RenaissanceRe 8K to Participate in Fox-Pitt Kelton’s Bermuda in Boston Conference | RNR 14 Sep 09

RenaissanceRe

Holdings Ltd.

Fox-Pitt Kelton

Cochran Caronia Waller

Bermuda in Boston Investor Conference

September 2009

Exhibit 99.2

Safe Harbor Statement

Cautionary Statement under "Safe Harbor” Provisions of the Private Securities Litigation Reform Act

of 1995:

Statements made in this presentation contain information about the Company's future business

prospects. These statements may be considered "forward-looking." These statements are subject

to risks and uncertainties that could cause actual results to differ materially from those set forth in or

implied by such forward-looking statements. Forward-looking statements are only as of the date

they are made and we do not undertake any obligation to update or revise publicly any forward-

looking statements, whether as a result of new information, future events or otherwise. For further

information regarding cautionary statements and factors affecting future results, please refer to

RenaissanceRe Holdings Ltd.’s filings with the Securities and Exchange Commission, including its

Annual Report on Form 10-K for the year ended December 31, 2008, and its quarterly reports on

Form 10-Q for the quarters ended March 31, 2009 and June 30, 2009.

This presentation includes certain non-GAAP financial measures within the meaning of Regulation

G including "tangible book value per common share plus accumulated dividends”, “operating ROE”

and “managed catastrophe premium”. A definition of such measures and a reconciliation of these

measures to the most comparable GAAP figures in accordance with Regulation G is available in the

Company's July 28, 2009 Earnings Release and Financial Supplement, and in the Company’s

2003-2009

“Investor Information/Current News” or “Investor Information/ Financial Reports”.

Annual

Reports.

which

are

located

the

Company's

website

www.renre.com

under

Table of Contents

The Company: RenaissanceRe

at a Glance

Holdings Overview: A Consistent Strategy

Our Strategy: Focusing on Our Competitive Strengths

Ventures: Leveraging and Expanding Our Franchise

Summary: Well-Positioned for the Future

RenaissanceRe

at a Glance

Established in Bermuda in 1993 to write principally property catastrophe reinsurance,

RenaissanceRe

is today a leading global provider of reinsurance and insurance

coverage and

related services

Traded on New York Stock Exchange (RNR)

Market cap of $3.5 billion as of September 10, 2009

Leading financial strength ratings of AA--from Standard & Poor’s and A+ from A.M. Best

with stable outlooks for Renaissance Reinsurance Ltd.

Operating ROE * has averaged 18%, and tangible book value per common share plus

accumulated dividends* has grown at a compounded annual rate of 17% since 1999

Underwrote $1.7 billion of GPW in 2008, in catastrophe reinsurance (57% of GPW),

specialty reinsurance (9% of GPW) and Individual Risk (34% of GPW)

* Information concerning the reconciliation of non-GAAP measures can be found at the beginning of this presentation.

HOLDINGS OVERVIEW: A

CONSISTENT STRATEGY

We Have Generated Superior Shareholder Value

Across Market Cycles

Legend: Blue =TBVPS; Green = accumulated dividends

*Information concerning the reconciliation of Non-GAAP measures can be found at the beginning of this presentation.

** Compounded annual growth rate

Goal Remains to Grow Tangible Book Value Per Common Share (TBVPS)

Plus Accumulated Dividends* by Over 15% Over the Long-Term

1993-2009: 21% CAGR**

1999-2009: 17% CAGR**

Disciplined Diversification Has Been Key to Our Success

Note: Information concerning reconciliation of non-GAAP measures and cautionary information with respect to the 2009 projections can be found at the

beginning of this presentation.

* 2009 projected premiums calculated as managed catastrophe premiums up 20%, individual risk premiums down 10%, and specialty reinsurance

premiums down 20%. These estimates were disclosed on the Company’s July 29, 2009 earnings call for the quarter ended June 30, 2009.

Historical Gross Written Premiums ($ in millions)

** Joint venture premiums included in results for catastrophe and specialty reinsurance units

OUR STRATEGY: FOCUSING

ON OUR COMPETITIVE

STRENGTHS

We Have Important Competitive Advantages

Our Focus Remains the Same…

We Screen New Opportunities With a Consistent Framework

Seek Opportunities That Meet Our Return Hurdles and Fit Our Business Model

Market

Opportunity

Credible Data/

Decision Support

Tools

Cultural Fit

VENTURES: LEVERAGING AND

EXPANDING OUR FRANCHISE

Leveraging and Expanding Our Franchise

Managed Risk Capital

Venture Capital

RenRe Energy Advisors Ltd. (REAL)

Weather Predict Consulting

Why the Ventures Strategy Works

A superior reinsurance product offering with a track record of strong

underwriting results

Transaction specific coordination between Ventures, Reinsurance and

Individual Risk

Record of providing timely solutions to client needs

Underwriting management group with over ten years of experience in

managing third party capital

A track record of delivering strong returns to investors

Timeline of Joint Venture Innovation

* Top Layer Re’s

capital includes a $3.9 billion stop loss reinsurance cover provided by State Farm

The Way We See the World

Investment Banks

Private Equity

Ceding Partners

Public Equity

Reinsurance

Insurance

Joint Ventures

Retrocession

Reinsurance

Admitted Insurance

Excess & Surplus Lines

Swaps/ Index/ ILW

State/National/Other

Pools

Pensions/Endowments

Insurance Companies

Capital Channels/ Partner Types

Risk Channels/ Sources

Hedge Funds

Managed Risk Capital

Cat Bonds

Managed Accounts/

Funds

Platforms

Debt –

Banks & Others

Side Cars

Note: Areas shaded blue represent entities that are 100% owned by RenaissanceRe; orange represents CPP arrangements, and green represents joint

venture entities that are managed by RenaissanceRe

Renaissance

Reinsurance Ltd.

Capital -

$1.6 billion

2008 GPW -

$789 million

RNR share 100%

Catastrophe

Portfolio

Participation

(CPPs)

DaVinci

Reinsurance Ltd.

Capital -

$1.3 billion

2008 GPW -

$367

million

RNR share -

38%

(Fees + comm. +

equity participation)

Side-cars

(Expense override +

comm. + equity

participation)**

Top Layer Reinsurance Ltd.

Capital -

$4.0 billion*

2008 GPW -

$55 million

RNR share 50%

(Expense override + equity

participation)

* Includes a $3.9 billion stop loss reinsurance cover provided by State Farm

Managed Cat Risk Capital---Overview

** All side-car vehicles other than Timicuan-Re-II-receive-an-expense-override

Comparison of Retained and Managed Cat* Premiums

Legend: Blue = Catastrophe premiums retained by RenaissanceRe; Green = Premiums written on third party capital, including-the-CPP-product

*Information concerning the reconciliation of non-GAAP measures can be found at the beginning of this presentation.

Historical Gross Written Premiums ($ in millions)

SUMMARY: WELL POSITIONED

FOR THE FUTURE

RenaissanceRe

is Well Positioned for the Future

Our leadership position in the property catastrophe reinsurance business

allows us to match the right capital with the right risk at the right time

We continually strive to strengthen our position as a leader in property cat

reinsurance with superior risk analytics

We are focused on managing our assets efficiently, and maintaining a strong

balance sheet and capitalization

Our

organization

strengthened

new

talent,

widening

our

breadth

expertise

We believe our distinctive corporate culture remains a key competitive

advantage

We believe we are well positioned to continue to deliver responsive solutions,

to seize attractive opportunities when they arise, and to generate superior

shareholder value in the years ahead

RenaissanceRe Holdings Ltd.

Renaissance House

8–20 East Broadway

Pembroke, HM 19

Bermuda

Tel: (441) 295-4513

RenaissanceRe (RNR) 8-KRenaissanceRe to Participate in Fox-Pitt Kelton’s Bermuda in Boston Conference