LIST OF SUBSIDIARIES

Published on March 15, 2004




EXHIBIT 21.1



SUBSIDIARIES OF RENAISSANCERE HOLDINGS LTD.



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Name Jurisdiction Ownership Interest Held
by its Immediate Parent
- --------------------------------------------------------------------------------
Renaissance Reinsurance Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
Glencoe Group Holdings Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
Glencoe Insurance Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
Glencoe U.S. Holdings Inc. Delaware 100%
- --------------------------------------------------------------------------------
DaVinciRe Holdings Ltd. Bermuda (1)
- --------------------------------------------------------------------------------
DaVinci Reinsurance Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
Lantana Insurance Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
Renaissance Reinsurance of Europe Ireland 99%(2)
- --------------------------------------------------------------------------------
Renaissance Underwriting Managers Ltd. Bermuda 100%
- --------------------------------------------------------------------------------
RenaissanceRe Capital Trust Delaware (3)
- --------------------------------------------------------------------------------
Stonington Insurance Company Texas 100%(4)
- --------------------------------------------------------------------------------

(1) We own 25% DaVinciRe's outstanding equity but control a majority of its
outstanding voting power, and accordingly, DaVinciRe's financial results
are consolidated in our financial statements.
(2) A 1% interest is held by RenaissanceRe Holdings Ltd.
(3) Common Securities owned represent 3% of the outstanding beneficial
interests in the Capital Trust, and 100% of the ordinary voting power.
(4) Owned by Glencoe U.S. Holdings Inc.


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.