SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on December 10, 1997
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 4
RenaissanceRe Holdings Ltd.
(Name of Issuer)
Common Shares, par value $1.00 per share
(Title of Class of Securities)
G7496G103
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
- -----------------------------
CUSIP No. G7496G103 13G
- -----------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus Investors, L.P.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,873,402
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,873,402
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,873,402
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
2
- ------------------------------
CUSIP No. G7496G103 13G
- ------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Warburg, Pincus & Co.
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,873,402
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,873,402
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,873,402
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
3
- --------------------------------
CUSIP No. G7496G103 13G
- --------------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
E.M. Warburg, Pincus & Co., LLC
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
-0-
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,873,402
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON -0-
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
3,873,402
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,873,402
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
17.3%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
4
Introductory Statement
On November 21, 1997, Warburg, Pincus Investors, L.P., a Delaware limited
partnership ("WPI"), sold 1,662,500 Common Shares, par value $1.00 per share
(the "Common Shares") of RenaissanceRe Holdings Ltd., a company organized under
the laws of Bermuda (the "Company"), in an underwritten public offering at a
price to the public of $42.00 per share. On December 8, 1997, WPI sold an
additional 58,917 Common Shares to cover overallotment options. Subsequent to
the foregoing transactions, WPI owns 3,837,402 Common Shares, representing
approximately 17.3% of the outstanding Common Shares and approximately 18.0% of
the Company's outstanding voting power.
Item 1(a). Name of Issuer:
RenaissanceRe Holdings Ltd. (the "Issuer").
Item 1(b). Address of Issuer's Principal Executive
Offices:
Renaissance House
8-12 East Broadway
Pembroke HM 19 Bermuda
Items 2(a) Name of Person Filing; Address of
and (b). Principal Business Office:
This statement is filed by and on behalf of
(a) Warburg, Pincus Investors, L.P., a
Delaware limited partnership ("WPI"); (b)
Warburg, Pincus & Co., a New York general
partnership ("WP"); and (c) E.M. Warburg,
Pincus & Co., LLC, a New York limited
liability company ("EMW LLC"), which manages
WPI. WP, as the sole general partner of WPI,
has a 20% interest in the profits of WPI.
Lionel I. Pincus is the managing partner of
WP and the managing member of EMW LLC and may
be deemed to control both WP and EMW LLC. The
members of EMW LLC are substantially the same
as the partners of WP. Kewsong Lee, Howard H.
Newman and David A. Tanner, each a director
of the Issuer, are Managing Directors and
members of EMW LLC and general partners of
WP. Each of Messrs. Lee, Newman, and Tanner
disclaims
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beneficial ownership, for purposes of Rule
13d-3 under the Securities Exchange Act of
1934, as amended, or otherwise, of the Common
Shares beneficially owned by WPI. The
business address of each of the foregoing is
466 Lexington Avenue, New York, New York
10017.
Item 2(c). Citizenship:
Not Applicable.
Item 2(d). Title of Class of Securities:
Common Shares, par value $1.00 per share (the
"Common Shares"), of the Issuer.
Item 2(e). CUSIP Number:
G7496G103.
Item 3. Not Applicable.
Item 4. Ownership:
(a) 3,873,402 Common Shares, as of
December 8, 1997.
(b) 17.3%
(c) (i) -0-
(ii) 3,873,402
(iii) -0-
(iv) 3,873,402
Item 5. Ownership of Five Percent or Less of a
Class:
Not Applicable.
Item 6. Ownership of More than Five Percent on
Behalf of Another Person:
Not Applicable.
Item 7. Identification and Classification of the
Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
Not Applicable.
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Item 8. Identification and Classification of
Members of the Group:
Not Applicable.
Item 9. Notice of Dissolution of Group:
Not Applicable.
Item 10. Certification:
Not Applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: December 10, 1997
WARBURG, PINCUS INVESTORS, L.P.
By: Warburg, Pincus & Co.,
General Partner
By: /s/ Stephen Distler
Name: Stephen Distler
Title: Partner
WARBURG, PINCUS & CO.
By: /s/ Stephen Distler
Name: Stephen Distler
Title: Partner
E.M. WARBURG, PINCUS & CO., LLC
By: /s/ Stephen Distler
Name: Stephen Distler
Title: Member
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