Form: S-8

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

October 1, 2004

Documents

CONSENT OF ERNST & YOUNG LLP

Published on October 1, 2004



EXHIBIT 23.1



CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in the Registration Statement on
Form S-8, pertaining to the RenaissanceRe Holdings Ltd. 2004 Stock Option
Incentive Plan for the registration of 6,000,000 common shares of RenaissanceRe
Holdings Ltd. of our reports dated January 30, 2004, with respect to the
consolidated financial statements and schedules of RenaissanceRe Holdings Ltd.
included in its Annual Report (Form 10-K) for the year ended December 31, 2003,
filed with the Securities and Exchange Commission.

/s/ Ernst & Young

Hamilton, Bermuda
October 1, 2004