RENAISSANCERE HOLDINGS LTD — Director's Dealing 2014

May 7, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RENAISSANCERE HOLDINGS LTD (RNR)
CIK: 0000913144
Period of Report: 2014-05-05

Reporting Person: Todd Rider Fonner (SVP & CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-05	Common Stock	M	22000	$74.24	Acquired	84557	Direct
2014-05-05	Common Stock	F	18440	$101.42	Disposed	66117	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-05	Non-Qualified Stock Option (Right to Buy)	$74.24	M	22000	Disposed	2014-08-31	RNR Common Stock (22000)	Direct

Footnotes

F1: The transactions reported hereby relate to the exercise of employee stock options originally granted to the Reporting Person under the 2004 Stock Option Incentive Plan on August 31, 2004 with a ten year term.

F2: Includes 7,093 shares from prior awards of Performance Shares which will not be earned as the applicable performance conditions were not met, but will remain outstanding under the terms of the Plan until the time vesting requirement is met, at which point the shares will be cancelled.