RenRe Names Robert Lamendola Sr. VP; James Lewis VP

October 28, 2003

Bermuda’s RenaissanceRe Holdings Ltd. announced the appointment of Robert J. Lamendola as Senior Vice President to lead the continued development of its surety reinsurance business, and James R. Lewis as Vice President, who will focus on the development of a medical malpractice reinsurance business for the Company.

“We are very pleased to welcome Bob and Jamie to Renaissance and believe that the particular skill sets they bring will contribute significantly to the continued development of our rapidly growing specialty reinsurance business unit, giving our specialty team additional depth and breadth,” stated Chairman and CEO James N. Stanard. “Both will work in the specialty reinsurance area which is headed by Michael W. Cash, Senior Vice President, Renaissance Reinsurance Ltd., and together with the other members of our team will further develop our specialty lines into core parts of our strategic business model.

“Our continued expansion of our specialty lines is consistent with one of RenRe’s established strengths: applying the strong underwriting skills of our people and systems to areas where dislocations are creating opportunities for long-term franchise value,” Stanard continued.

The announcement noted that Lamendola, 59, “joins Renaissance Reinsurance after serving for 11 years as President and CEO of Surety and Construction at The St. Paul Companies, Inc. Prior to joining The St. Paul, he served as Managing Director of Marsh Inc.”

Stanard described him as “one of our industry’s foremost experts on the surety business,” and indicated that “his substantial knowledge of the markets in this area will enhance our ability to identify key issues in the underlying surety market.”

Lewis, 38, joins RenRe after serving as Deputy Underwriter at Kiln Syndicate 1204, a Lloyds syndicate specializing in medical malpractice insurance. “He has over 12 years experience in an underwriting role, focusing on medical malpractice in the London Market,” said the announcement. Stanard observed that his “experience as a recognized lead underwriter of medical malpractice insurance and reinsurance will allow us to enter this new area where the strong RenaissanceRe balance sheet should be attractive to buyers.

“We are fortunate that in Bob Lamendola and Jamie Lewis we are adding two senior, highly seasoned executives to the overall leadership of RenaissanceRe, and we look forward to having the benefit of their knowledge and guidance,” he concluded.

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