EXHIBIT 21.1



                   SUBSIDIARIES OF RENAISSANCERE HOLDINGS LTD.



- --------------------------------------------------------------------------------
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%
- --------------------------------------------------------------------------------
Renaissance Investment Holdings Ltd.     Bermuda                 100%
- --------------------------------------------------------------------------------
Renaissance Investment Management
  Company Limited                        Bermuda                 100%
- --------------------------------------------------------------------------------
DaVinciRe Holdings Ltd.                  Bermuda                 (1)
- --------------------------------------------------------------------------------
DaVinci Reinsurance Ltd.                 Bermuda                 100%
- --------------------------------------------------------------------------------
Renaissance Underwriting Managers Ltd.   Bermuda                 100%
- --------------------------------------------------------------------------------
Stonington Insurance Company             Texas                   100%(2)
- --------------------------------------------------------------------------------

(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)  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.