Form: 8-A12B

Form for the registration / listing of a class of securities on a national securities exchange pursuant to Section 12(b)

February 3, 2003

Documents

FORM OF SHARE CERTIFICATE

Published on February 3, 2003




7.30% SERIES B PREFERENCE SHARES 7.30% SERIES B PREFERENCE SHARES

[RENAISSANCERE HOLDINGS LTD. CORPORATE LOGO]
RHPB
RenaissanceRe Holdings Ltd.

Incorporated in the Islands of Bermuda Authorized 4,000,000 7.30% Series B Preference Shares CINS G7498P 20 0
Under the Companies Act 1981 having a par value of US$1.00 each
This Certificate is Transferable in
Ridgefield Park, NJ or New York, NY

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THIS IS TO CERTIFY THAT





is the registered holder of
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FULLY PAID AND NON-ASSESSABLE 7.30% SERIES B PREFERENCE SHARES OF PAR VALUE US$1.00 EACH OF
RenaissanceRe Holdings Ltd.

7.30% Series B preference shares certificate

Secretary Chairman of the Board and Chief
Executive Officer










RenaissanceRe Holdings Ltd.

The Company will furnish without charge, to each shareholder who so
requests, a copy of the provisions setting forth the designations, preferences
and relative, participating, optional or other special rights of each class of
shares or series thereof which the Company is authorized to issue, and the
qualifications, limitations or restrictions of such preferences and/or rights.
Any such request may be addressed to the Secretary of the Company or to the
Transfer Agent named on the face hereof.

The following abbreviations, when used in the inscription on the face of
this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations:



TEN COM -as tenants in common UNIF GIFT MIN ACT- ____________ Custodian_________
TEN ENT -as tenants by the entities (Cust) (Minor)
JT TEN -as joint tenants with under Uniform Gifts to Minors
right of survivorship and Act____________________
not as tenants in common (State)


Additional abbreviations may also be used though not in the above list.




For value received, _______________ hereby sell, assign and transfer unto

PLEASE INSERT SOCIAL SECURITY
OR OTHER
IDENTIFYING NUMBER OF ASSIGNEE
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(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING SIP CODE, OF
ASSIGNEE)

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shares

represented by the within certificate, and do hereby irrevocably
constitute and appoint


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Attorney


to transfer the said stock on the books of the within named Company with
full power of substitution in the premises.

Dated
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X
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The signature to this assignment must
NOTICE correspond with the name as written
upon the face of the certificate in
every particular, without alteration or
enlargement, or any change whatsoever
Signature(s) Guaranteed:

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THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS
WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM),
PURSUANT TO S.E.C. RULE 17a3-15.