Form: S-8

Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

August 24, 2001

EX-23 CONSENT OF ERNST & YOUNG LLP

Published on August 24, 2001



EXHIBIT 23.1





CONSENT OF INDEPENDENT AUDITORS


To the Board of Directors of
RenaissanceRe Holdings Ltd.

We consent to the incorporation by reference in the registration statement on
Form S-8, pertaining to the RenaissanceRe Holdings Ltd. Second Amended and
Restated 1993 Stock Incentive Plan and RenaissanceRe Holdings Ltd. 2001 Stock
Incentive Plan for the registration of 1,950,000 common shares of RenaissanceRe
Holdings Ltd. issuable pursuant to such plans of our reports dated January 26,
2001 with respect to the consolidated financial statements and schedules of
RenaissanceRe Holdings Ltd. and Subsidiaries included in its Annual Report (Form
10-K) for the year ended December 31, 2000, filed with the Securities and
Exchange Commission.


/s/ Ernst & Young

Hamilton, Bermuda
August 23, 2001