RENAISSANCERE HOLDINGS LTD — Director's Dealing 2013

Feb 28, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RENAISSANCERE HOLDINGS LTD (RNR)
CIK: 0000913144
Period of Report: 2013-02-26

Reporting Person: BRANAGAN IAN D (SVP, Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-26	Common Stock	M	52500	$74.24	Acquired	116026	Direct
2013-02-26	Common Stock	F	45512	$85.64	Disposed	70514	Direct
2013-02-26	Common Stock	S	3516	$85.31	Disposed	66998	Direct
2013-02-27	Common Stock	S	6988	$86.88	Disposed	60010	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-26	Non-Qualified Stock Option (Right to Buy)	$74.24	M	52500	Disposed	2014-08-31	RNR Common Stock (52500)	Direct

Footnotes

F1: The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person on August 31, 2004 with a ten year term. The exercise was effected pursuant to the terms of an irrevocable instruction letter adopted by the Reporting Person on November 7, 2012 which includes sale mechanics intended to be substantially identical to a 10b5-1 plan.

F2: This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on February 26, 2013. The exercise was effected pursuant to the terms of an irrevocable instruction letter adopted by the Reporting Person on November 7, 2012 which includes sale mechanics intended to be substantially identical to a 10b5-1 plan.

F3: Represents a weighted average sale price; the sales prices ranged from $85.13 to $85.46. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer.

F4: This form reflects the sale of shares which may be deemed to be beneficially owned by the Reporting Person on February 27, 2013. The exercise was effected pursuant to the terms of an irrevocable instruction letter adopted by the Reporting Person on November 7, 2012 which includes sale mechanics intended to be substantially identical to a 10b5-1 plan.

F5: Represents a weighted average sale price; the sales prices ranged from $86.80 to $86.95. Upon request, the full sale information regarding the number of shares sold at each price increment will be provided to the Commission, the issuer or a security holder of the issuer.