Form: S-3

Registration statement for specified transactions by certain issuers

August 18, 1998

CONSENT OF ERNST & YOUNG

Published on August 18, 1998




Exhibit 23.1

Consent of Independent Auditors

The Board of Directors
of RenaissanceRe Holdings Ltd.:

We consent to the reference to our firm under the caption "Experts" in
the Registration Statement (Form S-3 No. 333- ) and related Prospectus of
RenaissanceRe Holdings Ltd. for the registration of 318,213 shares of its common
stock and to the incorporation by reference therein of our report dated January
14, 1998 with respect to the consolidated financial statements and schedules of
RenaissnceRe Holdings Ltd. and Subsidiaries included in its Annual Report (Form
10-K) for the year ended December 31, 1997, filed with the Securities and
Exchange Commission.

/s/ Ernst & Young

Hamilton, Bermuda
August 13, 1998