A.M. Best Assigns Rating to RenaissanceRe Holdings Ltd.’s Series E Preferred Shares

  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
greg.reisner@ambest.com
or
Peter Dickey
Assistant Vice President
(908) 439-2200, ext. 5053
peter.dickey@ambest.com
or
Rachelle Morrow
Senior Manager, Public Relations
(908) 439-2200, ext. 5378
rachelle.morrow@ambest.com
or
Jim Peavy
Assistant Vice President, Public Relations
(908) 439-2200, ext. 5644
james.peavy@ambest.com
 
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