RenaissanceRe increases secured letter of credit facility to $200M

On December 12, 2023, Renaissance Reinsurance Ltd., DaVinci Reinsurance Ltd., Renaissance Reinsurance U.S. Inc., RenaissanceRe Europe AG, RenaissanceRe Specialty U.S. Ltd. (collectively, the “Applicants”) and RenaissanceRe Holdings Ltd. (the “Guarantor” and together with the Applicants, collectively, the “Credit Parties”), and Wells Fargo Bank, National Association (“Wells Fargo”) entered into the Fourth Amendment (the “Amendment”) to the Amended and Restated Standby Letter of Credit Agreement, dated as of June 21, 2019, as amended, amending the existing uncommitted facility under which letters of credit may be issued from time to time for the respective accounts of the Applicants. The Amendment provides for an increase in the amount of secured letters of credit that the Applicants may request from an aggregate amount of $150.0 million to $200.0 million.