RenaissanceRe Upgraded

The FSR of Renaissance Reinsurance Ltd., Hamilton, Bermuda, was upgraded from “A” to “A+” by A.M. Best. The rating action also applies to the company’s substantially reinsured subsidiary, Renaissance Reinsurance of Europe. The “A-” FSR on Glencoe Insurance Ltd. and the “B+” FSR of Nobel Insurance Company, both subsidiaries of RenaissanceRe Holdings Ltd., were affirmed. In addition, the existing trust preferred securities issued by RenaissanceRe Capital Trust were assigned a rating of “bbb+.”