A.M. Best Assigns Rating to RenaissanceRe Holdings Ltd.’s Series E Preferred Shares Business Wire OLDWICK, N.J. -- May 21, 2013 A.M. Best Co. has assigned a debt rating of “bbb” to the $275 million 5.375% Series E non-cumulative redeemable preferred shares of RenaissanceRe Holdings Ltd. (RenRe) (Bermuda) (NYSE: RNR). The assigned outlook is stable. The proceeds from the issuance are expected to be used by RenRe to repurchase the outstanding Series D preferred securities and a portion of the Series C preferred securities. Financial leverage and coverage measures remain within A.M. Best’s guidelines for the assigned rating. The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology. A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED. Contact: A.M. Best Co. Greg Reisner Managing Senior Financial Analyst (908) 439-2200, ext. 5224 firstname.lastname@example.org or Peter Dickey Assistant Vice President (908) 439-2200, ext. 5053 email@example.com or Rachelle Morrow Senior Manager, Public Relations (908) 439-2200, ext. 5378 firstname.lastname@example.org or Jim Peavy Assistant Vice President, Public Relations (908) 439-2200, ext. 5644 email@example.com
A.M. Best Assigns Rating to RenaissanceRe Holdings Ltd.’s Series E Preferred Shares
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