NOTICE OF GUARANTEED DELIVERY
Published on July 25, 1997
EXHIBIT 99.2
FORM OF
NOTICE OF GUARANTEED DELIVERY
FOR TENDER OF
8.54% SERIES A CAPITAL SECURITIES
(LIQUIDATION AMOUNT $1,000 PER CAPITAL SECURITY)
OF
RENAISSANCERE CAPITAL TRUST
FULLY AND UNCONDITIONALLY GUARANTEED BY
RENAISSANCERE HOLDINGS LTD.
This Notice of Guaranteed Delivery, or one substantially equivalent to this
form, must be used to accept the Exchange Offer (as defined below) if (i) the
procedures for delivery by Agent's Message (as defined in the Prospectus
referred to below) or by book-entry transfer cannot be completed on a timely
basis, (ii) certificates for the Trust's (as defined below) 8.54% Series A
Capital Securities (the "Old Capital Securities") are not immediately
available or (iii) Old Capital Securities, the related Letter of Transmittal
and all other required documents cannot be delivered to The Bank of New York
(the "Exchange Agent") on or prior to the Expiration Date (as defined in the
Prospectus). This Notice of Guaranteed Delivery may be delivered by hand,
overnight courier or mail, or transmitted by facsimile transmission, to the
Exchange Agent. See "The Exchange Offer--Procedures for Tendering Old Capital
Securities" in the Prospectus. In addition, except for a participant in the
book-entry transfer facility system who transfers the Old Capital Securities
by an Agent's Message, in order to utilize the guaranteed delivery procedure
to tender Old Capital Securities pursuant to the Exchange Offer, a completed,
signed and dated Letter of Transmittal relating to the Old Capital Securities
(or facsimile thereof) must also be received by the Exchange Agent on or prior
to the Expiration Date. Capitalized terms not defined herein have the meanings
assigned to them in the Prospectus.
The Exchange Agent for the Exchange Offer is:
THE BANK OF NEW YORK
By Registered or Certified Mail: By Hand or Overnight Delivery:
The Bank of New York The Bank of New York
101 Barclay Street, Floor 7 101 Barclay Street
East Corporate Trust Services
New York, New York 10286 Window
Attention: Enrique Lopez Ground Floor
Reorganization Section New York, New York 10286
Attention: Enrique Lopez
Reorganization Section
Confirm by Telephone:
(212) 815-2742
Facsimile Transmissions:
(ELIGIBLE INSTITUTIONS ONLY)
(212) 815-6339
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE OR TRANSMISSION OF THIS NOTICE OF GUARANTEED DELIVERY VIA A
FACSIMILE TO A NUMBER OTHER THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A
VALID DELIVERY.
THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE
SIGNATURES. IF A SIGNATURE ON A LETTER OF TRANSMITTAL IS REQUIRED TO BE
GUARANTEED BY AN "ELIGIBLE INSTITUTION" UNDER THE INSTRUCTIONS THERETO, SUCH
SIGNATURE GUARANTEE MUST APPEAR IN THE APPLICABLE SPACE PROVIDED IN THE
SIGNATURE BOX ON THE LETTER OF TRANSMITTAL.
LADIES AND GENTLEMEN:
The undersigned hereby tenders to RenaissanceRe Capital Trust, a statutory
business trust formed under the laws of Delaware (the "Trust"), upon the terms
and subject to the conditions set forth in the Prospectus dated July , 1997
(as the same may be amended or supplemented from time to time, the
"Prospectus"), and the related Letter of Transmittal (which, together with the
Prospectus, constitutes the "Exchange Offer"), receipt of which is hereby
acknowledged, the aggregate principal amount of Old Capital Securities set
forth below, pursuant to the guaranteed delivery procedures set forth in the
Prospectus under the caption "The Exchange Offer--Procedures for Tendering Old
Capital Securities."
Aggregate Principal Amount Name(s) of Registered Holder(s):
Tendered: ---------------------------* --------------------------------------
Certificate No(s). (if available): --- Address(es): -------------------------
- -------------------------------------- --------------------------------------
If Old Capital Securities will be Area Code and Telephone Number(s): ---
tendered by book-entry transfer, --------------------------------------
provide the following information: Signature(s): ------------------------
DTC Account Number: ------------------ --------------------------------------
Date: -------------------------------- --------------------------------------
* Must be in denominations of a Liquidation Amount of $1,000 and any integral
multiple thereof, and not less than $100,000 aggregate Liquidation Amount.
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All authority herein conferred or agreed to be conferred shall survive the
death or incapacity of the undersigned and every obligation of the undersigned
hereunder shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned.
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PLEASE SIGN HERE
x ------------------------------------ --------------------------------------
x ------------------------------------ --------------------------------------
Signature(s) of Owner(s) Date
or Authorized Signatory
Area Code and
Telephone Number:---------------------
Must be signed by the holder(s) of the Old Capital Securities as their
name(s) appear(s) on certificates for Old Capital Securities or on a security
position listing, or by person(s) authorized to become registered holder(s) by
endorsement and documents transmitted with this Notice of Guaranteed Delivery.
If signature is by a trustee, executor, administrator, guardian, attorney-in-
fact, officer or other person acting in a fiduciary or representative
capacity, such person must set forth his or her full title below.
Please print name(s) and address(es)
Name(s): ------------------------------------------------------------------
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Capacity: ------------------------------------------------------------------
Address(es): ------------------------------------------------------------------
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THE GUARANTEE ON THE REVERSE SIDE MUST BE COMPLETED
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a firm or other entity identified in Rule 17Ad-15 (the
"Rule") promulgated under the Securities Exchange Act of 1934, as amended, as
an "eligible guarantor institution," including (as such terms are defined in
the Rule): (i) a bank; (ii) a broker, dealer, municipal securities broker,
municipal securities dealer, government securities broker or government
securities dealer; (iii) a credit union; (iv) a national securities exchange,
registered securities association or clearing agency; or (v) a savings
association that is a participant in a Securities Transfer Association
recognized program (each of the foregoing being referred to as an "Eligible
Institution"), hereby guarantees to deliver to the Exchange Agent, at one of
its addresses set forth above, either the Old Capital Securities tendered
hereby in proper form for transfer, or confirmation of the book-entry transfer
of such Old Capital Securities to the Exchange Agent's account at The
Depository Trust Company ("DTC"), pursuant to the procedures for book-entry
transfer set forth in the Prospectus and, except in the case of a participant
in the book-entry transfer facility system who transfers the Old Capital
Securities by an Agent's Message, together with one or more properly completed
and duly executed Letter(s) of Transmittal (or facsimile thereof) and any other
required documents within three business days after the date of execution of
this Notice of Guaranteed Delivery.
The undersigned acknowledges that it must deliver the Letter(s) of
Transmittal and the Old Capital Securities tendered hereby to the Exchange
Agent within the time period set forth above and that failure to do so could
result in a financial loss to the undersigned.
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Name of Firm (Authorized Signature)
- -------------------------------------- --------------------------------------
Address Title
- -------------------------------------- --------------------------------------
Zip Code (Name--Please type or print)
Area Code and Telephone Number: ------ Date: --------------------------------
NOTE: DO NOT SEND OLD CAPITAL SECURITIES WITH THIS NOTICE OF GUARANTEED
DELIVERY. ACTUAL SURRENDER OF OLD CAPITAL SECURITIES MUST BE MADE PURSUANT TO,
AND BE ACCOMPANIED BY, A PROPERLY COMPLETED AND DULY EXECUTED LETTER OF
TRANSMITTAL AND ANY OTHER REQUIRED DOCUMENTS.
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