Form: 3

Initial statement of beneficial ownership of securities

March 2, 2009

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
BRANAGAN IAN D

(Last) (First) (Middle)
RENAISSANCE HOUSE
8-20 EAST BROADWAY

(Street)
HAMILTON D0 HM19

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/18/2009
3. Issuer Name and Ticker or Trading Symbol
RENAISSANCERE HOLDINGS LTD [ RNR ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Risk Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 42,060(1) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) 03/03/2009(2) 03/03/2018 Common Stock 18,814 53.86 D
Non-Qualified Stock Option (right to buy) 03/01/2008(2) 03/01/2017 Common Stock 23,762 51.13 D
Non-Qualified Stock Option (right to buy) 03/21/2007(2) 03/21/2016 Common Stock 5,122 42.66 D
Non-Qualified Stock Option (right to buy) 01/03/2007(2) 01/03/2016 Common Stock 20,993 44.3 D
Non-Qualified Stock Option (right to buy) 03/21/2006(2) 03/21/2015 Common Stock 4,968 49.1 D
Non-Qualified Stock Option (right to buy) 03/12/2005(2) 03/12/2014 Common Stock 15,644 53.96 D
Non-Qualified Stock Option (right to buy) 06/06/2003(2) 05/04/2010 Common Stock 2,059 45.16 D
Non-Qualified Stock Option (right to buy) 05/16/2004(2) 05/16/2013 Common Stock 8,712 45.43 D
Non-Qualified Stock Option (right to buy) 11/19/2003(2) 11/16/2012 Common Stock 12,000 39.07 D
Non-Qualified Stock Option (right to buy) 05/13/2002(2) 05/04/2010 Common Stock 2,406 38.65 D
Non-Qualified Stock Option (right to buy) 08/31/2009(3) 08/31/2014 Common Stock 52,500 74.24 D
Explanation of Responses:
1. Comprised of 30,724 Common Shares which have vested and 11,336 Common Shares which have not vested. All of such shares vest ratably in four equal annual installments from the respective dates of grants.
2. All of such options vest ratably in four equal annual installments from the respective dates of grants. The Date Exercisable is the first vesting date of each individual option.
3. Such options vest in their entirety on the fifth anniversary of date of grant.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/Anthony Szydlowski, Attorney-in-fact 03/02/2009
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.