SUBSIDIARIES OF THE REGISTRANT

Published on August 14, 1998




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 shares of Paget Insurance Agents,
Inc., a corporation organized under the laws of Florida, is owned by
RenaissanceRe Holdings Ltd.

5. 100% of the issued and outstanding shares of Pembroke Managing Agents,
Inc., a corporation organized under the laws of Florida, is owned by
RenaissanceRe Holdings Ltd.

6. 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.

7. 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.

8. 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.

9. 100% of the issued and outstanding capital shares of Nobel Service
Corporation, a corporation organized under the laws of Texas, is owned
by Renaissance U.S. Holdings Inc.

10. 100% of the issued and outstanding capital shares of IAS Claim Services,
Inc., a corporation organized under the laws of Delaware, is owned by
Renaissance U.S. Holdings Inc.

11. 100% of the issued and outstanding capital shares of Nobel Insurance
Agency, Inc., a corporation organized under the laws of Texas, is owned
beneficially by Renaissance U.S. Holdings Inc.

12. 100% of the issued and outstanding capital shares of Nobel Managing
Agents, Inc., a corporation organized under the laws of Texas, is owned
by Nobel Insurance Company.


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