SUBSIDIARIES

Published on April 2, 2001




Exhibit 21.1

SUBSIDIARIES OF RENAISSANCERE HOLDINGS LTD.

1. 100% of the issued and outstanding capital shares of Renaissance
Reinsurance Ltd., a company organized under the laws of Bermuda, is
owned by RenaissanceRe Holdings Ltd.

2. 100% of the issued and outstanding capital shares of Glencoe Insurance
Ltd., a company organized under the laws of Bermuda, is owned by
RenaissanceRe Holdings Ltd.

3. 100% of the issued and outstanding capital shares of DeSoto Insurance
Company, a company organized under the laws of Florida, is owned by
Glencoe Insurance Ltd.

4. 100% of the issued and outstanding capital shares of Renaissance
Services Ltd., a company organized under the laws of Bermuda, is owned
by RenaissanceRe Holdings Ltd.

5. 100% of the issued and outstanding capital shares of Renaissance U.S.
Holdings, Inc., a corporation organized under the laws of Delaware, is
owned by RenaissanceRe Holdings Ltd.

6. 100% of the issued and outstanding capital shares of Renaissance
Investment Management Co. Ltd., a company organized under the laws of
Bermuda, is owned by RenaissanceRe Holdings Ltd.

7. 100% of the issued and outstanding capital shares of Nobel Insurance
Company, an insurance company organized under the laws of Texas, is
owned by Renaissance U.S. Holdings Inc.

8. 100% of the issued and outstanding capital shares of DeSoto Prime
Insurance Company, a company organized under the laws of Florida, is
owned by Renaissance U.S. Holdings Inc..

9. 100% of the issued and outstanding capital shares of Nobel Service
Corporation, a corporation organized under the laws of Texas, is owned
by Nobel Insurance Company.

10. 100% of the issued and outstanding capital shares of Paget Insurance
Agency, Inc., a corporation organized under the laws of Florida, is
owned beneficially by Renaissance U.S. Holdings Inc.

11. 100% of the issued and outstanding capital shares of Pembroke Managing
Agents, Inc., a corporation organized under the laws of Florida, is
owned beneficially by Renaissance U.S. Holdings Inc.

12. 50% of the issued and outstanding capital shares of Top Layer
Reinsurance Ltd., a company organized under the laws of Bermuda, is
owned by Renaissance Reinsurance Ltd.

13. 99% of the issued and outstanding capital shares of Renaissance
Reinsurance of Europe, a company organized under the laws of Ireland,
is owned by Renaissance Reinsurance Ltd., with the remaining 1% owned
by RenaissanceRe Holdings Ltd.

14. 100% of the Common Securities of RenaissanceRe Capital Trust, a
Delaware statutory business trust, are owned by RenaissanceRe Holdings
Ltd. Such Common Securities represent approximately 3% of the
outstanding beneficial interests in the Trust, and 100% of the ordinary
voting power.


15. 100% of the issued and outstanding capital shares of Renaissance
Underwriting Managers, Ltd., a company organized under the laws of
Bermuda, is owned by RenaissanceRe Holdings Ltd.

16. 100% of the issued and outstanding capital shares of Wyndham Partners
Consulting, Ltd., a Virginia corporation, is owned by Renaissance U.S.
Holdings, Inc.