	$	10,391	$	226,895		$	(220,176	)	$	214,350
Change in net unrealized gains on investments	—		—		—		—		219			—			219
Comprehensive income	176,738		2,507		17,995		10,391		227,114			(220,176		)	214,569
Net income attributable to redeemable noncontrolling interests	—		—		—		—		(37,612		)	—			(37,612		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		—		(37,612		)	—			(37,612		)
Comprehensive income attributable to RenaissanceRe	$	176,738	$	2,507	$	17,995	$	10,391	$	189,502		$	(220,176	)	$	176,957


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	—		$	748,310		$	—		$	748,310
Net investment income	10,741			892			1,376			508			107,474			(12,503		)	108,488
Net foreign exchange (losses) gains	(1		)	—			—			—			11,275			—			11,274
Equity in earnings of other ventures	—			—			—			(450		)	4,486			—			4,036
Other (loss) income	(1		)	—			—			—			4,058			—			4,057
Net realized and unrealized gains (losses) on investments	45			4,342			4,916			(268		)	92,451			—			101,486
Total revenues	10,784			5,234			6,292			(210		)	968,054			(12,503		)	977,651
Expenses
Net claims and claim expenses incurred	—			—			—			—			335,668			—			335,668
Acquisition expenses	—			—			—			—			171,533			—			171,533
Operational expenses	6,488			40			85			14,626			78,460			(10,650		)	89,049
Corporate expenses	10,006			—			—			—			(84		)	—			9,922
Interest expense	281			—			2,461			13,143			5,013			(281		)	20,617
Total expenses	16,775			40			2,546			27,769			590,590			(10,931		)	626,789
(Loss) income before equity in net income of subsidiaries and taxes	(5,991		)	5,194			3,746			(27,979		)	377,464			(1,572		)	350,862
Equity in net income of subsidiaries	280,099			2,306			28,028			36,936			—			(347,369		)	—
Income before taxes	274,108			7,500			31,774			8,957			377,464			(348,941		)	350,862
Income tax benefit (expense)	577			(1,682		)	(1,204		)	5,974			(7,903		)	—			(4,238		)
Net income	274,685			5,818			30,570			14,931			369,561			(348,941		)	346,624
Net income attributable to redeemable noncontrolling interests	—			—			—			—			(71,939		)	—			(71,939		)
Net income attributable to RenaissanceRe	274,685			5,818			30,570			14,931			297,622			(348,941		)	274,685
Dividends on preference shares	(11,191		)	—			—			—			—			—			(11,191		)
Net income available to RenaissanceRe common shareholders	$	263,494		$	5,818		$	30,570		$	14,931		$	297,622		$	(348,941	)	$	263,494


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income
Net income	$	274,685	$	5,818	$	30,570	$	14,931	$	369,561		$	(348,941	)	$	346,624
Change in net unrealized gains on investments	—		—		—		—		(1,272		)	—			(1,272		)
Comprehensive income	274,685		5,818		30,570		14,931		368,289			(348,941		)	345,352
Net income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income available to RenaissanceRe	$	274,685	$	5,818	$	30,570	$	14,931	$	296,350		$	(348,941	)	$	273,413


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$	(7,183	)	$	1,213		$	(32,605	)	$	387,686		$	349,111
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	120,555			62,334			35,946			4,594,373			4,813,208
Purchases of fixed maturity investments trading	(246,764		)	(46,047		)	(16,397		)	(4,704,803		)	(5,014,011		)
Net purchases of equity investments trading	—			(675		)	—			(33,623		)	(34,298		)
Net sales (purchases) of short term investments	56,048			(154		)	(5,001		)	(1,113,315		)	(1,062,422		)
Net purchases of other investments	—			—			—			(111,921		)	(111,921		)
Net purchases of investments in other ventures	—			—			—			(20,952		)	(20,952		)
Return of investment from investments in other ventures	—			—			—			8,464			8,464
Dividends and return of capital from subsidiaries	278,864			—			—			(278,864		)	—
Contributions to subsidiaries	(250,238		)	(16,848		)	—			267,086			—
Due (from) to subsidiary	(161,104		)	50			21,333			139,721			—
Net cash (used in) provided by investing activities	(202,639		)	(1,340		)	35,881			(1,253,834		)	(1,421,932		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(26,468		)	—			—			—			(26,468		)
Dividends paid – preference shares	(11,191		)	—			—			—			(11,191		)
Issuance of preference shares, net of expenses	242,371			—			—			—			242,371
Net third party redeemable noncontrolling interest share transactions	—			—			—			64,534			64,534
Taxes paid on withholding shares	(7,044		)	—			—			—			(7,044		)
Net cash provided by financing activities	197,668			—			—			64,534			262,202
Effect of exchange rate changes on foreign currency cash	—			—			—			(2,501		)	(2,501		)
Net (decrease) increase in cash and cash equivalents	(12,154		)	(127		)	3,276			(804,115		)	(813,120		)
Cash and cash equivalents, beginning of period	14,656			139			1,469			1,345,328			1,361,592
Cash and cash equivalents, end of period	$	2,502		$	12		$	4,745		$	541,213		$	548,472


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.



Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$	(11,924	)	$	(8,931	)	$	(5,017	)	$	(27,713	)	$	374,608		$	321,023
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	53,654			46,475			289,741			15,449			4,758,653			5,163,972
Purchases of fixed maturity investments trading	(105,523		)	(45,174		)	(143,991		)	(265,787		)	(4,890,887		)	(5,451,362		)
Net (purchases) sales of equity investments trading	—			(89		)	85,324			—			(38,930		)	46,305
Net sales (purchases) of short term investments	298,768			(1,351		)	41,299			(28,934		)	(33,707		)	276,075
Net sales of other investments	—			—			—			—			2,551			2,551
Return of investment from investment in other ventures	—			—			—			—			20,000			20,000
Dividends and return of capital from subsidiaries	167,111			9,175			—			17,975			(194,261		)	—
Contributions to subsidiaries	(200,000		)	—			—			(9,175		)	209,175			—
Due (from) to subsidiaries	(12,477		)	9			(41		)	1,278			11,231			—
Net cash provided by (used in) investing activities	201,533			9,045			272,332			(269,194		)	(156,175		)	57,541
Cash flows used in financing activities
Dividends paid – RenaissanceRe common shares	(25,877		)	—			—			—			—			(25,877		)
Dividends paid – preference shares	(11,191		)	—			—			—			—			(11,191		)
RenaissanceRe common share repurchases	(145,940		)	—			—			—			—			(145,940		)
Net repayment of debt	—			—			(250,000		)	—			—			(250,000		)
Net issuance of debt	—			—			—			295,866			—			295,866
Net third party redeemable noncontrolling interest share transactions	—			—			—			—			(33,655		)	(33,655		)
Taxes paid on withholding shares	(11,251		)	—			—			—			—			(11,251		)
Net cash used in financing activities	(194,259		)	—			(250,000		)	295,866			(33,655		)	(182,048		)
Effect of exchange rate changes on foreign currency cash	—			—			—			—			5,477			5,477
Net (decrease) increase in cash and cash equivalents	(4,650		)	114			17,315			(1,041		)	190,255			201,993
Cash and cash equivalents, beginning of period	7,067			162			6,671			9,397			397,860			421,157
Cash and cash equivalents, end of period	$	2,417		$	276		$	23,986		$	8,356		$	588,115		$	623,150

(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

Significant Accounting Policies (Policy)	6 Months Ended
Significant Accounting Policies (Policy)	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	BASIS OF PRESENTATION These consolidated financial statements have been prepared on the basis of accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in conformity with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete consolidated financial statements. In the opinion of management, these unaudited consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position and results of operations as at the end of and for the periods presented. All significant intercompany accounts and transactions have been eliminated from these statements. Certain comparative information has been reclassified to conform to the current presentation. Because of the seasonality of the Company’s business, the results of operations and cash flows for any interim period will not necessarily be indicative of the results of operations and cash flows for the full fiscal year or subsequent quarters.
Use of Estimates in Financial Statements	USE OF ESTIMATES IN FINANCIAL STATEMENTS The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported and disclosed amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. The major estimates reflected in the Company’s consolidated financial statements include, but are not limited to, the reserve for claims and claim expenses; reinsurance recoverables, including allowances for reinsurance recoverables deemed uncollectible; estimates of written and earned premiums; fair value, including the fair value of investments, financial instruments and derivatives; impairment charges; and the Company’s deferred tax valuation allowance.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements Not Yet Adopted	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 provides comprehensive guidance on the recognition of revenue from customers arising from the transfer of goods and services. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 also provides guidance on accounting for certain contract costs and will also require new disclosures. ASU 2014-09 was to be effective for public business entities in annual and interim periods beginning after December 15, 2016, however in July 2015, the FASB decided to defer by one year the effective dates of ASU 2014-09, and as a result, ASU 2014-09 is effective for public business entities in annual and interim periods beginning after December 15, 2017. ASU 2014-09 notably excludes the accounting for insurance contracts, leases, financial instruments and guarantees. The Company’s implementation efforts primarily focused on other income and operational expenses on its consolidated statements of operations. The adoption of ASU 2014-09 did not have a material impact on the Company’s consolidated statements of operations and financial position. Recognition and Measurement of Financial Assets and Financial Liabilities In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in the consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, simplifies the impairment assessment of equity investments without readily determinable values by requiring a qualitative assessment to identify impairment, eliminates the requirement to disclose the methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost, requires the use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation in other comprehensive income of the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the organization has elected to measure the liabilities in accordance with the fair value option, requires the separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements and clarifies that the reporting organization should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the organization’s other deferred tax assets. ASU 2016-01 is effective for public business entities in annual and interim periods beginning after December 15, 2017. The adoption of ASU 2016-01 did not have a material impact on the Company’s consolidated statements of operations and financial position. Classification of Certain Cash Receipts and Cash Payments In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (“ASU 2016-15”). ASU 2016-15 clarifies the classification of receipts and payments in the statement of cash flows. ASU 2016-15 provides guidance related to (1) settlement and payment of zero coupon debt instruments, (2) contingent consideration, (3) proceeds from settlement of insurance claims, (4) proceeds from settlement of corporate and bank owned life insurance policies, (5) distributions from equity method investees, (6) cash receipts from beneficial interests obtained by a transferor, and (7) general guidelines for cash receipts and payments that have more than one aspect of classification. ASU 2016-15 is effective for public business entities for annual periods beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU 2016-15 resulted in the reclassification of $20.0 million of cash inflows from cash flows provided by operating activities, to cash flows used in investing activities for the six months ended June 30, 2017. This amount related to a return of investment associated with the Company’s investment in Top Layer Reinsurance Ltd, recorded under the equity method of accounting. Improvements to Employee Share-Based Payment Accounting In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting (“ASU 2016-09”). ASU 2016-09 was issued to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and the classification of taxes paid on the statements of cash flows. ASU 2016-09 became effective for the Company in annual and interim periods beginning after December 15, 2016. The cumulative effect of the adoption of ASU 2016-09 was a $2.2 million increase to opening retained earnings as of January 1, 2017. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED Leases In February 2016, the FASB issued ASU No. 2016-02, Leases (“ASU 2016-02”). ASU 2016-02 requires lessees to recognize lease assets and lease liabilities on the balance sheet for those leases classified as operating leases under previous guidance. ASU 2016-02 is effective for public business entities for annual and interim periods beginning after December 15, 2018. Early application is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Measurement of Credit Losses on Financial Instruments In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 modifies the recognition of credit losses by replacing the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is applicable to financial assets such as loans, debt securities, trade receivables, off-balance sheet credit exposures, reinsurance receivables, and other financial assets that have the contractual right to receive cash. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The Company's invested assets are measured at fair value through net income, and therefore those invested assets would not be impacted by the adoption of ASU 2016-13. The Company has other financial assets, such as reinsurance recoverables, that could be impacted by the adoption of ASU 2016-13. ASU 2016-13 is effective for public business entities that are SEC filers for annual and interim periods beginning after December 15, 2019. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Intra-Entity Transfers of Assets Other Than Inventory In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory (“ASU 2016-16”). ASU 2016-16 requires entities to recognize the income tax consequences of intra-entity transfers of assets other than inventory when the transfers occur; this is a change from current guidance which prohibits the recognition of current and deferred income taxes until the underlying assets have been sold to outside entities. ASU 2016-16 is effective for public business entities for annual and interim periods beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position. Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment (“ASU 2017-04”). Among other things, ASU 2017-04 requires the following: (1) the elimination of step two of the goodwill impairment test; entities will no longer utilize the implied fair value of their assets and liabilities for purposes of testing goodwill for impairment, (2) the quantitative portion of the goodwill impairment test will be performed by comparing the fair value of a reporting unit with its carrying amount; an impairment charge is to be recognized for the excess of carrying amount over fair value, but only to the extent of the amount of goodwill allocated to that reporting unit, and (3) foreign currency translation adjustments are not to be allocated to a reporting unit from an entity’s accumulated other comprehensive income; the reporting unit’s carrying amount should include only the currently translated balances of the assets and liabilities assigned to the reporting unit. ASU 2017-04 is effective for public business entities that are SEC filers for annual periods, or any interim goodwill impairment tests in annual periods, beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s consolidated statements of operations and financial position.

Investments (Tables)

6 Months Ended

Jun. 30, 2018

Investments [Abstract]

Schedule of Fair Value of Fixed Maturity Investments Trading

The following table summarizes the fair value of fixed maturity investments trading:




	June 30, 2018		December 31, 2017
U.S. treasuries	$	2,968,855	$	3,168,763
Agencies	55,199		47,646
Municipal	6,164		509,802
Non-U.S. government (Sovereign debt)	298,811		287,660
Non-U.S. government-backed corporate	185,640		163,651
Corporate	2,280,080		2,063,459
Agency mortgage-backed	762,077		500,456
Non-agency mortgage-backed	300,311		300,331
Commercial mortgage-backed	248,590		202,062
Asset-backed	315,051		182,725
Total fixed maturity investments trading	$	7,420,778	$	7,426,555

Schedule of Contractual Maturities of Fixed Maturity Investments




June 30, 2018	Amortized Cost		Fair Value
Due in less than one year	$	385,371	$	383,353
Due after one through five years	4,482,713		4,421,536
Due after five through ten years	917,280		904,070
Due after ten years	88,229		85,790
Mortgage-backed	1,310,933		1,310,978
Asset-backed	315,471		315,051
Total	$	7,499,997	$	7,420,778

Schedule of Fair Value of Equity Investments Trading

The following table summarizes the fair value of equity investments trading:




	June 30, 2018		December 31, 2017
Financials	$	293,779	$	253,543
Communications and technology	55,100		49,526
Industrial, utilities and energy	33,097		34,325
Consumer	24,678		24,779
Healthcare	21,960		21,364
Basic materials	4,190		4,717
Total	$	432,804	$	388,254

Schedule of Net Investment Income

The components of net investment income are as follows:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Fixed maturity investments	$	50,416		$	44,356		$	96,059		$	87,775
Short term investments	7,633			2,981			12,937			4,705
Equity investments	1,490			889			2,188			1,700
Other investments
Private equity investments	3,860			6,611			3,426			14,413
Other	10,658			2,899			18,681			6,971
Cash and cash equivalents	1,039			295			1,604			484
	75,096			58,031			134,895			116,048
Investment expenses	(3,740		)	(3,868		)	(7,063		)	(7,560		)
Net investment income	$	71,356		$	54,163		$	127,832		$	108,488

Schedule of Net Realized and Unrealized (Losses) Gains on Investments

Net realized and unrealized (losses) gains on investments are as follows:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Gross realized gains	$	5,133		$	15,249		$	9,716		$	26,710
Gross realized losses	(26,519		)	(7,243		)	(52,372		)	(23,776		)
Net realized (losses) gains on fixed maturity investments	(21,386		)	8,006			(42,656		)	2,934
Net unrealized (losses) gains on fixed maturity investments trading	(9,420		)	18,760			(64,792		)	43,395
Net realized and unrealized gains (losses) on investments-related derivatives	1,038			(268		)	(3,326		)	(324		)
Net realized gains on equity investments trading sold during the period	348			15,146			582			36,061
Net unrealized gains on equity investments trading still held at reporting date	11,519			16,469			10,147			19,420
Net realized and unrealized gains on equity investments trading	11,867			31,615			10,729			55,481
Net realized and unrealized (losses) gains on investments	$	(17,901	)	$	58,113		$	(100,045	)	$	101,486

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

+ References + Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2018

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Below is a summary of the assets and liabilities that are measured at fair value on a recurring basis and also represents the carrying amount on the Company’s consolidated balance sheets:




At June 30, 2018	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)
Fixed maturity investments
U.S. treasuries	$	2,968,855		$	2,968,855		$	—		$	—
Agencies	55,199			—			55,199			—
Municipal	6,164			—			6,164			—
Non-U.S. government (Sovereign debt)	298,811			—			298,811			—
Non-U.S. government-backed corporate	185,640			—			185,640			—
Corporate	2,280,080			—			2,280,080			—
Agency mortgage-backed	762,077			—			762,077			—
Non-agency mortgage-backed	300,311			—			300,311			—
Commercial mortgage-backed	248,590			—			248,590			—
Asset-backed	315,051			—			315,051			—
Total fixed maturity investments	7,420,778			2,968,855			4,451,923			—
Short term investments	2,031,943			—			2,031,943			—
Equity investments trading	432,804			432,804			—			—
Other investments
Catastrophe bonds	501,025			—			501,025			—
Private equity partnerships (1)	186,200			—			—			—
Senior secured bank loan funds (1)	14,414			—			—			—
Hedge funds (1)	11,561			—			—			—
Total other investments	713,200			—			501,025			—
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts (2)	(2,018		)	—			—			(2,018		)
Derivatives (3)	(2,161		)	(95		)	(2,066		)	—
Total other assets and (liabilities)	(4,179		)	(95		)	(2,066		)	(2,018		)
	$	10,594,546		$	3,401,564		$	6,982,825		$	(2,018	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.


(2)	Included in assumed and ceded (re)insurance contracts at June 30, 2018 was $2.5 million and $4.5 million of other assets and other liabilities, respectively.


(3)	See “Note 13. Derivative Instruments” for additional information related to the fair value by type of contract, of derivatives entered into by the Company.




At December 31, 2017	Total			Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Fixed maturity investments
U.S. treasuries	$	3,168,763		$	3,168,763		$	—	$	—
Agencies	47,646			—			47,646		—
Municipal	509,802			—			509,802		—
Non-U.S. government (Sovereign debt)	287,660			—			287,660		—
Non-U.S. government-backed corporate	163,651			—			163,651		—
Corporate	2,063,459			—			2,063,459		—
Agency mortgage-backed	500,456			—			500,456		—
Non-agency mortgage-backed	300,331			—			300,331		—
Commercial mortgage-backed	202,062			—			202,062		—
Asset-backed	182,725			—			182,725		—
Total fixed maturity investments	7,426,555			3,168,763			4,257,792		—
Short term investments	991,863			—			991,863		—
Equity investments trading	388,254			388,254			—		—
Other investments
Catastrophe bonds	380,475			—			380,475		—
Private equity partnerships (1)	196,220			—			—		—
Senior secured bank loan funds (1)	17,574			—			—		—
Hedge funds (1)	524			—			—		—
Total other investments	594,793			—			380,475		—
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts (2)	(2,952		)	—			—		(2,952		)
Derivatives (3)	4,636			(45		)	4,681		—
Total other assets and (liabilities)	1,684			(45		)	4,681		(2,952		)
	$	9,403,149		$	3,556,972		$	5,634,811	$	(2,952	)


(1)	Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet.


(2)	Included in assumed and ceded (re)insurance contracts at December 31, 2017 was $2.5 million and $5.5 million of other assets and other liabilities, respectively.


(3)	See “Note 13. Derivative Instruments” for additional information related to the fair value by type of contract, of derivatives entered into by the Company.

Schedule of Quantitative Information Used as Level 3 Inputs




At June 30, 2018	Fair Value (Level 3)			Valuation Technique	Unobservable (U) and Observable (O) Inputs	Low		High		Weighted Average or Actual
Other assets and (liabilities)
Assumed and ceded (re)insurance contracts	$	935		Internal valuation model	Bond price (O)	$	101.38	$	110.93	$	106.64
					Liquidity discount (U)	n/a		n/a		1.3		%
Assumed and ceded (re)insurance contracts	(2,953		)	Internal valuation model	Net undiscounted cash flows (U)	n/a		n/a		$	4,815
					Expected loss ratio (U)	n/a		n/a		18.7		%
					Net acquisition expense ratio (O)	n/a		n/a		13.8		%
					Contract period (O)	2.0 years		4.7 years		4.1 years
					Discount rate (U)	n/a		n/a		2.7		%
Total other assets and (liabilities)	$	(2,018	)

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Level 3 Inputs




	Other assets and (liabilities)
Balance - January 1, 2018	$	(2,952	)
Total realized and unrealized gains
Included in other income (loss)	645
Purchases	289
Balance - June 30, 2018	$	(2,018	)




	Other assets and (liabilities)
Balance - January 1, 2017	$	(13,004	)
Total realized and unrealized gains
Included in other income (loss)	3,390
Purchases	112
Balance - June 30, 2017	$	(9,502	)

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Level 3 Inputs




	Other assets and (liabilities)
Balance - January 1, 2018	$	(2,952	)
Total realized and unrealized gains
Included in other income (loss)	645
Purchases	289
Balance - June 30, 2018	$	(2,018	)




	Other assets and (liabilities)
Balance - January 1, 2017	$	(13,004	)
Total realized and unrealized gains
Included in other income (loss)	3,390
Purchases	112
Balance - June 30, 2017	$	(9,502	)

Schedule of Balances Elected to Account for at Fair Value

Below is a summary of the balances the Company has elected to account for at fair value:




	June 30, 2018		December 31, 2017
Other investments	$	713,200	$	594,793
Other assets	$	2,488	$	2,542
Other liabilities	$	4,506	$	5,494

Schedule of Other Investments Measured Using Net Asset Valuations

The table below shows the Company’s portfolio of other investments measured using net asset valuations as a practical expedient:

At June 30, 2018

Fair Value

Unfunded
Commitments

Redemption Frequency

Redemption
Notice Period (Minimum Days)

Redemption
Notice Period (Maximum Days)

Private equity partnerships

186,200

421,299

See below

Senior secured bank loan funds

14,414

23,811

See below

Hedge funds

11,561

—

See below

Total other investments measured using net asset valuations

212,175

445,110

- Definition

Tabular disclosure of the application of the fair value option for measurement and reporting of eligible financial assets and liabilities (as defined), as well as certain other eligible items (as defined) included in the statement of financial position, whether such option is elected for a single eligible item or a group of similar eligible items and is in addition to other disclosures concerning fair value which the company may be required to provide. Such disclosure might be expected to include: (1) for items included in the statement of financial position: (a) for each line item in the statement of financial position that includes an item or items for which the fair value option has been elected, provide the aggregate carrying amount of ineligible items included in each line item in the balance sheet, if any; (b) the difference between the aggregate fair value and the aggregate unpaid principal balance (assuming contractual principal amounts and fair value option elected) of: (i) loans and long-term receivables (other than securities otherwise reported at fair value) and (ii) long-term debt instruments; (c) for loans held as assets for which the fair value option has been elected: (i) the aggregate fair value of loans that are 90 days or more past due, (ii) if the policy is to recognize interest income separately from other changes in fair value, the aggregate fair value of loans in nonaccrual status, and (iii) the difference between the aggregate fair value and the aggregate unpaid principal balance for loans that are 90 days or more past due, in nonaccrual status, or both; (2) for items included in the income statement: (a) the amounts of gains and losses from fair value changes included in earnings and in which line in the income statement those gains and losses are reported whether or not combined with gains and losses from items required to be accounted for at fair value; (b) for loans and other receivables held as assets, the estimated amount of gains or losses included in earnings attributable to changes in instrument-specific credit risk; (c) for liabilities with fair values that have been significantly affected during the reporting period by changes in the instrument-specific credit risk, the estimated amount of gains and losses from fair value changes included in earnings that are attributable to changes in the instrument-specific credit risk; and (3) certain other disclosures as required or determined to be provided.

+ References + Details

Reinsurance (Tables)

6 Months Ended

Jun. 30, 2018

Supplemental Schedule of Reinsurance Premiums for Insurance Companies [Abstract]

Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses Incurred

The following table sets forth the effect of reinsurance and retrocessional activity on premiums written and earned and on net claims and claim expenses incurred:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Premiums written
Direct	$	90,573		$	67,805		$	175,740		$	141,213
Assumed	886,770			759,610			1,961,255			1,608,292
Ceded	(372,834		)	(271,670		)	(869,442		)	(649,624		)
Net premiums written	$	604,509		$	555,745		$	1,267,553		$	1,099,881
Premiums earned
Direct	$	69,904		$	56,357		$	139,936		$	114,525
Assumed	601,735			520,347			1,207,218			1,019,346
Ceded	(242,254		)	(194,439		)	(477,487		)	(385,561		)
Net premiums earned	$	429,385		$	382,265		$	869,667		$	748,310
Claims and claim expenses
Gross claims and claim expenses incurred	$	76,945		$	189,903		$	302,687		$	441,707
Claims and claim expenses recovered	(16,778		)	(47,316		)	(70,817		)	(106,039		)
Net claims and claim expenses incurred	$	60,167		$	142,587		$	231,870		$	335,668

Reserve for Claims and Claim Expenses (Tables)

6 Months Ended

Jun. 30, 2018

Insurance Loss Reserves [Abstract]

Schedule of Liability for Unpaid Claims and Claim Expenses

The following table details the development of the Company’s liability for unpaid claims and claim expenses for its Casualty and Specialty segment:




Six months ended June 30,	2018			2017
	(Favorable) adverse development			(Favorable) adverse development
Actuarial methods	$	(9,001	)	$	(21,762	)
Ogden Rate change	—			33,481
Actuarial assumption changes	(7,786		)	(2,462		)
Total (favorable) adverse development of prior accident years net claims and claim expenses	$	(16,787	)	$	9,257

The following table summarizes the Company’s claims and claim expense reserves by segment, allocated between case reserves, additional case reserves and IBNR:




At June 30, 2018	Case Reserves		Additional Case Reserves		IBNR		Total
Property	$	631,642	$	766,450	$	568,642	$	1,966,734
Casualty and Specialty	750,149		105,066		1,871,468		2,726,683
Other	4,433		—		4,495		8,928
Total	$	1,386,224	$	871,516	$	2,444,605	$	4,702,345

At December 31, 2017
Property	$	696,285	$	896,522	$	893,583	$	2,486,390
Casualty and Specialty	689,962		124,923		1,760,607		2,575,492
Other	6,605		—		11,921		18,526
Total	$	1,392,852	$	1,021,445	$	2,666,111	$	5,080,408

Activity in the liability for unpaid claims and claim expenses is summarized as follows:




Six months ended June 30,	2018			2017
Net reserves as of January 1	$	3,493,778		$	2,568,730
Net incurred related to:
Current year	419,434			351,766
Prior years	(187,564		)	(16,098		)
Total net incurred	231,870			335,668
Net paid related to:
Current year	23,902			19,885
Prior years	445,790			285,046
Total net paid	469,692			304,931
Foreign exchange	(8,602		)	19,753
Net reserves as of June 30	3,247,354			2,619,220
Reinsurance recoverable as of June 30	1,454,991			370,586
Gross reserves as of June 30	$	4,702,345		$	2,989,806




Six months ended June 30,	2018
	(Favorable) adverse development
Catastrophe net claims and claim expenses
Large catastrophe events
2017 Catastrophe Events	$	(156,213	)
Total large catastrophe events	(156,213		)
Small catastrophe events
Other	23,453
Total small catastrophe events	23,453
Total catastrophe net claims and claim expenses	(132,760		)
Attritional net claims and claim expenses
Actuarial methods - actual reported claims less than expected claims	(32,265		)
Actuarial assumption changes	(5,682		)
Total attritional net claims and claim expenses	(37,947		)
Total net favorable development of prior accident years net claims and claim expenses	$	(170,707	)

The following table details the Company’s prior year development by segment of its liability for unpaid claims and claim expenses:




Six months ended June 30,	2018			2017
	(Favorable) adverse development			(Favorable) adverse development
Property	$	(170,707	)	$	(24,800	)
Casualty and Specialty	(16,787		)	9,257
Other	(70		)	(555		)
Total favorable development of prior accident years net claims and claim expenses	$	(187,564	)	$	(16,098	)




Six months ended June 30,	2017
	(Favorable) adverse development
Catastrophe net claims and claim expenses
Large catastrophe events
New Zealand Earthquake (2011)	$	5,807
New Zealand Earthquake (2010)	4,061
April and May U.S. Tornadoes (2011)	(4,153		)
Other	(3,864		)
Total large catastrophe events	1,851
Small catastrophe events
Fort McMurray Wildfire (2016)	(5,848		)
Tianjin Explosion (2015)	(4,896		)
U.S. PCS 13/14 Wind and Thunderstorm (2013)	(3,906		)
Other	(12,844		)
Total small catastrophe events	(27,494		)
Total catastrophe net claims and claim expenses	(25,643		)
Actuarial assumption changes	843
Total net favorable development of prior accident years net claims and claim expenses	$	(24,800	)

Debt and Credit Facilities (Tables)

6 Months Ended

Jun. 30, 2018

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, 2018				December 31, 2017
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	283,725	$	295,549	$	294,654	$	295,303
3.700% Senior Notes due 2025	294,573		297,501		302,781		297,318
5.750% Senior Notes due 2020	258,750		249,436		263,750		249,272
4.750% Senior Notes due 2025 (DaVinciRe) (1)	150,387		147,885		157,050		147,730
	$	987,435	$	990,371	$	1,018,235	$	989,623

(1)

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, 2018	Issued or Drawn
RenaissanceRe Revolving Credit Facility (1)	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	93,475
Bilateral Letter of Credit Facility with Citibank Europe	180,779
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	454,254

Specialty Risks FAL Facility (1)	£	—
Total credit facilities in pound sterling	£	—


(1)	At June 30, 2018, no amounts were issued or drawn under these facilities.

Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2018

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

The activity in redeemable noncontrolling interest – Medici is detailed in the table below:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Beginning balance	$	392,821		$	201,345		$	284,847		$	181,136
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(42,792		)	(15,285		)	(43,503		)	(25,910		)
Sale of shares to redeemable noncontrolling interests	56,743			34,925			156,482			63,341
Net income attributable to redeemable noncontrolling interest	4,231			1,180			13,177			3,598
Ending balance	$	411,003		$	222,165		$	411,003		$	222,165

The activity in redeemable noncontrolling interest – DaVinciRe is detailed in the table below:




	Three months ended						Six months ended
	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Beginning balance	$	1,032,543		$	986,646		$	1,011,659		$	994,458
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(370		)	(3,160		)	(439		)	(66,802		)
Sale of shares to redeemable noncontrolling interests	—			—			—			23,921
Net income attributable to redeemable noncontrolling interest	50,252			36,432			71,205			68,341
Ending balance	$	1,082,425		$	1,019,918		$	1,082,425		$	1,019,918

A summary of the Company’s redeemable noncontrolling interests on its consolidated balance sheets is set forth below:




	June 30, 2018		December 31, 2017
Redeemable noncontrolling interest - DaVinciRe	$	1,082,425	$	1,011,659
Redeemable noncontrolling interest - Medici	411,003		284,847
Redeemable noncontrolling interests	$	1,493,428	$	1,296,506

A summary of the Company’s redeemable noncontrolling interests on its consolidated statements of operations is set forth below:




	Three months ended				Six months ended
	June 30, 2018		June 30, 2017		June 30, 2018		June 30, 2017
Redeemable noncontrolling interest - DaVinciRe	$	50,252	$	36,432	$	71,205	$	68,341
Redeemable noncontrolling interest - Medici	4,231		1,180		13,177		3,598
Net income attributable to redeemable noncontrolling interests	$	54,483	$	37,612	$	84,382	$	71,939

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share:




	Three months ended						Six months ended
(common shares in thousands)	June 30, 2018			June 30, 2017			June 30, 2018			June 30, 2017
Numerator:
Net income available to RenaissanceRe common shareholders	$	191,788		$	171,142		$	248,501		$	263,494
Amount allocated to participating common shareholders (1)	(2,174		)	(1,585		)	(2,583		)	(2,526		)
Net income allocated to RenaissanceRe common shareholders	$	189,614		$	169,557		$	245,918		$	260,968
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares	39,641			39,937			39,597			40,172
Per common share equivalents of employee stock options and restricted shares	13			87			25			152
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions	39,654			40,024			39,622			40,324
Net income available to RenaissanceRe common shareholders per common share – basic	$	4.78		$	4.25		$	6.21		$	6.50
Net income available to RenaissanceRe common shareholders per common share – diluted	$	4.78		$	4.24		$	6.21		$	6.47


(1)	Represents earnings attributable to holders of unvested restricted shares issued pursuant to the Company’s 2001 Stock Incentive Plan, 2010 Performance-Based Equity Incentive Plan, 2016 Long-Term Incentive Plan and to the Company’s non-employee directors.

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting, Measurement Disclosures [Abstract]

Schedule of Significant Components of the Company's Revenues and Expenses by Segment

A summary of the significant components of the Company’s revenues and expenses by segment is as follows:




Three months ended June 30, 2018	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	552,627		$	424,716		$	—		$	977,343
Net premiums written	$	297,832		$	306,677		$	—		$	604,509
Net premiums earned	$	204,138		$	225,247		$	—		$	429,385
Net claims and claim expenses incurred	(74,269		)	134,524			(88		)	60,167
Acquisition expenses	40,850			64,201			1			105,052
Operational expenses	23,810			13,552			181			37,543
Underwriting income (loss)	$	213,747		$	12,970		$	(94	)	226,623
Net investment income							71,356			71,356
Net foreign exchange losses							(10,687		)	(10,687		)
Equity in earnings of other ventures							5,826			5,826
Other income							1,225			1,225
Net realized and unrealized losses on investments							(17,901		)	(17,901		)
Corporate expenses							(8,301		)	(8,301		)
Interest expense							(11,768		)	(11,768		)
Income before taxes										256,373
Income tax expense							(4,506		)	(4,506		)
Net income attributable to redeemable noncontrolling interests							(54,483		)	(54,483		)
Dividends on preference shares							(5,596		)	(5,596		)
Net income available to RenaissanceRe common shareholders										$	191,788

Net claims and claim expenses incurred – current accident year	$	68,876		$	147,520		$	—		$	216,396
Net claims and claim expenses incurred – prior accident years	(143,145		)	(12,996		)	(88		)	(156,229		)
Net claims and claim expenses incurred – total	$	(74,269	)	$	134,524		$	(88	)	$	60,167

Net claims and claim expense ratio – current accident year	33.7		%	65.5		%				50.4		%
Net claims and claim expense ratio – prior accident years	(70.1		)%	(5.8		)%				(36.4		)%
Net claims and claim expense ratio – calendar year	(36.4		)%	59.7		%				14.0		%
Underwriting expense ratio	31.7		%	34.5		%				33.2		%
Combined ratio	(4.7		)%	94.2		%				47.2		%



Six months ended June 30, 2018	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	1,259,595		$	877,400		$	—		$	2,136,995
Net premiums written	$	651,909		$	615,644		$	—		$	1,267,553
Net premiums earned	$	429,187		$	440,480		$	—		$	869,667
Net claims and claim expenses incurred	(43,662		)	275,602			(70		)	231,870
Acquisition expenses	81,571			121,191			1			202,763
Operational expenses	50,356			28,145			314			78,815
Underwriting income (loss)	$	340,922		$	15,542		$	(245	)	356,219
Net investment income							127,832			127,832
Net foreign exchange losses							(6,930		)	(6,930		)
Equity in earnings of other ventures							6,683			6,683
Other loss							(17		)	(17		)
Net realized and unrealized losses on investments							(100,045		)	(100,045		)
Corporate expenses							(15,034		)	(15,034		)
Interest expense							(23,535		)	(23,535		)
Income before taxes										345,173
Income tax expense							(1,099		)	(1,099		)
Net income attributable to redeemable noncontrolling interests							(84,382		)	(84,382		)
Dividends on preference shares							(11,191		)	(11,191		)
Net income available to RenaissanceRe common shareholders										$	248,501

Net claims and claim expenses incurred – current accident year	$	127,045		$	292,389		$	—		$	419,434
Net claims and claim expenses incurred – prior accident years	(170,707		)	(16,787		)	(70		)	(187,564		)
Net claims and claim expenses incurred – total	$	(43,662	)	$	275,602		$	(70	)	$	231,870

Net claims and claim expense ratio – current accident year	29.6		%	66.4		%				48.2		%
Net claims and claim expense ratio – prior accident years	(39.8		)%	(3.8		)%				(21.5		)%
Net claims and claim expense ratio – calendar year	(10.2		)%	62.6		%				26.7		%
Underwriting expense ratio	30.8		%	33.9		%				32.3		%
Combined ratio	20.6		%	96.5		%				59.0		%




Three months ended June 30, 2017	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	499,347		$	328,068		$	—		$	827,415
Net premiums written	$	336,464		$	219,281		$	—		$	555,745
Net premiums earned	$	192,198		$	190,065		$	2		$	382,265
Net claims and claim expenses incurred	33,017			109,797			(227		)	142,587
Acquisition expenses	28,500			59,752			(1		)	88,251
Operational expenses	24,053			17,712			1			41,766
Underwriting income	$	106,628		$	2,804		$	229		109,661
Net investment income							54,163			54,163
Net foreign exchange gains							3,109			3,109
Equity in earnings of other ventures							5,543			5,543
Other income							2,392			2,392
Net realized and unrealized gains on investments							58,113			58,113
Corporate expenses							(4,636		)	(4,636		)
Interest expense							(10,091		)	(10,091		)
Income before taxes and noncontrolling interests										218,254
Income tax expense							(3,904		)	(3,904		)
Net income attributable to noncontrolling interests							(37,612		)	(37,612		)
Dividends on preference shares							(5,596		)	(5,596		)
Net income available to RenaissanceRe common shareholders										$	171,142

Net claims and claim expenses incurred – current accident year	$	56,889		$	130,802		$	—		$	187,691
Net claims and claim expenses incurred – prior accident years	(23,872		)	(21,005		)	(227		)	(45,104		)
Net claims and claim expenses incurred – total	$	33,017		$	109,797		$	(227	)	$	142,587

Net claims and claim expense ratio – current accident year	29.6		%	68.8		%				49.1		%
Net claims and claim expense ratio – prior accident years	(12.4		)%	(11.0		)%				(11.8		)%
Net claims and claim expense ratio – calendar year	17.2		%	57.8		%				37.3		%
Underwriting expense ratio	27.3		%	40.7		%				34.0		%
Combined ratio	44.5		%	98.5		%				71.3		%




Six months ended June 30, 2017	Property			Casualty and Specialty			Other			Total
Gross premiums written	$	1,019,876		$	729,629		$	—		$	1,749,505
Net premiums written	$	626,335		$	473,546		$	—		$	1,099,881
Net premiums earned	$	379,186		$	369,124		$	—		$	748,310
Net claims and claim expenses incurred	71,855			264,368			(555		)	335,668
Acquisition expenses	57,603			113,931			(1		)	171,533
Operational expenses	51,718			37,319			12			89,049
Underwriting income (loss)	$	198,010		$	(46,494	)	$	544		152,060
Net investment income							108,488			108,488
Net foreign exchange gains							11,274			11,274
Equity in losses of other ventures							4,036			4,036
Other income							4,057			4,057
Net realized and unrealized gains on investments							101,486			101,486
Corporate expenses							(9,922		)	(9,922		)
Interest expense							(20,617		)	(20,617		)
Income before taxes and noncontrolling interests										350,862
Income tax expense							(4,238		)	(4,238		)
Net income attributable to noncontrolling interests							(71,939		)	(71,939		)
Dividends on preference shares							(11,191		)	(11,191		)
Net income available to RenaissanceRe common shareholders										$	263,494

Net claims and claim expenses incurred – current accident year	$	96,655		$	255,111		$	—		$	351,766
Net claims and claim expenses incurred – prior accident years	(24,800		)	9,257			(555		)	(16,098		)
Net claims and claim expenses incurred – total	$	71,855		$	264,368		$	(555	)	$	335,668

Net claims and claim expense ratio – current accident year	25.5		%	69.1		%				47.0		%
Net claims and claim expense ratio – prior accident years	(6.6		)%	2.5		%				(2.1		)%
Net claims and claim expense ratio – calendar year	18.9		%	71.6		%				44.9		%
Underwriting expense ratio	28.9		%	41.0		%				34.8		%
Combined ratio	47.8		%	112.6		%				79.7		%

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Derivative Instruments [Abstract]

Schedule of Location on Consolidated Balance Sheets and Fair Value of Principal Derivative Instruments




	Derivative Assets
At June 30, 2018	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Balance Sheet Location	Collateral		Net Amount
Interest rate futures	$	81	81		$	—	Other assets	$	—	$	—
Interest rate swaps	573		—		573		Other assets	—		573
Foreign currency forward contracts (1)	6,687		—		6,687		Other assets	—		6,687
Foreign currency forward contracts (2)	1,759		5		1,754		Other assets	—		1,754
Credit default swaps	462		—		462		Other assets	—		462
Total	$	9,562	$	86	$	9,476		$	—	$	9,476

	Derivative Liabilities
At June 30, 2018	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Balance Sheet Location	Collateral Pledged		Net Amount
Interest rate futures	$	176	81		$	95	Other liabilities	$	95	$	—
Foreign currency forward contracts (1)	13,100		2,146		10,954		Other liabilities	—		10,954
Foreign currency forward contracts (2)	593		5		588		Other liabilities	—		588
Total	$	13,869	$	2,232	$	11,637		$	95	$	11,542


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.




	Derivative Assets
At December 31, 2017	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets Presented in the Balance Sheet		Balance Sheet Location	Collateral		Net Amount
Interest rate futures	$	684	524		$	160	Other assets	$	—	$	160
Interest rate swaps	424		—		424		Other assets	—		424
Foreign currency forward contracts (1)	3,865		358		3,507		Other assets	—		3,507
Foreign currency forward contracts (2)	39		11		28		Other assets	—		28
Credit default swaps	1,518		—		1,518		Other assets	—		1,518
Total	$	6,530	$	893	$	5,637		$	—	$	5,637

	Derivative Liabilities
At December 31, 2017	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Liabilities Presented in the Balance Sheet		Balance Sheet Location	Collateral Pledged		Net Amount
Interest rate futures	$	729	524		$	205	Other liabilities	$	205	$	—
Foreign currency forward contracts (1)	670		—		670		Other liabilities	—		670
Foreign currency forward contracts (2)	115		11		104		Other liabilities	—		104
Credit default swaps	22		—		22		Other liabilities	22		—
Total	$	1,536	$	535	$	1,001		$	227	$	774


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.

Schedule of Gain (Loss) Recognized in Consolidated Statements of Operations Related to Principal Derivative Instruments

The location and amount of the gain (loss) recognized in the Company’s consolidated statements of operations related to its principal derivative instruments are shown in the following table:




	Location of gain (loss) recognized on derivatives	Amount of gain (loss) recognized on derivatives
Three months ended June 30,		2018			2017
Interest rate futures	Net realized and unrealized (losses) gains on investments	$	(87	)	$	(890	)
Interest rate swaps	Net realized and unrealized (losses) gains on investments	241			—
Foreign currency forward contracts (1)	Net foreign exchange (losses) gains	(6,374		)	5,223
Foreign currency forward contracts (2)	Net foreign exchange (losses) gains	1,343			(267		)
Credit default swaps	Net realized and unrealized (losses) gains on investments	884			622
Total		$	(3,993	)	$	4,688



	Location of gain (loss) recognized on derivatives	Amount of gain (loss) recognized on derivatives
Six months ended June 30,		2018			2017
Interest rate futures	Net realized and unrealized (losses) gains on investments	$	(2,424	)	$	(1,048	)
Interest rate swaps	Net realized and unrealized (losses) gains on investments	135			—
Foreign currency forward contracts (1)	Net foreign exchange (losses) gains	369			6,283
Foreign currency forward contracts (2)	Net foreign exchange (losses) gains	652			(900		)
Credit default swaps	Net realized and unrealized (losses) gains on investments	(1,037		)	724
Total		$	(2,305	)	$	5,059


(1)	Contracts used to manage foreign currency risks in underwriting and non-investment operations.


(2)	Contracts used to manage foreign currency risks in investment operations.

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2018

Condensed Consolidating Financial Information Provided In Connection With Outstanding Debt Of Subsidiaries [Abstract]

Condensed Consolidating Balance Sheets


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Balance Sheet at December 31, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)		Consolidating Adjustments (2)			RenaissanceRe Consolidated
Assets
Total investments	$	225,266	$	129,732	$	31,255	$	9,117,186	$	—		$	9,503,439
Cash and cash equivalents	14,656		139		1,469		1,345,328		—			1,361,592
Investments in subsidiaries	4,105,760		36,140		1,141,733		—		(5,283,633		)	—
Due from subsidiaries and affiliates	4,602		91,891		—		—		(96,493		)	—
Premiums receivable	—		—		—		1,304,622		—			1,304,622
Prepaid reinsurance premiums	—		—		—		533,546		—			533,546
Reinsurance recoverable	—		—		—		1,586,630		—			1,586,630
Accrued investment income	405		428		82		41,320		—			42,235
Deferred acquisition costs	—		—		—		426,551		—			426,551
Receivable for investments sold	135		51		8		102,951		—			103,145
Other assets	433,468		21,342		430,481		76,703		(840,768		)	121,226
Goodwill and other intangible assets	124,960		—		—		118,185		—			243,145
Total assets	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131
Liabilities, Redeemable Noncontrolling Interest and Shareholders’ Equity
Liabilities
Reserve for claims and claim expenses	$	—	$	—	$	—	$	5,080,408	$	—		$	5,080,408
Unearned premiums	—		—		—		1,477,609		—			1,477,609
Debt	417,000		—		841,892		147,731		(417,000		)	989,623
Amounts due to subsidiaries and affiliates	82,579		54		92,794		—		(175,427		)	—
Reinsurance balances payable	—		—		—		989,090		—			989,090
Payable for investments purchased	—		—		—		208,749		—			208,749
Other liabilities	18,298		1,053		14,117		764,432		(5,129		)	792,771
Total liabilities	517,877		1,107		948,803		8,668,019		(597,556		)	9,538,250
Redeemable noncontrolling interests	—		—		—		1,296,506		—			1,296,506
Shareholders’ Equity
Total shareholders’ equity	4,391,375		278,616		656,225		4,688,497		(5,623,338		)	4,391,375
Total liabilities, redeemable noncontrolling interest and shareholders’ equity	$	4,909,252	$	279,723	$	1,605,028	$	14,653,022	$	(6,220,894	)	$	15,226,131


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statements of Operations



Condensed Consolidating Statement of Operations for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	—		$	748,310		$	—		$	748,310
Net investment income	10,741			892			1,376			508			107,474			(12,503		)	108,488
Net foreign exchange (losses) gains	(1		)	—			—			—			11,275			—			11,274
Equity in earnings of other ventures	—			—			—			(450		)	4,486			—			4,036
Other (loss) income	(1		)	—			—			—			4,058			—			4,057
Net realized and unrealized gains (losses) on investments	45			4,342			4,916			(268		)	92,451			—			101,486
Total revenues	10,784			5,234			6,292			(210		)	968,054			(12,503		)	977,651
Expenses
Net claims and claim expenses incurred	—			—			—			—			335,668			—			335,668
Acquisition expenses	—			—			—			—			171,533			—			171,533
Operational expenses	6,488			40			85			14,626			78,460			(10,650		)	89,049
Corporate expenses	10,006			—			—			—			(84		)	—			9,922
Interest expense	281			—			2,461			13,143			5,013			(281		)	20,617
Total expenses	16,775			40			2,546			27,769			590,590			(10,931		)	626,789
(Loss) income before equity in net income of subsidiaries and taxes	(5,991		)	5,194			3,746			(27,979		)	377,464			(1,572		)	350,862
Equity in net income of subsidiaries	280,099			2,306			28,028			36,936			—			(347,369		)	—
Income before taxes	274,108			7,500			31,774			8,957			377,464			(348,941		)	350,862
Income tax benefit (expense)	577			(1,682		)	(1,204		)	5,974			(7,903		)	—			(4,238		)
Net income	274,685			5,818			30,570			14,931			369,561			(348,941		)	346,624
Net income attributable to redeemable noncontrolling interests	—			—			—			—			(71,939		)	—			(71,939		)
Net income attributable to RenaissanceRe	274,685			5,818			30,570			14,931			297,622			(348,941		)	274,685
Dividends on preference shares	(11,191		)	—			—			—			—			—			(11,191		)
Net income available to RenaissanceRe common shareholders	$	263,494		$	5,818		$	30,570		$	14,931		$	297,622		$	(348,941	)	$	263,494


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Operations for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Revenues
Net premiums earned	$	—		$	—		$	—		$	869,667		$	—		$	869,667
Net investment income	11,962			1,090			2,440			127,562			(15,222		)	127,832
Net foreign exchange losses	(4		)	—			—			(6,942		)	—			(6,930		)
Equity in earnings of other ventures	—			—			1,755			4,928			—			6,683
Other loss	—			—			—			(17		)	—			(17		)
Net realized and unrealized (losses) gains on investments	(645		)	427			(326		)	(99,501		)	—			(100,045		)
Total revenues	11,313			1,517			3,869			895,697			(15,222		)	897,190
Expenses
Net claims and claim expenses incurred	—			—			—			231,870			—			231,870
Acquisition expenses	—			—			—			202,763			—			202,763
Operational expenses	3,981			31			19,244			71,039			(15,480		)	78,815
Corporate expenses	8,720			—			7			6,307			—			15,034
Interest expense	2,216			—			18,506			5,029			(2,216		)	23,535
Total expenses	14,917			31			37,757			517,008			(17,696		)	552,017
(Loss) income before equity in net income of subsidiaries and taxes	(3,604		)	1,486			(33,888		)	378,689			2,474			345,173
Equity in net income of subsidiaries	264,951			1,550			17,339			—			(283,840		)	—
Income (loss) before taxes	261,347			3,036			(16,549		)	378,689			(281,366		)	345,173
Income tax (expense) benefit	(1,655		)	(247		)	3,837			(3,034		)	—			(1,099		)
Net income (loss)	259,692			2,789			(12,712		)	375,655			(281,366		)	344,074
Net income attributable to redeemable noncontrolling interests	—			—			—			(84,382		)	—			(84,382		)
Net income (loss) attributable to RenaissanceRe	259,692			2,789			(12,712		)	291,273			(281,366		)	259,692
Dividends on preference shares	(11,191		)	—			—			—			—			(11,191		)
Net income (loss) available (attributable) to RenaissanceRe common shareholders	$	248,501		$	2,789		$	(12,712	)	$	291,273		$	(281,366	)	$	248,501


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statement of Comprehensive Income (Loss)



Condensed Consolidating Statement of Comprehensive Income for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		Platinum Underwriters Finance, Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)		Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income
Net income	$	274,685	$	5,818	$	30,570	$	14,931	$	369,561		$	(348,941	)	$	346,624
Change in net unrealized gains on investments	—		—		—		—		(1,272		)	—			(1,272		)
Comprehensive income	274,685		5,818		30,570		14,931		368,289			(348,941		)	345,352
Net income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income attributable to redeemable noncontrolling interests	—		—		—		—		(71,939		)	—			(71,939		)
Comprehensive income available to RenaissanceRe	$	274,685	$	5,818	$	30,570	$	14,931	$	296,350		$	(348,941	)	$	273,413


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor and Subsidiary Issuer consolidating adjustments.



Condensed Consolidating Statement of Comprehensive Income (Loss) for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)		RenRe North America Holdings Inc. (Subsidiary Issuer)		RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			Consolidating Adjustments (2)			RenaissanceRe Consolidated
Comprehensive income (loss)
Net income (loss)	$	259,692	$	2,789	$	(12,712	)	$	375,655		$	(281,366	)	$	344,074
Change in net unrealized gains on investments	—		—		—			(1,325		)	—			(1,325		)
Comprehensive income (loss)	259,692		2,789		(12,712		)	374,330			(281,366		)	342,749
Net income attributable to redeemable noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income attributable to noncontrolling interests	—		—		—			(84,382		)	—			(84,382		)
Comprehensive income (loss) attributable to RenaissanceRe	$	259,692	$	2,789	$	(12,712	)	$	289,948		$	(281,366	)	$	258,367


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.


(2)	Includes Parent Guarantor, Subsidiary Guarantor and Subsidiary Issuer consolidating adjustments.

Condensed Consolidating Statements of Cash Flows



Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2018	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$	(7,183	)	$	1,213		$	(32,605	)	$	387,686		$	349,111
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	120,555			62,334			35,946			4,594,373			4,813,208
Purchases of fixed maturity investments trading	(246,764		)	(46,047		)	(16,397		)	(4,704,803		)	(5,014,011		)
Net purchases of equity investments trading	—			(675		)	—			(33,623		)	(34,298		)
Net sales (purchases) of short term investments	56,048			(154		)	(5,001		)	(1,113,315		)	(1,062,422		)
Net purchases of other investments	—			—			—			(111,921		)	(111,921		)
Net purchases of investments in other ventures	—			—			—			(20,952		)	(20,952		)
Return of investment from investments in other ventures	—			—			—			8,464			8,464
Dividends and return of capital from subsidiaries	278,864			—			—			(278,864		)	—
Contributions to subsidiaries	(250,238		)	(16,848		)	—			267,086			—
Due (from) to subsidiary	(161,104		)	50			21,333			139,721			—
Net cash (used in) provided by investing activities	(202,639		)	(1,340		)	35,881			(1,253,834		)	(1,421,932		)
Cash flows provided by financing activities
Dividends paid – RenaissanceRe common shares	(26,468		)	—			—			—			(26,468		)
Dividends paid – preference shares	(11,191		)	—			—			—			(11,191		)
Issuance of preference shares, net of expenses	242,371			—			—			—			242,371
Net third party redeemable noncontrolling interest share transactions	—			—			—			64,534			64,534
Taxes paid on withholding shares	(7,044		)	—			—			—			(7,044		)
Net cash provided by financing activities	197,668			—			—			64,534			262,202
Effect of exchange rate changes on foreign currency cash	—			—			—			(2,501		)	(2,501		)
Net (decrease) increase in cash and cash equivalents	(12,154		)	(127		)	3,276			(804,115		)	(813,120		)
Cash and cash equivalents, beginning of period	14,656			139			1,469			1,345,328			1,361,592
Cash and cash equivalents, end of period	$	2,502		$	12		$	4,745		$	541,213		$	548,472


(1)	Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.



Condensed Consolidating Statement of Cash Flows for the six months ended June 30, 2017	RenaissanceRe Holdings Ltd. (Parent Guarantor)			RenRe North America Holdings Inc. (Subsidiary Issuer)			Platinum Underwriters Finance, Inc. (Subsidiary Issuer)			RenaissanceRe Finance, Inc. (Subsidiary Issuer)			Other RenaissanceRe Holdings Ltd. Subsidiaries and Eliminations (Non-guarantor Subsidiaries) (1)			RenaissanceRe Consolidated
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$	(11,924	)	$	(8,931	)	$	(5,017	)	$	(27,713	)	$	374,608		$	321,023
Cash flows provided by (used in) investing activities
Proceeds from sales and maturities of fixed maturity investments trading	53,654			46,475			289,741			15,449			4,758,653			5,163,972
Purchases of fixed maturity investments trading	(105,523		)	(45,174		)	(143,991		)	(265,787		)	(4,890,887		)	(5,451,362		)
Net (purchases) sales of equity investments trading	—			(89		)	85,324			—			(38,930		)	46,305
Net sales (purchases) of short term investments	298,768			(1,351		)	41,299			(28,934		)	(33,707		)	276,075
Net sales of other investments	—			—			—			—			2,551			2,551
Return of investment from investment in other ventures	—			—			—			—			20,000			20,000
Dividends and return of capital from subsidiaries	167,111			9,175			—			17,975			(194,261		)	—
Contributions to subsidiaries	(200,000		)	—			—			(9,175		)	209,175			—
Due (from) to subsidiaries	(12,477		)	9			(41		)	1,278			11,231			—
Net cash provided by (used in) investing activities	201,533			9,045			272,332			(269,194		)	(156,175		)	57,541
Cash flows used in financing activities
Dividends paid – RenaissanceRe common shares	(25,877		)	—			—			—			—			(25,877		)
Dividends paid – preference shares	(11,191		)	—			—			—			—			(11,191		)
RenaissanceRe common share repurchases	(145,940		)	—			—			—			—			(145,940		)
Net repayment of debt	—			—			(250,000		)	—			—			(250,000		)
Net issuance of debt	—			—			—			295,866			—			295,866
Net third party redeemable noncontrolling interest share transactions	—			—			—			—			(33,655		)	(33,655		)
Taxes paid on withholding shares	(11,251		)	—			—			—			—			(11,251		)
Net cash used in financing activities	(194,259		)	—			(250,000		)	295,866			(33,655		)	(182,048		)
Effect of exchange rate changes on foreign currency cash	—			—			—			—			5,477			5,477
Net (decrease) increase in cash and cash equivalents	(4,650		)	114			17,315			(1,041		)	190,255			201,993
Cash and cash equivalents, beginning of period	7,067			162			6,671			9,397			397,860			421,157
Cash and cash equivalents, end of period	$	2,417		$	276		$	23,986		$	8,356		$	588,115		$	623,150

(1) Includes all other subsidiaries of RenaissanceRe Holdings Ltd. and eliminations.

Organization (Details)	Nov. 13, 2014
RenaissanceRe Upsilon Fund Ltd. \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Percent of segregated funds owned by third party investors	100.00%

Significant Accounting Policies Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in cash inflows from cash flows provided by operating activities		$ (349,111)	$ (321,023)
Increase in cash flows used in investing activities		$ 1,421,932	$ (57,541)
Accounting Standards Update 2016-15
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in cash inflows from cash flows provided by operating activities	$ 20,000
Increase in cash flows used in investing activities	$ 20,000
Cumulative effect of adoption of ASU 2016-09 \| Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of new accounting principle in period of adoption				$ 2,200

Investments (Schedule of Fair Value of Fixed Maturity Investments Trading) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Investment [Line Items]
Total fixed maturity investments trading	$ 7,420,778	$ 7,426,555
U.S. treasuries
Investment [Line Items]
Total fixed maturity investments trading	2,968,855	3,168,763
Agencies
Investment [Line Items]
Total fixed maturity investments trading	55,199	47,646
Municipal
Investment [Line Items]
Total fixed maturity investments trading	6,164	509,802
Non-U.S. government (Sovereign debt)
Investment [Line Items]
Total fixed maturity investments trading	298,811	287,660
Non-U.S. government-backed corporate
Investment [Line Items]
Total fixed maturity investments trading	185,640	163,651
Corporate
Investment [Line Items]
Total fixed maturity investments trading	2,280,080	2,063,459
Agency mortgage-backed
Investment [Line Items]
Total fixed maturity investments trading	762,077	500,456
Non-agency mortgage-backed
Investment [Line Items]
Total fixed maturity investments trading	300,311	300,331
Commercial mortgage-backed
Investment [Line Items]
Total fixed maturity investments trading	248,590	202,062
Asset-backed
Investment [Line Items]
Total fixed maturity investments trading	$ 315,051	$ 182,725

Investments (Schedule of Contractual Maturities of Fixed Maturity Investments) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Trading Securities [Abstract]
Amortized Cost, Due in less than one year	$ 385,371
Amortized Cost, Due after one through five years	4,482,713
Amortized Cost, Due after five through ten years	917,280
Amortized Cost, Due after ten years	88,229
Amortized Cost	7,499,997	$ 7,434,870
Fair Value, Due in less than one year	383,353
Fair Value, Due after one through five years	4,421,536
Fair Value, Due after five through ten years	904,070
Fair Value, Due after ten years	85,790
Fair Value	7,420,778	$ 7,426,555
Mortgage-backed
Trading Securities [Abstract]
Amortized Cost	1,310,933
Fair Value	1,310,978
Asset-backed
Trading Securities [Abstract]
Amortized Cost	315,471
Fair Value	$ 315,051

Investments (Schedule of Fair Value of Equity Investments Trading) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	$ 432,804	$ 388,254
Financials
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	293,779	253,543
Communications and technology
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	55,100	49,526
Industrial, utilities and energy
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	33,097	34,325
Consumer
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	24,678	24,779
Healthcare
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	21,960	21,364
Basic materials
Schedule of Trading Securities and Other Trading Assets [Line Items]
Equity investments trading	$ 4,190	$ 4,717

Investments (Pledged Investments) (Details) - USD ($) $ in Billions	Jun. 30, 2018	Dec. 31, 2017
Investments [Abstract]
Cash and investments at fair value on deposit with, or in trust accounts for the benefit of various counterparties	$ 4.9	$ 4.4
Cash and investments at fair value on deposit with, or in trust accounts for the benefit of U.S. state regulatory authorities	$ 1.7	$ 1.7

Investments (Reverse Purchase Agreements) (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Value of reverse repurchase agreements	$ 91.8	$ 30.0
Minimum required collateral for reverse repurchase agreements, expressed as a percentage of loan principal	102.00%

Investments (Schedule of Net Investment Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	$ 75,096	$ 58,031	$ 134,895	$ 116,048
Investment expenses	(3,740)	(3,868)	(7,063)	(7,560)
Net investment income	71,356	54,163	127,832	108,488
Fixed maturity investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	50,416	44,356	96,059	87,775
Short term investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	7,633	2,981	12,937	4,705
Equity investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	1,490	889	2,188	1,700
Private equity investments
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	3,860	6,611	3,426	14,413
Other
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	10,658	2,899	18,681	6,971
Cash and cash equivalents
Schedule of Investment Income, Reported Amounts, by Category [Line Items]
Investment income before investment expenses	$ 1,039	$ 295	$ 1,604	$ 484

Investments (Schedule of Net Realized and Unrealized (Losses) Gains on Investments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Gain (Loss) on Investments [Line Items]
Net realized and unrealized (losses) gains on investments	$ (17,901)	$ 58,113	$ (100,045)	$ 101,486
Fixed maturity investments
Gain (Loss) on Investments [Line Items]
Gross realized gains	5,133	15,249	9,716	26,710
Gross realized losses	(26,519)	(7,243)	(52,372)	(23,776)
Net realized (losses) gains on fixed maturity investments	(21,386)	8,006	(42,656)	2,934
Net unrealized (losses) gains on fixed maturity investments trading	(9,420)	18,760	(64,792)	43,395
Derivatives
Gain (Loss) on Investments [Line Items]
Net realized and unrealized gains (losses) on investments-related derivatives	1,038	(268)	(3,326)	(324)
Equity investments
Gain (Loss) on Investments [Line Items]
Net unrealized gains (losses) on investments trading	11,519	16,469	10,147	19,420
Net realized (losses) gains on fixed maturity investments	348	15,146	582	36,061
Net realized and unrealized gains on equity investments trading	$ 11,867	$ 31,615	$ 10,729	$ 55,481

Fair Value Measurements (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	$ 990,371,000		$ 990,371,000		$ 989,623,000
Long-term debt, fair value	987,400,000		987,400,000		1,000,000,000
Net unrealized (losses) gains recognized in earnings			8,714,000	$ 12,491,000
Investment balance	212,175,000		212,175,000
Net investment income \| Other Investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net unrealized (losses) gains recognized in earnings	7,200,000	$ 5,600,000	8,700,000	12,500,000
Other income (loss) \| Other assets and (liabilities)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net unrealized (losses) gains recognized in earnings	0	$ 0	0	$ 0
Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt	990,371,000		990,371,000		989,623,000
Long-term debt, fair value	987,435,000		987,435,000		$ 1,018,235,000
Significant Unobservable Inputs (Level 3) \| Internal valuation model \| Assumed reinsurance contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets, fair value	935,000		935,000
Significant Unobservable Inputs (Level 3) \| Internal valuation model \| Assumed and ceded (re)insurance contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liabilities, fair value	$ 2,953,000		$ 2,953,000
U.S. treasuries
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	2.60%		2.60%		1.90%
Agencies
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	2.70%		2.70%		2.10%
Municipal
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.80%		3.80%		2.20%
Non-U.S. government (Sovereign debt)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	2.60%		2.60%		2.00%
Non-U.S. government-backed corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.00%		3.00%		2.30%
Corporate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	4.30%		4.30%		3.80%
Agency mortgage-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.40%		3.40%		3.00%
Weighted average life			7 years 8 months 12 days		6 years 4 months 24 days
Non-agency prime residential mortgage-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	4.10%		4.10%		3.70%
Weighted average life			5 years 4 months 24 days		5 years 1 month 6 days
Alt-A non-agency mortgage-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.80%		3.80%		3.70%
Weighted average life			6 years 2 months 12 days		6 years 2 months 12 days
Commercial mortgage-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.50%		3.50%		2.90%
Weighted average life			4 years 6 months		4 years 6 months
Asset-backed
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	3.60%		3.60%		2.80%
Weighted average life			3 years 1 month 6 days		3 years
Short term investments
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Weighted average effective yield	1.60%		1.60%		1.40%
Private equity partnerships
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment balance	$ 186,200,000		$ 186,200,000
Private equity partnerships \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liquidation period for fund assets			7 years
Private equity partnerships \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liquidation period for fund assets			10 years
Senior secured bank loan funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment in closed end fund	14,400,000		$ 14,400,000
Investment balance	14,414,000		$ 14,414,000
Senior secured bank loan funds \| Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liquidation period for fund assets			4 years
Senior secured bank loan funds \| Maximum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Liquidation period for fund assets			5 years
Hedge funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment balance	11,561,000		$ 11,561,000
Hedge funds redeemable at option of shareholder
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment balance	$ 11,200,000		$ 11,200,000

Fair Value Measurements (Quantitative Information Used as Level 3 Inputs) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Total other assets and (liabilities)	$ 2,488	$ 2,542
Internal valuation model \| Fair Value (Level 3)
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Total other assets and (liabilities)	2,018
Assumed and ceded (re)insurance contracts, group one \| Internal valuation model \| Fair Value (Level 3)
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Other assets	$ 935
Assumed and ceded (re)insurance contracts, group one \| Internal valuation model \| Fair Value (Level 3) \| Low
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Bond price (in dollars per share)	$ 101.38
Assumed and ceded (re)insurance contracts, group one \| Internal valuation model \| Fair Value (Level 3) \| High
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Bond price (in dollars per share)	110.93
Assumed and ceded (re)insurance contracts, group one \| Internal valuation model \| Fair Value (Level 3) \| Weighted Average or Actual
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Bond price (in dollars per share)	$ 106.64
Liquidity discount	1.30%
Assumed and ceded (re)insurance contracts, group two \| Internal valuation model \| Fair Value (Level 3)
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Other (liabilities)	$ (2,953)
Assumed and ceded (re)insurance contracts, group two \| Internal valuation model \| Fair Value (Level 3) \| Low
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Contract period	2 years
Assumed and ceded (re)insurance contracts, group two \| Internal valuation model \| Fair Value (Level 3) \| High
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Contract period	4 years 8 months 12 days
Assumed and ceded (re)insurance contracts, group two \| Internal valuation model \| Fair Value (Level 3) \| Weighted Average or Actual
Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]
Net undiscounted cash flows	$ 4,815
Expected loss ratio	18.70%
Net acquisition expense ratio	13.80%
Contract period	4 years 1 month 6 days
Discount rate	2.70%

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Level 3 Inputs) (Details) - Other assets and (liabilities) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of the period	$ (2,952)	$ (13,004)
Total realized and unrealized gains
Purchases	289	112
Balance at end of the period	(2,018)	(9,502)
Other income (loss)
Total realized and unrealized gains
Included in other income (loss)	$ 645	$ 3,390

Fair Value Measurements (Summary of the Balances Company Has Elected to Account For at Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Other investments	$ 713,200	$ 594,793
Other assets	2,488	2,542
Other liabilities	$ 4,506	$ 5,494

Fair Value Measurements (Company's Portfolio of Other Investments Measured Using Net Asset Valuations) (Details) $ in Thousands	Jun. 30, 2018 USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	$ 212,175
Unfunded Commitments	445,110
Private equity partnerships
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	186,200
Unfunded Commitments	421,299
Senior secured bank loan funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	14,414
Unfunded Commitments	23,811
Hedge funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value	11,561
Unfunded Commitments	$ 0

Reinsurance (Effect of Reinsurance and Retrocessional Activity on Premiums Written and Earned and on Net Claims and Claim Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Premiums written
Direct	$ 90,573	$ 67,805	$ 175,740	$ 141,213
Assumed	886,770	759,610	1,961,255	1,608,292
Ceded	(372,834)	(271,670)	(869,442)	(649,624)
Net premiums written	604,509	555,745	1,267,553	1,099,881
Premiums earned
Direct	69,904	56,357	139,936	114,525
Assumed	601,735	520,347	1,207,218	1,019,346
Ceded	(242,254)	(194,439)	(477,487)	(385,561)
Net premiums earned	429,385	382,265	869,667	748,310
Claims and claim expenses
Gross claims and claim expenses incurred	76,945	189,903	302,687	441,707
Claims and claim expenses recovered	(16,778)	(47,316)	(70,817)	(106,039)
Net claims and claim expenses incurred	$ 60,167	$ 142,587	$ 231,870	$ 335,668

Reserve for Claims and Claim Expenses (Claims and Claim Expense Reserves by Segment) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Liability for Claims and Claims Adjustment Expense [Line Items]
Case Reserves	$ 1,386,224	$ 1,392,852
Additional Case Reserves	871,516	1,021,445
IBNR	2,444,605	2,666,111
Net reserve for claims and claim expenses	4,702,345	5,080,408	$ 2,989,806
Other
Liability for Claims and Claims Adjustment Expense [Line Items]
Case Reserves	4,433	6,605
Additional Case Reserves	0	0
IBNR	4,495	11,921
Net reserve for claims and claim expenses	8,928	18,526
Property
Liability for Claims and Claims Adjustment Expense [Line Items]
Case Reserves	631,642	696,285
Additional Case Reserves	766,450	896,522
IBNR	568,642	893,583
Net reserve for claims and claim expenses	1,966,734	2,486,390
Casualty and Specialty
Liability for Claims and Claims Adjustment Expense [Line Items]
Case Reserves	750,149	689,962
Additional Case Reserves	105,066	124,923
IBNR	1,871,468	1,760,607
Net reserve for claims and claim expenses	$ 2,726,683	$ 2,575,492

Reinsurance (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
Reinsurance (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Ceded Credit Risk [Line Items]
Reinsurance recoverable	$ 1,454,991	$ 370,586	$ 1,586,630
Allowance for reinsurance recoverable
Ceded Credit Risk [Line Items]
Valuation allowances and reserves balance	$ 7,800		$ 7,000
Customer Concentration Risk, Customer One \| Reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	10.00%	10.40%
Customer Concentration Risk, Customer One \| Allowance for reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	16.00%	11.10%
Customer Concentration Risk, Customer Two \| Reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	9.40%	7.50%
Customer Concentration Risk, Customer Two \| Allowance for reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	15.60%	9.20%
Customer Concentration Risk, Customer Three \| Reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	7.40%	7.30%
Customer Concentration Risk, Customer Three \| Allowance for reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	14.40%	8.40%
Ceded Credit Risk, Secured \| Reinsurer Concentration Risk \| Reinsurance recoverable
Ceded Credit Risk [Line Items]
Concentration risk, percentage	48.20%	54.50%
Ceded Credit Risk, Unsecured \| Reinsurer Concentration Risk \| Reinsurance recoverable \| Standard & Poor's, A- Rating
Ceded Credit Risk [Line Items]
Concentration risk, percentage	50.60%	44.50%
Ceded Credit Risk, Unsecured \| Reinsurer Concentration Risk \| Reinsurance recoverable \| Standard & Poor's, BBB Rating
Ceded Credit Risk [Line Items]
Concentration risk, percentage	1.20%	1.00%

Reserve for Claims and Claim Expenses (Schedule of Liability for Unpaid Claims and Claims Adjustment Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Net reserves as of January 1			$ 3,493,778	$ 2,568,730
Net incurred related to:
Current year	$ 216,396	$ 187,691	419,434	351,766
Prior years	(156,229)	(45,104)	(187,564)	(16,098)
Total net incurred	60,167	142,587	231,870	335,668
Net paid related to:
Current year			23,902	19,885
Prior years			445,790	285,046
Total net paid			469,692	304,931
Foreign exchange			(8,602)	19,753
Net reserves as of June 30	3,247,354	2,619,220	3,247,354	2,619,220
Reinsurance recoverable as of June 30	1,454,991	370,586	1,454,991	370,586
Gross reserves as of June 30	$ 4,702,345	$ 2,989,806	$ 4,702,345	$ 2,989,806

Reserve for Claims and Claim Expenses (Prior Year Development of the Reserve for Net Claims and Claim Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years	$ (156,229)	$ (45,104)	$ (187,564)	$ (16,098)
Ogden Rate \| Maximum
Liability for Catastrophe Claims [Line Items]
Discount rate				2.50%
Ogden Rate \| Minimum
Liability for Catastrophe Claims [Line Items]
Discount rate				(0.75%)
Other
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years	$ (88)	$ (227)	(70)	$ (555)
Property
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(170,707)	(24,800)
Property \| Actuarial methods
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(32,265)
Property \| Actuarial assumption changes
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(5,682)	843
Property \| Attritional net claims and claim expenses
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(37,947)
Property \| Large and Small Catastrophe Events
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(132,760)	(25,643)
Property \| Large catastrophe events
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(156,213)	1,851
Property \| 2017 Catastrophe Events
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(156,213)
Property \| Other
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				(3,864)
Property \| New Zealand Earthquake (2011)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				5,807
Property \| New Zealand Earthquake (2010)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				4,061
Property \| April and May U.S. Tornadoes (2011)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				(4,153)
Property \| Small catastrophe events
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			23,453	(27,494)
Property \| Fort McMurray Wildfire (2016)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				(5,848)
Property \| Tianjin Explosion (2015)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				(4,896)
Property \| U.S. PCS 13/14 Wind and Thunderstorm (2013)
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years				(3,906)
Property \| Other
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			23,453	(12,844)
Casualty and Specialty
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(16,787)	9,257
Casualty and Specialty \| Actuarial methods
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(9,001)	(21,762)
Casualty and Specialty \| Actuarial assumption changes
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			(7,786)	(2,462)
Casualty and Specialty \| Ogden Rate change
Liability for Catastrophe Claims [Line Items]
Net claims and claim expenses incurred – prior accident years			$ 0	$ 33,481

Debt and Credit Facilities (Summary of Debt Obligations) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Fair Value	$ 987,400	$ 1,000,000
Carrying Value	$ 990,371	989,623
3.450% Senior Notes due 2027
Debt Instrument [Line Items]
Debt instrument, Interest rate	3.45%
3.700% Senior Notes due 2025
Debt Instrument [Line Items]
Debt instrument, Interest rate	3.70%
5.750% Senior Notes due 2020
Debt Instrument [Line Items]
Debt instrument, Interest rate	5.75%
4.750% Senior Notes due 2025 (DaVinciRe)
Debt Instrument [Line Items]
Debt instrument, Interest rate	4.75%
Senior Notes
Debt Instrument [Line Items]
Fair Value	$ 987,435	1,018,235
Carrying Value	990,371	989,623
Senior Notes \| 3.450% Senior Notes due 2027 \| RenaissanceRe Finance, Inc.
Debt Instrument [Line Items]
Fair Value	283,725	294,654
Carrying Value	295,549	295,303
Senior Notes \| 3.700% Senior Notes due 2025
Debt Instrument [Line Items]
Fair Value	294,573	302,781
Carrying Value	297,501	297,318
Senior Notes \| 5.750% Senior Notes due 2020
Debt Instrument [Line Items]
Fair Value	258,750	263,750
Carrying Value	249,436	249,272
Senior Notes \| 4.750% Senior Notes due 2025 (DaVinciRe) \| DaVinciRe Holdings Ltd.
Debt Instrument [Line Items]
Fair Value	150,387	157,050
Carrying Value	$ 147,885	$ 147,730

Debt and Credit Facilities (Schedule of Credit Facilities) (Details) - Jun. 30, 2018 £ in Thousands, $ in Thousands	USD ($)	GBP (£)
Line of Credit Facility [Line Items]
Credit facilities outstanding	$ 454,254	£ 0
Renaissance Reinsurance FAL Facility \| Line of Credit
Line of Credit Facility [Line Items]
Credit facilities outstanding	180,000
Specialty Risks FAL Facility (1) \| Line of Credit
Line of Credit Facility [Line Items]
Credit facilities outstanding \| £		£ 0
Wells Fargo \| Uncommitted Standby Letter of Credit Facility \| Letter of Credit
Line of Credit Facility [Line Items]
Credit facilities outstanding	93,475
Citibank Europe PLC \| Bilateral Facility \| Letter of Credit
Line of Credit Facility [Line Items]
Credit facilities outstanding	180,779
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Credit facilities outstanding	$ 0

Noncontrolling Interests (Details) - USD ($) $ in Thousands		1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
Noncontrolling Interests (Details) - USD ($) $ in Thousands	Oct. 01, 2017	Jul. 31, 2017	Jan. 31, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Mar. 31, 2018	Jul. 01, 2017	Mar. 31, 2017	Jan. 01, 2017	Dec. 31, 2016
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests				$ 1,493,428		$ 1,493,428		$ 1,296,506
Net income attributable to redeemable noncontrolling interests				54,483	$ 37,612	84,382	$ 71,939
DaVinciRe Holdings Ltd.
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests				1,082,425	1,019,918	1,082,425	1,019,918	$ 1,011,659	$ 1,032,543		$ 986,646		$ 994,458
Net income attributable to redeemable noncontrolling interests				$ 50,252	36,432	$ 71,205	68,341
Parent company ownership in redeemable noncontrolling interest	22.10%			22.10%		22.10%		22.10%		23.50%		22.60%
Redeemable noncontrolling interest, net redemptions			$ 75,000
Redeemable noncontrolling interest, reserve holdback			7,500
Noncontrolling interest, change from purchase or sale of interests	$ 49,700	$ 12,000	$ 24,000
Issuance of equity to third party investors	$ 248,600
Sale of shares to redeemable noncontrolling interest				$ 0	0	$ 0	23,921
Redemption of shares from redeemable noncontrolling interest				$ 370	3,160	$ 439	66,802
DaVinciRe Holdings Ltd. \| Maximum
Redeemable Noncontrolling Interest [Line Items]
Share repurchase requests, limit				25.00%		25.00%
RenaissanceRe Medici Fund Ltd.
Redeemable Noncontrolling Interest [Line Items]
Redeemable noncontrolling interests				$ 411,003	222,165	$ 411,003	222,165	$ 284,847	$ 392,821		$ 201,345		$ 181,136
Net income attributable to redeemable noncontrolling interests				$ 4,231	1,180	$ 13,177	3,598
Parent company ownership in redeemable noncontrolling interest				16.80%		16.80%		26.80%
Redemption provision, notice period						30 days
Sale of shares to redeemable noncontrolling interest				$ 56,743	34,925	$ 156,482	63,341	$ 149,200
Redemption of shares from redeemable noncontrolling interest				$ 42,792	$ 15,285	$ 43,503	$ 25,910	$ 48,000

Noncontrolling Interests (Schedule of Redeemable Noncontrolling Interest) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Activity in redeemable noncontrolling interest
Beginning balance			$ 1,296,506
Net income attributable to redeemable noncontrolling interest	$ 54,483	$ 37,612	84,382	$ 71,939
Ending balance	1,493,428		1,493,428		$ 1,296,506
DaVinciRe Holdings Ltd.
Activity in redeemable noncontrolling interest
Beginning balance	1,032,543	986,646	1,011,659	994,458	994,458
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(370)	(3,160)	(439)	(66,802)
Sale of shares to redeemable noncontrolling interests	0	0	0	23,921
Net income attributable to redeemable noncontrolling interest	50,252	36,432	71,205	68,341
Ending balance	1,082,425	1,019,918	1,082,425	1,019,918	1,011,659
RenaissanceRe Medici Fund Ltd.
Activity in redeemable noncontrolling interest
Beginning balance	392,821	201,345	284,847	181,136	181,136
Redemption of shares from redeemable noncontrolling interest, net of adjustments	(42,792)	(15,285)	(43,503)	(25,910)	(48,000)
Sale of shares to redeemable noncontrolling interests	56,743	34,925	156,482	63,341	149,200
Net income attributable to redeemable noncontrolling interest	4,231	1,180	13,177	3,598
Ending balance	$ 411,003	$ 222,165	$ 411,003	$ 222,165	$ 284,847

Variable Interest Entities (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Variable Interest Entities (Details) - USD ($)	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Variable Interest Entity [Line Items]
Assets	$ 17,023,378,000		$ 17,023,378,000		$ 15,226,131,000
Liabilities	10,669,889,000		10,669,889,000		9,538,250,000
Ceded premiums written	372,834,000	$ 271,670,000	869,442,000	$ 649,624,000
Ceded premiums earned	242,254,000	$ 194,439,000	477,487,000	385,561,000
Investments in other ventures, under equity method	111,935,000		111,935,000		101,974,000
Upsilon RFO Re Ltd. \| Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Return of capital					84,300,000
Assets	1,500,000,000		1,500,000,000		1,200,000,000
Liabilities	1,500,000,000		1,500,000,000		1,200,000,000
Upsilon RFO Re Ltd. \| Variable Interest Entity, Primary Beneficiary \| Non-Voting Preference Shares
Variable Interest Entity [Line Items]
Issuance of equity to third party investors					180,600,000
Contributions to subsidiaries			$ 107,800,000		27,200,000
Upsilon RFO Re Ltd. \| Variable Interest Entity, Primary Beneficiary \| RenaissanceRe Holdings Ltd.
Variable Interest Entity [Line Items]
Return of capital					$ 33,000,000
Variable interest entity, ownership percentage			14.60%		20.80%
Upsilon RFO Re Ltd. \| Variable Interest Entity, Primary Beneficiary \| Third party investor \| Non-Voting Preference Shares
Variable Interest Entity [Line Items]
Contributions to subsidiaries			$ 805,900,000		$ 7,500,000
Renaissance Reinsurance Ltd. \| Variable Interest Entity, Primary Beneficiary \| Fibonacci Reinsurance Ltd.
Variable Interest Entity [Line Items]
Ceded premiums written			9,100,000	9,400,000
Ceded premiums earned			3,100,000	3,800,000
Mona Lisa Re Ltd \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Assets	25,400,000		25,400,000		25,900,000
Liabilities	25,400,000		25,400,000		25,900,000
Mona Lisa Re Ltd \| Variable Interest Entity, Not Primary Beneficiary \| Renaissance Reinsurance Ltd.
Variable Interest Entity [Line Items]
Ceded premiums written			200,000	100,000
Ceded premiums earned			200,000	3,600,000
Mona Lisa Re Ltd \| Variable Interest Entity, Not Primary Beneficiary \| DaVinci Reinsurance Ltd.
Variable Interest Entity [Line Items]
Ceded premiums written			200,000	37,000
Ceded premiums earned			200,000	$ 2,500,000
Fibonacci Reinsurance Ltd. \| Variable Interest Entity, Primary Beneficiary \| Other Investments
Variable Interest Entity [Line Items]
Investment in participating notes	6,900,000		6,900,000		14,100,000
Langhorne Holdings LLC \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in other ventures, under equity method	1,300,000		1,300,000		600,000
Langhorne Partners
Variable Interest Entity [Line Items]
Investments in other ventures, under equity method	$ 100,000		$ 100,000
Langhorne Partners \| Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Investments in other ventures, under equity method					$ 0

Shareholders' Equity (Details) - USD ($)					1 Months Ended	3 Months Ended		6 Months Ended
Shareholders' Equity (Details) - USD ($)	Jun. 29, 2018	Jun. 15, 2018	Mar. 29, 2018	Mar. 15, 2018	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Nov. 10, 2017
Class of Stock [Line Items]
Dividends declared per common share (in dollars per share)		$ 0.33				$ 0.33	$ 0.32	$ 0.66	$ 0.64
Dividends paid per common share (in dollars per share)	$ 0.33		$ 0.33
Dividends declared and paid, preference shares						$ 5,596,000	$ 5,596,000	$ 11,191,000	$ 11,191,000
Shares issued (In shares)					16,010,000	16,010,000		16,010,000		16,000,000
Par value (In dollars per share)					$ 1	$ 1		$ 1		$ 1
Retained Earnings
Class of Stock [Line Items]
Dividends declared and paid, preference shares								$ 11,191,000	11,191,000
Dividends declared and paid, common shares								$ 26,468,000	$ 25,877,000
Common Shares
Class of Stock [Line Items]
Dividends declared per common share (in dollars per share)				$ 0.33
Share repurchase program, authorized amount											$ 500,000,000
Share repurchase program, shares repurchased (in shares)								0
Share repurchase program, remaining authorized aggregate amount					$ 500,000,000	$ 500,000,000		$ 500,000,000
Series C Preference Shares
Class of Stock [Line Items]
Dividend rate, percentage								6.08%
Liquidation preference per annum (in dollars per share)					$ 1.52	$ 1.52		$ 1.52
Liquidation preference quarterly (in dollars per share)					0.38	0.38		$ 0.38
Series E Preference Shares
Class of Stock [Line Items]
Dividend rate, percentage								5.375%
Liquidation preference per annum (in dollars per share)					1.34375	1.34375		$ 1.34375
Liquidation preference quarterly (in dollars per share)					0.3359375	0.3359375		0.3359375
Depositary Shares
Class of Stock [Line Items]
Liquidation preference per annum (in dollars per share)					1.4375	1.4375		1.4375
Liquidation preference quarterly (in dollars per share)					$ 0.359375	$ 0.359375		$ 0.359375
Shares issued (In shares)					10,000,000	10,000,000		10,000,000
Redemption price per share (in dollars per share)					$ 25	$ 25		$ 25
Percentage interest in underlying shares					0.10%	0.10%		0.10%
Depositary Shares \| Prior To June 30, 2023
Class of Stock [Line Items]
Redemption price per share (in dollars per share)					$ 26	$ 26		$ 26
Series F Preference Shares
Class of Stock [Line Items]
Dividend rate, percentage					5.75%
Liquidation preference per annum (in dollars per share)					$ 1,437.50	1,437.50		1,437.50
Liquidation preference quarterly (in dollars per share)					$ 359.375	$ 359.375		$ 359.375
Shares issued (In shares)					10,000	10,000		10,000
Par value (In dollars per share)					$ 1	$ 1		$ 1
Liquidation preference (in dollars per share)					25,000	25,000		25,000
Redemption price per share (in dollars per share)					25,000	25,000		25,000
Series F Preference Shares \| Prior To June 30, 2023
Class of Stock [Line Items]
Redemption price per share (in dollars per share)					$ 26,000	$ 26,000		$ 26,000

Earnings Per Share (Computation of Basic and Diluted Earnings Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Numerator:
Net income available to RenaissanceRe common shareholders	$ 191,788	$ 171,142	$ 248,501	$ 263,494
Amount allocated to participating common shareholders	(2,174)	(1,585)	(2,583)	(2,526)
Net income allocated to RenaissanceRe common shareholders	$ 189,614	$ 169,557	$ 245,918	$ 260,968
Denominator:
Denominator for basic income per RenaissanceRe common share - weighted average common shares (in shares)	39,641	39,937	39,597	40,172
Per common share equivalents of employee stock options and restricted shares (in shares)	13	87	25	152
Denominator for diluted income per RenaissanceRe common share - adjusted weighted average common shares and assumed conversions (in shares)	39,654	40,024	39,622	40,324
Net income available to RenaissanceRe common shareholders per common share – basic (in dollars per share)	$ 4.78	$ 4.25	$ 6.21	$ 6.50
Net income available to RenaissanceRe common shareholders per common share – diluted (in dollars per share)	$ 4.78	$ 4.24	$ 6.21	$ 6.47

Segment Reporting (Schedule of Significant Components of the Company's Revenues and Expenses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Gross premiums written	$ 977,343	$ 827,415	$ 2,136,995	$ 1,749,505
Net premiums written	604,509	555,745	1,267,553	1,099,881
Net premiums earned	429,385	382,265	869,667	748,310
Net claims and claim expenses incurred	60,167	142,587	231,870	335,668
Acquisition expenses	105,052	88,251	202,763	171,533
Operational expenses	37,543	41,766	78,815	89,049
Underwriting income (loss)	226,623	109,661	356,219	152,060
Net investment income	71,356	54,163	127,832	108,488
Net foreign exchange (losses) gains	(10,687)	3,109	(6,930)	11,274
Equity in earnings (losses) of other ventures	5,826	5,543	6,683	4,036
Other income (loss)	1,225	2,392	(17)	4,057
Net realized and unrealized (losses) gains on investments	(17,901)	58,113	(100,045)	101,486
Corporate expenses	(8,301)	(4,636)	(15,034)	(9,922)
Interest expense	(11,768)	(10,091)	(23,535)	(20,617)
Income before taxes	256,373	218,254	345,173	350,862
Income tax expense	(4,506)	(3,904)	(1,099)	(4,238)
Net (income) loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Dividends on preference shares	(5,596)	(5,596)	(11,191)	(11,191)
Net income available to RenaissanceRe common shareholders	191,788	171,142	248,501	263,494
Net claims and claim expenses incurred – current accident year	216,396	187,691	419,434	351,766
Net claims and claim expenses incurred – prior accident years	(156,229)	(45,104)	(187,564)	(16,098)
Total net incurred	$ 60,167	$ 142,587	$ 231,870	$ 335,668
Net claims and claim expense ratio – current accident year	50.40%	49.10%	48.20%	47.00%
Net claims and claim expense ratio – prior accident years	(36.40%)	(11.80%)	(21.50%)	(2.10%)
Net claims and claim expense ratio – calendar year	14.00%	37.30%	26.70%	44.90%
Underwriting expense ratio	33.20%	34.00%	32.30%	34.80%
Combined ratio	47.20%	71.30%	59.00%	79.70%
Other
Segment Reporting Information [Line Items]
Gross premiums written	$ 0	$ 0	$ 0	$ 0
Net premiums written	0	0	0	0
Net premiums earned	0	2	0	0
Net claims and claim expenses incurred	(88)	(227)	(70)	(555)
Acquisition expenses	1	(1)	1	(1)
Operational expenses	181	1	314	12
Underwriting income (loss)	(94)	229	(245)	544
Net investment income	71,356	54,163	127,832	108,488
Net foreign exchange (losses) gains	(10,687)	3,109	(6,930)	11,274
Equity in earnings (losses) of other ventures	5,826	5,543	6,683	4,036
Other income (loss)	1,225	2,392	(17)	4,057
Net realized and unrealized (losses) gains on investments	(17,901)	58,113	(100,045)	101,486
Corporate expenses	(8,301)	(4,636)	(15,034)	(9,922)
Interest expense	(11,768)	(10,091)	(23,535)	(20,617)
Income tax expense	(4,506)	(3,904)	(1,099)	(4,238)
Net (income) loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Dividends on preference shares	(5,596)	(5,596)	(11,191)	(11,191)
Net claims and claim expenses incurred – current accident year	0	0	0	0
Net claims and claim expenses incurred – prior accident years	(88)	(227)	(70)	(555)
Total net incurred	(88)	(227)	(70)	(555)
Property
Segment Reporting Information [Line Items]
Net claims and claim expenses incurred – prior accident years			(170,707)	(24,800)
Property \| Operating Segments
Segment Reporting Information [Line Items]
Gross premiums written	552,627	499,347	1,259,595	1,019,876
Net premiums written	297,832	336,464	651,909	626,335
Net premiums earned	204,138	192,198	429,187	379,186
Net claims and claim expenses incurred	(74,269)	33,017	(43,662)	71,855
Acquisition expenses	40,850	28,500	81,571	57,603
Operational expenses	23,810	24,053	50,356	51,718
Underwriting income (loss)	213,747	106,628	340,922	198,010
Net claims and claim expenses incurred – current accident year	68,876	56,889	127,045	96,655
Net claims and claim expenses incurred – prior accident years	(143,145)	(23,872)	(170,707)	(24,800)
Total net incurred	$ (74,269)	$ 33,017	$ (43,662)	$ 71,855
Net claims and claim expense ratio – current accident year	33.70%	29.60%	29.60%	25.50%
Net claims and claim expense ratio – prior accident years	(70.10%)	(12.40%)	(39.80%)	(6.60%)
Net claims and claim expense ratio – calendar year	(36.40%)	17.20%	(10.20%)	18.90%
Underwriting expense ratio	31.70%	27.30%	30.80%	28.90%
Combined ratio	(4.70%)	44.50%	20.60%	47.80%
Casualty and Specialty
Segment Reporting Information [Line Items]
Net claims and claim expenses incurred – prior accident years			$ (16,787)	$ 9,257
Casualty and Specialty \| Operating Segments
Segment Reporting Information [Line Items]
Gross premiums written	$ 424,716	$ 328,068	877,400	729,629
Net premiums written	306,677	219,281	615,644	473,546
Net premiums earned	225,247	190,065	440,480	369,124
Net claims and claim expenses incurred	134,524	109,797	275,602	264,368
Acquisition expenses	64,201	59,752	121,191	113,931
Operational expenses	13,552	17,712	28,145	37,319
Underwriting income (loss)	12,970	2,804	15,542	(46,494)
Net claims and claim expenses incurred – current accident year	147,520	130,802	292,389	255,111
Net claims and claim expenses incurred – prior accident years	(12,996)	(21,005)	(16,787)	9,257
Total net incurred	$ 134,524	$ 109,797	$ 275,602	$ 264,368
Net claims and claim expense ratio – current accident year	65.50%	68.80%	66.40%	69.10%
Net claims and claim expense ratio – prior accident years	(5.80%)	(11.00%)	(3.80%)	2.50%
Net claims and claim expense ratio – calendar year	59.70%	57.80%	62.60%	71.60%
Underwriting expense ratio	34.50%	40.70%	33.90%	41.00%
Combined ratio	94.20%	98.50%	96.50%	112.60%

Derivative Instruments (Consolidated Balance Sheets and Fair Value of the Principal Derivative Instruments) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Other assets
Derivative Assets
Gross Amounts of Recognized Assets	$ 9,562	$ 6,530
Gross Amounts Offset in the Balance Sheet	86	893
Net Amounts of Assets Presented in the Balance Sheet	9,476	5,637
Collateral	0	0
Net Amount	9,476	5,637
Other assets \| Interest rate futures
Derivative Assets
Gross Amounts of Recognized Assets	81	684
Gross Amounts Offset in the Balance Sheet	81	524
Net Amounts of Assets Presented in the Balance Sheet	0	160
Collateral	0	0
Net Amount	0	160
Other assets \| Interest rate swaps
Derivative Assets
Gross Amounts of Recognized Assets	573	424
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts of Assets Presented in the Balance Sheet	573	424
Collateral	0	0
Net Amount	573	424
Other assets \| Foreign currency forward contracts, underwriting and non-investment operations
Derivative Assets
Gross Amounts of Recognized Assets	6,687	3,865
Gross Amounts Offset in the Balance Sheet	0	358
Net Amounts of Assets Presented in the Balance Sheet	6,687	3,507
Collateral	0	0
Net Amount	6,687	3,507
Other assets \| Foreign currency forward contracts, investment operations
Derivative Assets
Gross Amounts of Recognized Assets	1,759	39
Gross Amounts Offset in the Balance Sheet	5	11
Net Amounts of Assets Presented in the Balance Sheet	1,754	28
Collateral	0	0
Net Amount	1,754	28
Other assets \| Credit default swaps
Derivative Assets
Gross Amounts of Recognized Assets	462	1,518
Gross Amounts Offset in the Balance Sheet	0	0
Net Amounts of Assets Presented in the Balance Sheet	462	1,518
Collateral	0	0
Net Amount	462	1,518
Other liabilities
Derivative Liabilities
Gross Amounts of Recognized Liabilities	13,869	1,536
Gross Amounts Offset in the Balance Sheet	2,232	535
Net Amounts of Liabilities Presented in the Balance Sheet	11,637	1,001
Collateral Pledged	95	227
Net Amount	11,542	774
Other liabilities \| Interest rate futures
Derivative Liabilities
Gross Amounts of Recognized Liabilities	176	729
Gross Amounts Offset in the Balance Sheet	81	524
Net Amounts of Liabilities Presented in the Balance Sheet	95	205
Collateral Pledged	95	205
Net Amount	0	0
Other liabilities \| Foreign currency forward contracts, underwriting and non-investment operations
Derivative Liabilities
Gross Amounts of Recognized Liabilities	13,100	670
Gross Amounts Offset in the Balance Sheet	2,146	0
Net Amounts of Liabilities Presented in the Balance Sheet	10,954	670
Collateral Pledged	0	0
Net Amount	10,954	670
Other liabilities \| Foreign currency forward contracts, investment operations
Derivative Liabilities
Gross Amounts of Recognized Liabilities	593	115
Gross Amounts Offset in the Balance Sheet	5	11
Net Amounts of Liabilities Presented in the Balance Sheet	588	104
Collateral Pledged	0	0
Net Amount	$ 588	104
Other liabilities \| Credit default swaps
Derivative Liabilities
Gross Amounts of Recognized Liabilities		22
Gross Amounts Offset in the Balance Sheet		0
Net Amounts of Liabilities Presented in the Balance Sheet		22
Collateral Pledged		22
Net Amount		$ 0

Derivative Instruments (Gain (Loss) Recognized in the Consolidated Statements of Operations Related to its Derivative Instruments) (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	$ (3,993)	$ 4,688	$ (2,305)	$ 5,059
Net realized and unrealized (losses) gains on investments \| Interest rate futures
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	(87)	(890)	(2,424)	(1,048)
Net realized and unrealized (losses) gains on investments \| Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	241	0	135	0
Net realized and unrealized (losses) gains on investments \| Credit default swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	884	622	(1,037)	724
Net foreign exchange (losses) gains \| Foreign currency forward contracts, underwriting and non-investment operations
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	(6,374)	5,223	369	6,283
Net foreign exchange (losses) gains \| Foreign currency forward contracts, investment operations
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized on derivatives	$ 1,343	$ (267)	$ 652	$ (900)

Derivative Instruments (Narrative) (Details) - Not Designated as Hedging Instrument - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Interest rate futures \| Long
Derivative [Line Items]
Notional amount	$ 1,100,000,000	$ 1,500,000,000
Interest rate futures \| Short
Derivative [Line Items]
Notional amount	398,600,000	801,100,000
Interest rate swaps \| US Dollars \| Paying a Fixed Rate
Derivative [Line Items]
Notional amount	38,800,000	40,300,000
Interest rate swaps \| US Dollars \| Receiving a Fixed Rate
Derivative [Line Items]
Notional amount	25,500,000	0
Foreign currency forward contracts, underwriting and non-investment operations \| Long
Derivative [Line Items]
Notional amount	401,200,000	215,400,000
Foreign currency forward contracts, underwriting and non-investment operations \| Short
Derivative [Line Items]
Notional amount	513,400,000	44,200,000
Foreign currency forward contracts, investment operations \| Long
Derivative [Line Items]
Notional amount	91,800,000	16,600,000
Foreign currency forward contracts, investment operations \| Short
Derivative [Line Items]
Notional amount	49,400,000	5,100,000
Credit default swaps \| Long
Derivative [Line Items]
Notional amount	1,000,000	1,000,000
Credit default swaps \| Short
Derivative [Line Items]
Notional amount	$ 99,600,000	$ 18,800,000

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Assets
Total investments	$ 10,710,660	$ 9,503,439
Cash and cash equivalents	548,472	1,361,592	$ 623,150	$ 421,157
Investments in subsidiaries	0	0
Due from subsidiaries and affiliates	0	0
Premiums receivable	1,959,647	1,304,622
Prepaid reinsurance premiums	925,501	533,546
Reinsurance recoverable	1,454,991	1,586,630	370,586
Accrued investment income	44,810	42,235
Deferred acquisition costs	511,155	426,551
Receivable for investments sold	505,907	103,145
Other assets	122,048	121,226
Goodwill and other intangible assets	240,187	243,145
Total assets	17,023,378	15,226,131
Liabilities
Reserve for claims and claim expenses	4,702,345	5,080,408	2,989,806
Unearned premiums	2,267,450	1,477,609
Debt	990,371	989,623
Amounts due to subsidiaries and affiliates	0	0
Reinsurance balances payable	2,085,034	989,090
Payable for investments purchased	490,589	208,749
Other liabilities	134,100	792,771
Total liabilities	10,669,889	9,538,250
Redeemable noncontrolling interests	1,493,428	1,296,506
Shareholders’ Equity
Total shareholders’ equity	4,860,061	4,391,375	4,955,255
Total liabilities, noncontrolling interests and shareholders’ equity	17,023,378	15,226,131
Reportable Legal Entities \| RenRe North America Holdings Inc. (Subsidiary Issuer)
Assets
Total investments	114,609	129,732
Cash and cash equivalents	12	139	276	162
Investments in subsidiaries	54,479	36,140
Due from subsidiaries and affiliates	91,891	91,891
Premiums receivable	0	0
Prepaid reinsurance premiums	0	0
Reinsurance recoverable	0	0
Accrued investment income	318	428
Deferred acquisition costs	0	0
Receivable for investments sold	68	51
Other assets	20,798	21,342
Goodwill and other intangible assets	0	0
Total assets	282,175	279,723
Liabilities
Reserve for claims and claim expenses	0	0
Unearned premiums	0	0
Debt	0	0
Amounts due to subsidiaries and affiliates	104	54
Reinsurance balances payable	0	0
Payable for investments purchased	32	0
Other liabilities	694	1,053
Total liabilities	830	1,107
Redeemable noncontrolling interests	0	0
Shareholders’ Equity
Total shareholders’ equity	281,345	278,616
Total liabilities, noncontrolling interests and shareholders’ equity	282,175	279,723
Reportable Legal Entities \| RenaissanceRe Finance, Inc. (Subsidiary Issuer)
Assets
Total investments	16,683	31,255
Cash and cash equivalents	4,745	1,469	8,356	9,397
Investments in subsidiaries	1,159,014	1,141,733
Due from subsidiaries and affiliates	0	0
Premiums receivable	0	0
Prepaid reinsurance premiums	0	0
Reinsurance recoverable	0	0
Accrued investment income	71	82
Deferred acquisition costs	0	0
Receivable for investments sold	0	8
Other assets	433,500	430,481
Goodwill and other intangible assets	0	0
Total assets	1,614,013	1,605,028
Liabilities
Reserve for claims and claim expenses	0	0
Unearned premiums	0	0
Debt	842,486	841,892
Amounts due to subsidiaries and affiliates	114,127	92,794
Reinsurance balances payable	0	0
Payable for investments purchased	0	0
Other liabilities	13,945	14,117
Total liabilities	970,558	948,803
Redeemable noncontrolling interests	0	0
Shareholders’ Equity
Total shareholders’ equity	643,455	656,225
Total liabilities, noncontrolling interests and shareholders’ equity	1,614,013	1,605,028
Reportable Legal Entities \| RenaissanceRe Holdings Ltd. (Parent Guarantor)
Assets
Total investments	99,651	225,266
Cash and cash equivalents	2,502	14,656	2,417	7,067
Investments in subsidiaries	4,289,987	4,105,760
Due from subsidiaries and affiliates	139,503	4,602
Premiums receivable	0	0
Prepaid reinsurance premiums	0	0
Reinsurance recoverable	0	0
Accrued investment income	406	405
Deferred acquisition costs	0	0
Receivable for investments sold	195,242	135
Other assets	444,328	433,468
Goodwill and other intangible assets	122,644	124,960
Total assets	5,294,263	4,909,252
Liabilities
Reserve for claims and claim expenses	0	0
Unearned premiums	0	0
Debt	417,000	417,000
Amounts due to subsidiaries and affiliates	5,276	82,579
Reinsurance balances payable	0	0
Payable for investments purchased	0	0
Other liabilities	11,926	18,298
Total liabilities	434,202	517,877
Redeemable noncontrolling interests	0	0
Shareholders’ Equity
Total shareholders’ equity	4,860,061	4,391,375
Total liabilities, noncontrolling interests and shareholders’ equity	5,294,263	4,909,252
Reportable Legal Entities \| Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)
Assets
Total investments	10,479,717	9,117,186
Cash and cash equivalents	541,213	1,345,328	$ 588,115	$ 397,860
Investments in subsidiaries	0	0
Due from subsidiaries and affiliates	0	0
Premiums receivable	1,959,647	1,304,622
Prepaid reinsurance premiums	925,501	533,546
Reinsurance recoverable	1,454,991	1,586,630
Accrued investment income	44,015	41,320
Deferred acquisition costs	511,155	426,551
Receivable for investments sold	310,597	102,951
Other assets	83,597	76,703
Goodwill and other intangible assets	117,543	118,185
Total assets	16,427,976	14,653,022
Liabilities
Reserve for claims and claim expenses	4,702,345	5,080,408
Unearned premiums	2,267,450	1,477,609
Debt	147,885	147,731
Amounts due to subsidiaries and affiliates	0	0
Reinsurance balances payable	2,085,034	989,090
Payable for investments purchased	490,557	208,749
Other liabilities	120,523	764,432
Total liabilities	9,813,794	8,668,019
Redeemable noncontrolling interests	1,493,428	1,296,506
Shareholders’ Equity
Total shareholders’ equity	5,120,754	4,688,497
Total liabilities, noncontrolling interests and shareholders’ equity	16,427,976	14,653,022
Consolidating Adjustments
Assets
Total investments	0	0
Cash and cash equivalents	0	0
Investments in subsidiaries	(5,503,480)	(5,283,633)
Due from subsidiaries and affiliates	(231,394)	(96,493)
Premiums receivable	0	0
Prepaid reinsurance premiums	0	0
Reinsurance recoverable	0	0
Accrued investment income	0	0
Deferred acquisition costs	0	0
Receivable for investments sold	0	0
Other assets	(860,175)	(840,768)
Goodwill and other intangible assets	0	0
Total assets	(6,595,049)	(6,220,894)
Liabilities
Reserve for claims and claim expenses	0	0
Unearned premiums	0	0
Debt	(417,000)	(417,000)
Amounts due to subsidiaries and affiliates	(119,507)	(175,427)
Reinsurance balances payable	0	0
Payable for investments purchased	0	0
Other liabilities	(12,988)	(5,129)
Total liabilities	(549,495)	(597,556)
Redeemable noncontrolling interests	0	0
Shareholders’ Equity
Total shareholders’ equity	(6,045,554)	(5,623,338)
Total liabilities, noncontrolling interests and shareholders’ equity	$ (6,595,049)	$ (6,220,894)

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues
Net premiums earned	$ 429,385	$ 382,265	$ 869,667	$ 748,310
Net investment income	71,356	54,163	127,832	108,488
Net foreign exchange (losses) gains	(10,687)	3,109	(6,930)	11,274
Equity in earnings of other ventures	5,826	5,543	6,683	4,036
Other income (loss)	1,225	2,392	(17)	4,057
Net realized and unrealized (losses) gains on investments	(17,901)	58,113	(100,045)	101,486
Total revenues	479,204	505,585	897,190	977,651
Expenses
Net claims and claim expenses incurred	60,167	142,587	231,870	335,668
Acquisition expenses	105,052	88,251	202,763	171,533
Operational expenses	37,543	41,766	78,815	89,049
Corporate expenses	8,301	4,636	15,034	9,922
Interest expense	11,768	10,091	23,535	20,617
Total expenses	222,831	287,331	552,017	626,789
(Loss) income before equity in net income (loss) of subsidiaries and taxes	256,373	218,254	345,173	350,862
Equity in net income (loss) of subsidiaries	0	0	0	0
Income before taxes	256,373	218,254	345,173	350,862
Income tax expense	(4,506)	(3,904)	(1,099)	(4,238)
Net income	251,867	214,350	344,074	346,624
Net (income) loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Net income attributable to RenaissanceRe	197,384	176,738	259,692	274,685
Dividends on preference shares	(5,596)	(5,596)	(11,191)	(11,191)
Net income available to RenaissanceRe common shareholders	191,788	171,142	248,501	263,494
Reportable Legal Entities \| RenRe North America Holdings Inc. (Subsidiary Issuer)
Revenues
Net premiums earned	0	0	0	0
Net investment income	577	466	1,090	892
Net foreign exchange (losses) gains	0	0	0	0
Equity in earnings of other ventures	0	0	0	0
Other income (loss)	0	0	0	0
Net realized and unrealized (losses) gains on investments	1,713	1,421	427	4,342
Total revenues	2,290	1,887	1,517	5,234
Expenses
Net claims and claim expenses incurred	0	0	0	0
Acquisition expenses	0	0	0	0
Operational expenses	21	16	31	40
Corporate expenses	0	0	0	0
Interest expense	0	0	0	0
Total expenses	21	16	31	40
(Loss) income before equity in net income (loss) of subsidiaries and taxes	2,269	1,871	1,486	5,194
Equity in net income (loss) of subsidiaries	716	1,220	1,550	2,306
Income before taxes	2,985	3,091	3,036	7,500
Income tax expense	(468)	(584)	(247)	(1,682)
Net income	2,517	2,507	2,789	5,818
Net (income) loss attributable to redeemable noncontrolling interests	0	0	0	0
Net income attributable to RenaissanceRe	2,517	2,507	2,789	5,818
Dividends on preference shares	0	0	0	0
Net income available to RenaissanceRe common shareholders	2,517	2,507	2,789	5,818
Reportable Legal Entities \| Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
Revenues
Net premiums earned		0		0
Net investment income		535		1,376
Net foreign exchange (losses) gains		0		0
Equity in earnings of other ventures		0		0
Other income (loss)		0		0
Net realized and unrealized (losses) gains on investments		191		4,916
Total revenues		726		6,292
Expenses
Net claims and claim expenses incurred		0		0
Acquisition expenses		0		0
Operational expenses		35		85
Corporate expenses		0		0
Interest expense		985		2,461
Total expenses		1,020		2,546
(Loss) income before equity in net income (loss) of subsidiaries and taxes		(294)		3,746
Equity in net income (loss) of subsidiaries		18,185		28,028
Income before taxes		17,891		31,774
Income tax expense		104		(1,204)
Net income		17,995		30,570
Net (income) loss attributable to redeemable noncontrolling interests		0		0
Net income attributable to RenaissanceRe		17,995		30,570
Dividends on preference shares		0		0
Net income available to RenaissanceRe common shareholders		17,995		30,570
Reportable Legal Entities \| RenaissanceRe Finance, Inc. (Subsidiary Issuer)
Revenues
Net premiums earned	0	0	0	0
Net investment income	1,206	239	2,440	508
Net foreign exchange (losses) gains	0	0	0	0
Equity in earnings of other ventures	544	302	1,755	(450)
Other income (loss)	0	0	0	0
Net realized and unrealized (losses) gains on investments	(67)	(242)	(326)	(268)
Total revenues	1,683	299	3,869	(210)
Expenses
Net claims and claim expenses incurred	0	0	0	0
Acquisition expenses	0	0	0	0
Operational expenses	8,174	6,647	19,244	14,626
Corporate expenses	7	0	7	0
Interest expense	9,254	6,601	18,506	13,143
Total expenses	17,435	13,248	37,757	27,769
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(15,752)	(12,949)	(33,888)	(27,979)
Equity in net income (loss) of subsidiaries	21,152	20,438	17,339	36,936
Income before taxes	5,400	7,489	(16,549)	8,957
Income tax expense	2,022	2,902	3,837	5,974
Net income	7,422	10,391	(12,712)	14,931
Net (income) loss attributable to redeemable noncontrolling interests	0	0	0	0
Net income attributable to RenaissanceRe	7,422	10,391	(12,712)	14,931
Dividends on preference shares	0	0	0	0
Net income available to RenaissanceRe common shareholders	7,422	10,391	(12,712)	14,931
Reportable Legal Entities \| RenaissanceRe Holdings Ltd. (Parent Guarantor)
Revenues
Net premiums earned	0	0	0	0
Net investment income	5,927	5,284	11,962	10,741
Net foreign exchange (losses) gains	(1)	(1)	(4)	(1)
Equity in earnings of other ventures	0	0	0	0
Other income (loss)	0	0	0	(1)
Net realized and unrealized (losses) gains on investments	16	(8)	(645)	45
Total revenues	5,942	5,275	11,313	10,784
Expenses
Net claims and claim expenses incurred	0	0	0	0
Acquisition expenses	0	0	0	0
Operational expenses	2,668	3,190	3,981	6,488
Corporate expenses	5,036	4,798	8,720	10,006
Interest expense	1,108	141	2,216	281
Total expenses	8,812	8,129	14,917	16,775
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(2,870)	(2,854)	(3,604)	(5,991)
Equity in net income (loss) of subsidiaries	202,525	178,746	264,951	280,099
Income before taxes	199,655	175,892	261,347	274,108
Income tax expense	(2,271)	846	(1,655)	577
Net income	197,384	176,738	259,692	274,685
Net (income) loss attributable to redeemable noncontrolling interests	0	0	0	0
Net income attributable to RenaissanceRe	197,384	176,738	259,692	274,685
Dividends on preference shares	(5,596)	(5,596)	(11,191)	(11,191)
Net income available to RenaissanceRe common shareholders	191,788	171,142	248,501	263,494
Reportable Legal Entities \| Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)
Revenues
Net premiums earned	429,385	382,265	869,667	748,310
Net investment income	71,257	53,891	127,562	107,474
Net foreign exchange (losses) gains	(10,686)	3,110	(6,942)	11,275
Equity in earnings of other ventures	5,282	5,241	4,928	4,486
Other income (loss)	1,225	2,392	(17)	4,058
Net realized and unrealized (losses) gains on investments	(19,563)	56,751	(99,501)	92,451
Total revenues	476,900	503,650	895,697	968,054
Expenses
Net claims and claim expenses incurred	60,167	142,587	231,870	335,668
Acquisition expenses	105,052	88,251	202,763	171,533
Operational expenses	33,106	36,402	71,039	78,460
Corporate expenses	3,258	(162)	6,307	(84)
Interest expense	2,514	2,505	5,029	5,013
Total expenses	204,097	269,583	517,008	590,590
(Loss) income before equity in net income (loss) of subsidiaries and taxes	272,803	234,067	378,689	377,464
Equity in net income (loss) of subsidiaries	0	0	0	0
Income before taxes	272,803	234,067	378,689	377,464
Income tax expense	(3,789)	(7,172)	(3,034)	(7,903)
Net income	269,014	226,895	375,655	369,561
Net (income) loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Net income attributable to RenaissanceRe	214,531	189,283	291,273	297,622
Dividends on preference shares	0	0	0	0
Net income available to RenaissanceRe common shareholders	214,531	189,283	291,273	297,622
Consolidating Adjustments
Revenues
Net premiums earned	0	0	0	0
Net investment income	(7,611)	(6,252)	(15,222)	(12,503)
Net foreign exchange (losses) gains	0	0	0	0
Equity in earnings of other ventures	0	0	0	0
Other income (loss)	0	0	0	0
Net realized and unrealized (losses) gains on investments	0	0	0	0
Total revenues	(7,611)	(6,252)	(15,222)	(12,503)
Expenses
Net claims and claim expenses incurred	0	0	0	0
Acquisition expenses	0	0	0	0
Operational expenses	(6,426)	(4,524)	(15,480)	(10,650)
Corporate expenses	0	0	0	0
Interest expense	(1,108)	(141)	(2,216)	(281)
Total expenses	(7,534)	(4,665)	(17,696)	(10,931)
(Loss) income before equity in net income (loss) of subsidiaries and taxes	(77)	(1,587)	2,474	(1,572)
Equity in net income (loss) of subsidiaries	(224,393)	(218,589)	(283,840)	(347,369)
Income before taxes	(224,470)	(220,176)	(281,366)	(348,941)
Income tax expense	0	0	0	0
Net income	(224,470)	(220,176)	(281,366)	(348,941)
Net (income) loss attributable to redeemable noncontrolling interests	0	0	0	0
Net income attributable to RenaissanceRe	(224,470)	(220,176)	(281,366)	(348,941)
Dividends on preference shares	0	0	0	0
Net income available to RenaissanceRe common shareholders	$ (224,470)	$ (220,176)	$ (281,366)	$ (348,941)

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	$ 251,867	$ 214,350	$ 344,074	$ 346,624
Change in net unrealized gains on investments	(1,295)	219	(1,325)	(1,272)
Comprehensive income	250,572	214,569	342,749	345,352
Net income (loss) attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive income attributable to RenaissanceRe	196,089	176,957	258,367	273,413
Reportable Legal Entities \| RenRe North America Holdings Inc. (Subsidiary Issuer)
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	2,517	2,507	2,789	5,818
Change in net unrealized gains on investments	0	0	0	0
Comprehensive income	2,517	2,507	2,789	5,818
Net income (loss) attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive loss attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive income attributable to RenaissanceRe	2,517	2,507	2,789	5,818
Reportable Legal Entities \| Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
Condensed Financial Statements, Captions [Line Items]
Net (loss) income		17,995		30,570
Change in net unrealized gains on investments		0		0
Comprehensive income		17,995		30,570
Net income (loss) attributable to redeemable noncontrolling interests		0		0
Comprehensive loss attributable to redeemable noncontrolling interests		0		0
Comprehensive income attributable to RenaissanceRe		17,995		30,570
Reportable Legal Entities \| RenaissanceRe Finance, Inc. (Subsidiary Issuer)
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	7,422	10,391	(12,712)	14,931
Change in net unrealized gains on investments	0	0	0	0
Comprehensive income	7,422	10,391	(12,712)	14,931
Net income (loss) attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive loss attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive income attributable to RenaissanceRe	7,422	10,391	(12,712)	14,931
Reportable Legal Entities \| RenaissanceRe Holdings Ltd. (Parent Guarantor)
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	197,384	176,738	259,692	274,685
Change in net unrealized gains on investments	0	0	0	0
Comprehensive income	197,384	176,738	259,692	274,685
Net income (loss) attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive loss attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive income attributable to RenaissanceRe	197,384	176,738	259,692	274,685
Reportable Legal Entities \| Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	269,014	226,895	375,655	369,561
Change in net unrealized gains on investments	(1,295)	219	(1,325)	(1,272)
Comprehensive income	267,719	227,114	374,330	368,289
Net income (loss) attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive loss attributable to redeemable noncontrolling interests	(54,483)	(37,612)	(84,382)	(71,939)
Comprehensive income attributable to RenaissanceRe	213,236	189,502	289,948	296,350
Consolidating Adjustments
Condensed Financial Statements, Captions [Line Items]
Net (loss) income	(224,470)	(220,176)	(281,366)	(348,941)
Change in net unrealized gains on investments	0	0	0	0
Comprehensive income	(224,470)	(220,176)	(281,366)	(348,941)
Net income (loss) attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive loss attributable to redeemable noncontrolling interests	0	0	0	0
Comprehensive income attributable to RenaissanceRe	$ (224,470)	$ (220,176)	$ (281,366)	$ (348,941)

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	$ 349,111	$ 321,023
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	4,813,208	5,163,972
Purchases of fixed maturity investments trading	(5,014,011)	(5,451,362)
Net purchases of equity investments trading	(34,298)	46,305
Net (purchases) sales of short term investments	(1,062,422)	276,075
Net purchases of other investments	(111,921)	2,551
Net purchases of investments in other ventures	(20,952)	0
Return of investment from investment in other ventures	8,464	20,000
Dividends and return of capital from subsidiaries	0	0
Contributions to subsidiaries	0	0
Due (from) to subsidiary	0	0
Net cash (used in) provided by investing activities	(1,421,932)	57,541
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	(26,468)	(25,877)
Dividends paid – preference shares	(11,191)	(11,191)
Issuance of preference shares, net of expenses	242,371	0
RenaissanceRe common share repurchases	0	(145,940)
Net repayment of debt		(250,000)
Net issuance of debt	0	295,866
Net third party redeemable noncontrolling interest share transactions	64,534	(33,655)
Taxes paid on withholding shares	(7,044)	(11,251)
Net cash provided by (used in) financing activities	262,202	(182,048)
Effect of exchange rate changes on foreign currency cash	(2,501)	5,477
Net (decrease) increase in cash and cash equivalents	(813,120)	201,993
Cash and cash equivalents, beginning of period	1,361,592	421,157
Cash and cash equivalents, end of period	548,472	623,150
Reportable Legal Entities \| RenRe North America Holdings Inc. (Subsidiary Issuer)
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	1,213	(8,931)
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	62,334	46,475
Purchases of fixed maturity investments trading	(46,047)	(45,174)
Net purchases of equity investments trading	(675)	(89)
Net (purchases) sales of short term investments	(154)	(1,351)
Net purchases of other investments	0	0
Net purchases of investments in other ventures	0
Return of investment from investment in other ventures	0	0
Dividends and return of capital from subsidiaries	0	9,175
Contributions to subsidiaries	(16,848)	0
Due (from) to subsidiary	50	9
Net cash (used in) provided by investing activities	(1,340)	9,045
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	0	0
Dividends paid – preference shares	0	0
Issuance of preference shares, net of expenses	0
RenaissanceRe common share repurchases		0
Net repayment of debt		0
Net issuance of debt		0
Net third party redeemable noncontrolling interest share transactions	0	0
Taxes paid on withholding shares	0	0
Net cash provided by (used in) financing activities	0	0
Effect of exchange rate changes on foreign currency cash	0	0
Net (decrease) increase in cash and cash equivalents	(127)	114
Cash and cash equivalents, beginning of period	139	162
Cash and cash equivalents, end of period	12	276
Reportable Legal Entities \| Platinum Underwriters Finance, Inc. (Subsidiary Issuer)
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities		(5,017)
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading		289,741
Purchases of fixed maturity investments trading		(143,991)
Net purchases of equity investments trading		85,324
Net (purchases) sales of short term investments		41,299
Net purchases of other investments		0
Return of investment from investment in other ventures		0
Dividends and return of capital from subsidiaries		0
Contributions to subsidiaries		0
Due (from) to subsidiary		(41)
Net cash (used in) provided by investing activities		272,332
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares		0
Dividends paid – preference shares		0
RenaissanceRe common share repurchases		0
Net repayment of debt		(250,000)
Net issuance of debt		0
Net third party redeemable noncontrolling interest share transactions		0
Taxes paid on withholding shares		0
Net cash provided by (used in) financing activities		(250,000)
Effect of exchange rate changes on foreign currency cash		0
Net (decrease) increase in cash and cash equivalents		17,315
Cash and cash equivalents, beginning of period		6,671
Cash and cash equivalents, end of period		23,986
Reportable Legal Entities \| RenaissanceRe Finance, Inc. (Subsidiary Issuer)
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	(32,605)	(27,713)
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	35,946	15,449
Purchases of fixed maturity investments trading	(16,397)	(265,787)
Net purchases of equity investments trading	0	0
Net (purchases) sales of short term investments	(5,001)	(28,934)
Net purchases of other investments	0	0
Net purchases of investments in other ventures	0
Return of investment from investment in other ventures	0	0
Dividends and return of capital from subsidiaries	0	17,975
Contributions to subsidiaries	0	(9,175)
Due (from) to subsidiary	21,333	1,278
Net cash (used in) provided by investing activities	35,881	(269,194)
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	0	0
Dividends paid – preference shares	0	0
Issuance of preference shares, net of expenses	0
RenaissanceRe common share repurchases		0
Net repayment of debt		0
Net issuance of debt		295,866
Net third party redeemable noncontrolling interest share transactions	0	0
Taxes paid on withholding shares	0	0
Net cash provided by (used in) financing activities	0	295,866
Effect of exchange rate changes on foreign currency cash	0	0
Net (decrease) increase in cash and cash equivalents	3,276	(1,041)
Cash and cash equivalents, beginning of period	1,469	9,397
Cash and cash equivalents, end of period	4,745	8,356
Reportable Legal Entities \| RenaissanceRe Holdings Ltd. (Parent Guarantor)
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	(7,183)	(11,924)
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	120,555	53,654
Purchases of fixed maturity investments trading	(246,764)	(105,523)
Net purchases of equity investments trading	0	0
Net (purchases) sales of short term investments	56,048	298,768
Net purchases of other investments	0	0
Net purchases of investments in other ventures	0
Return of investment from investment in other ventures	0	0
Dividends and return of capital from subsidiaries	278,864	167,111
Contributions to subsidiaries	(250,238)	(200,000)
Due (from) to subsidiary	(161,104)	(12,477)
Net cash (used in) provided by investing activities	(202,639)	201,533
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	(26,468)	(25,877)
Dividends paid – preference shares	(11,191)	(11,191)
Issuance of preference shares, net of expenses	242,371
RenaissanceRe common share repurchases		(145,940)
Net repayment of debt		0
Net issuance of debt		0
Net third party redeemable noncontrolling interest share transactions	0	0
Taxes paid on withholding shares	(7,044)	(11,251)
Net cash provided by (used in) financing activities	197,668	(194,259)
Effect of exchange rate changes on foreign currency cash	0	0
Net (decrease) increase in cash and cash equivalents	(12,154)	(4,650)
Cash and cash equivalents, beginning of period	14,656	7,067
Cash and cash equivalents, end of period	2,502	2,417
Reportable Legal Entities \| Other RenaissanceRe Holdings Ltd. Subsidiaries And Eliminations (Non-Guarantor Subsidiaries)
Cash flows (used in) provided by operating activities
Net cash (used in) provided by operating activities	387,686	374,608
Cash flows (used in) provided by investing activities
Proceeds from sales and maturities of fixed maturity investments trading	4,594,373	4,758,653
Purchases of fixed maturity investments trading	(4,704,803)	(4,890,887)
Net purchases of equity investments trading	(33,623)	(38,930)
Net (purchases) sales of short term investments	(1,113,315)	(33,707)
Net purchases of other investments	(111,921)	2,551
Net purchases of investments in other ventures	(20,952)
Return of investment from investment in other ventures	8,464	20,000
Dividends and return of capital from subsidiaries	(278,864)	(194,261)
Contributions to subsidiaries	267,086	209,175
Due (from) to subsidiary	139,721	11,231
Net cash (used in) provided by investing activities	(1,253,834)	(156,175)
Cash flows provided by (used in) financing activities
Dividends paid – RenaissanceRe common shares	0	0
Dividends paid – preference shares	0	0
Issuance of preference shares, net of expenses	0
RenaissanceRe common share repurchases		0
Net repayment of debt		0
Net issuance of debt		0
Net third party redeemable noncontrolling interest share transactions	64,534	(33,655)
Taxes paid on withholding shares	0	0
Net cash provided by (used in) financing activities	64,534	(33,655)
Effect of exchange rate changes on foreign currency cash	(2,501)	5,477
Net (decrease) increase in cash and cash equivalents	(804,115)	190,255
Cash and cash equivalents, beginning of period	1,345,328	397,860
Cash and cash equivalents, end of period	$ 541,213	$ 588,115

Fair Value Measurements (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity investments trading	$ 432,804	$ 388,254
Other investments	713,200	594,793
Other (liabilities)	(4,506)	(5,494)
Other assets, fair value	2,488	2,542
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	7,420,778	7,426,555
Short term investments	2,031,943	991,863
Equity investments trading	432,804	388,254
Other investments	713,200	594,793
Other (liabilities)	(4,179)
Total assets and liabilities measured on recurring basis	10,594,546	9,403,149
Other assets, fair value		1,684
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	2,968,855	3,168,763
Short term investments	0	0
Equity investments trading	432,804	388,254
Other investments	0	0
Other (liabilities)	(95)	(45)
Total assets and liabilities measured on recurring basis	3,401,564	3,556,972
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	4,451,923	4,257,792
Short term investments	2,031,943	991,863
Equity investments trading	0	0
Other investments	501,025	380,475
Other (liabilities)	(2,066)
Total assets and liabilities measured on recurring basis	6,982,825	5,634,811
Other assets, fair value		4,681
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Short term investments	0	0
Equity investments trading	0	0
Other investments	0	0
Other (liabilities)	(2,018)	(2,952)
Total assets and liabilities measured on recurring basis	(2,018)	(2,952)
Fair Value, Measurements, Recurring \| U.S. treasuries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	2,968,855	3,168,763
Fair Value, Measurements, Recurring \| U.S. treasuries \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	2,968,855	3,168,763
Fair Value, Measurements, Recurring \| U.S. treasuries \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| U.S. treasuries \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	55,199	47,646
Fair Value, Measurements, Recurring \| Agencies \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Agencies \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	55,199	47,646
Fair Value, Measurements, Recurring \| Agencies \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Municipal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	6,164	509,802
Fair Value, Measurements, Recurring \| Municipal \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Municipal \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	6,164	509,802
Fair Value, Measurements, Recurring \| Municipal \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-U.S. government (Sovereign debt)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	298,811	287,660
Fair Value, Measurements, Recurring \| Non-U.S. government (Sovereign debt) \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-U.S. government (Sovereign debt) \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	298,811	287,660
Fair Value, Measurements, Recurring \| Non-U.S. government (Sovereign debt) \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-U.S. government-backed corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	185,640	163,651
Fair Value, Measurements, Recurring \| Non-U.S. government-backed corporate \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-U.S. government-backed corporate \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	185,640	163,651
Fair Value, Measurements, Recurring \| Non-U.S. government-backed corporate \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Corporate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	2,280,080	2,063,459
Fair Value, Measurements, Recurring \| Corporate \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Corporate \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	2,280,080	2,063,459
Fair Value, Measurements, Recurring \| Corporate \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Agency mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	762,077	500,456
Fair Value, Measurements, Recurring \| Agency mortgage-backed \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Agency mortgage-backed \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	762,077	500,456
Fair Value, Measurements, Recurring \| Agency mortgage-backed \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-agency mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	300,311	300,331
Fair Value, Measurements, Recurring \| Non-agency mortgage-backed \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Non-agency mortgage-backed \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	300,311	300,331
Fair Value, Measurements, Recurring \| Non-agency mortgage-backed \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Commercial mortgage-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	248,590	202,062
Fair Value, Measurements, Recurring \| Commercial mortgage-backed \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Commercial mortgage-backed \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	248,590	202,062
Fair Value, Measurements, Recurring \| Commercial mortgage-backed \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Asset-backed
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	315,051	182,725
Fair Value, Measurements, Recurring \| Asset-backed \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Asset-backed \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	315,051	182,725
Fair Value, Measurements, Recurring \| Asset-backed \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed maturity investments	0	0
Fair Value, Measurements, Recurring \| Catastrophe bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	501,025	380,475
Fair Value, Measurements, Recurring \| Catastrophe bonds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Catastrophe bonds \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	501,025	380,475
Fair Value, Measurements, Recurring \| Catastrophe bonds \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Private equity partnerships
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	186,200	196,220
Fair Value, Measurements, Recurring \| Private equity partnerships \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Private equity partnerships \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Private equity partnerships \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Senior secured bank loan funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	14,414	17,574
Fair Value, Measurements, Recurring \| Senior secured bank loan funds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Senior secured bank loan funds \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Senior secured bank loan funds \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Hedge funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	11,561	524
Fair Value, Measurements, Recurring \| Hedge funds \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Hedge funds \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Hedge funds \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investments	0	0
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(2,018)	(2,952)
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	0	0
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	0	0
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(2,018)	(2,952)
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts \| Significant Unobservable Inputs (Level 3) \| Other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets, fair value	2,500	2,500
Fair Value, Measurements, Recurring \| Assumed and ceded (re)insurance contracts \| Significant Unobservable Inputs (Level 3) \| Other liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(4,500)	(5,500)
Fair Value, Measurements, Recurring \| Derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(2,161)
Other assets, fair value		4,636
Fair Value, Measurements, Recurring \| Derivatives \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(95)	(45)
Fair Value, Measurements, Recurring \| Derivatives \| Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	(2,066)
Other assets, fair value		4,681
Fair Value, Measurements, Recurring \| Derivatives \| Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other (liabilities)	$ 0	$ 0