Form: S-8

Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

August 7, 1998

CONSENT OF AUDITORS

Published on August 7, 1998




EXHIBIT 24.1

CONSENT OF INDEPENDENT AUDITORS

To the Board of Directors of
RenaissanceRe Holdings Ltd.

We consent to the incorporation by reference in the registration statement (No.
333- ) on Form S-8 of RenaissanceRe Holdings Ltd. of our report dated
January 14, 1998, relating to the consolidated financial statements of
RenaissanceRe Holdings Ltd. as of and for the years ended December 31, 1997 and
1996 and for each of the years in the three year period ended December 31, 1997
and our report dated January 14, 1998 on the schedules included in the Company's
1997 Annual Report on Form 10-K, which reports are incorporated by
reference\included in the December 31, 1997 Annual Report on Form 10-K of
RenaissanceRe Holdings Ltd.




/s/ Ernst & Young




Hamilton, Bermuda
July 29, 1998