SUBSIDIARIES

Published on March 31, 2003




Exhibit 21.1

SUBSIDIARIES OF RENAISSANCERE HOLDINGS LTD.



Ownership
Interest Held by
its Immediate
Name Jurisdiction Parent
- ------------------------------------------- --------------------------- -------------------

Renaissance Reinsurance Ltd. Bermuda 100%
Glencoe Insurance Ltd. Bermuda 100%
Renaissance Underwriting Managers Ltd. Bermuda 100%
DaVinciRe Holdings Ltd.(1) Bermuda 100%
Stonington Insurance Company(2) Texas 100%
Renaissance Reinsurance of Europe(3) Ireland 99%
Renaissance U.S. Holdings, Inc. Delaware 100%
RenaissanceRe Capital Trust(4) Delaware Business Trust 100%



(1) We own a minority of DaVinciRe's outstanding equity but control a majority
of its outstanding voting power, and accordingly, DaVinci's financial
results are consolidated in our financial statements.

(2) Owned by Renaissance U.S. Holdings Inc.

(3) A 1% interest is held by RenaissanceRe Holdings Ltd.

(4) Common Securities owned represent 3% of the outstanding beneficial
interests in the Trust, and 100% of the ordinary voting power.

The names of a number of our subsidiaries and equity entities have been omitted
because considered in the aggregate they would not constitute a single
significant subsidiary.