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News Details

RenaissanceRe Chief Executive Officer Adopts 10b5-1 Plan

March 1, 2011

PEMBROKE, Bermuda, Mar 01, 2011 (BUSINESS WIRE) --

RenaissanceRe Holdings Ltd. (NYSE: RNR) today announced that its Chief Executive Officer, Neill A. Currie, has adopted a pre-arranged stock trading plan in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 and RenaissanceRe policies for the purpose of selling limited amounts of his RenaissanceRe equity holdings to diversify his portfolio and to facilitate personal income tax planning.

Rule 10b5-1 permits corporate officers and directors to adopt written, pre-arranged stock trading plans when they do not have material, non-public information, through which they can sell stock over an extended period of time and avoid concerns about whether they had material, non-public information when they sold their stock. In accordance with 10b5-1 rules, the seller will have no discretion over the sale of shares under the plan.

Sales of shares pursuant to the stock trading plan will be reported through Form 4 filings and, if applicable, Form 144 filings with the Securities and Exchange Commission. The plan established for Mr. Currie contemplates the sale, over time, of up to 150,000 fully vested common shares of RenaissanceRe, leaving him with a significant ongoing stake in the Company. The transactions under the plan would commence no earlier than 90 days from the date of its establishment.

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company's business consists of three segments: (1) Reinsurance, which includes catastrophe reinsurance, specialty reinsurance and certain property catastrophe and specialty joint ventures managed by the Company's ventures unit, (2) Lloyd's, which includes reinsurance and insurance business written through Syndicate 1458, and (3) Insurance, which principally includes the Company's Bermuda-based insurance operations.

Cautionary Statement under "Safe Harbor" Provisions of the Private Securities Litigation Reform Act of 1995: Statements made in this news release contain information about the Company's future business plans. These statements may be considered "forward-looking." These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. For further information regarding cautionary statements and factors affecting future results, please refer to RenaissanceRe Holdings Ltd.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2010.

SOURCE: RenaissanceRe Holdings Ltd.

RenaissanceRe Holdings Ltd.
Rohan Pai, 441-295-4513
Director of Investor Relations
Kekst and Company
Peter Hill or Dawn Dover, 212-521-4800