RenaissanceRe Syndicate 1458



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RenaissanceRe Syndicate 1458

RenaissanceRe Syndicate 1458 RenaissanceRe operates at Lloyd s of London through Syndicate 1458, which was established in 2009. RenaissanceRe was founded in 1993 in Bermuda and is a leading global provider of property catastrophe and specialty reinsurance, as well as other insurance coverages.

RenaissanceRe Syndicate 1458 writes on both an insurance and reinsurance basis, including: PROPERTY INSURANCE Worldwide scope Primarily excess of loss participation Programme capacity of $25,000,000 Comfortable as a lead or follow market Open market and delegated authorities PROPERTY REINSURANCE Worldwide scope Catastrophe Excess of Loss / Per Risk / Proportional Programme capacity of $30,000,000 Comfortable as a lead or follow market CASUALTY Medical Malpractice Hospitals, physicians and long-term care Worldwide reinsurance (treaty and facultative) and insurance Programme capacity of $10,000,000 (reinsurance) and $10,000,000 (insurance) Open market and selected delegated authorities Professional Indemnity Errors & Omissions Worldwide proportional and non-proportional reinsurance and insurance Programme capacity of $10,000,000 (reinsurance) and $10,000,000 (insurance) Open market and selected delegated authorities Directors & Officers Worldwide proportional and non-proportional reinsurance Public / Private / Commercial Programme capacity of $10,000,000 General Liability Non-proportional excess of loss reinsurance Global portfolio Programme capacity of $10,000,000 SPECIALTY Agriculture Worldwide catastrophe excess of loss and stop loss Focus on crop exposure Programme capacity of $30,000,000

Trade Credit Support for selected partners through insurance and proportional reinsurance Risk attaching only Programme capacity of $10,000,000 Country and coverage limitations to apply BUSINESS BY LINE FOR 2014* Casualty 56% Property 36% Specialty 8% CASUALTY BY CLASS FOR 2014* Professional Indemnity Treaty 26% Professional Indemnity Insurance 19% Medical Malpractice Treaty 18% General Liability Reinsurance 16% Directors & Officers Reinsurance 11% Medical Malpractice Insurance 10% PROPERTY BY CLASS FOR 2014* Catastrophe XOL 40% Direct & Facultative 38% Quota Share 18% Risk XOL 4% SPECIALTY BY CLASS FOR 2014* Agriculture 86% Surety 14% * As per 2014 Syndicate Business Forecast. RENAISSANCERE SYNDICATE 1458 STAMP CAPACITY (U.S. dollars in millions) 2014 $257 2013 $217 2012 $187

RENAISSANCERE HOLDINGS LTD. BUSINESS MIX Catastrophe Reinsurance We believe we are one of the world s leading providers of property catastrophe reinsurance based on total catastrophe gross premiums written. This is our traditional core business and it is principally written by Renaissance Reinsurance Ltd., RenaissanceRe Syndicate 1458, and joint ventures, principally, DaVinci Reinsurance Ltd., Top Layer Reinsurance Ltd. and Upsilon Reinsurance Fund Opportunities Ltd. We offer this coverage to insurance companies and other reinsurers primarily on an excess of loss basis. We also offer proportional coverage and other structures on a catastrophe-exposed basis. Specialty Reinsurance We offer global specialty products principally on an excess of loss basis through Renaissance Reinsurance Ltd., DaVinci Reinsurance Ltd., and RenaissanceRe Syndicate 1458 at Lloyd s and on a proportional basis through Renaissance Specialty Risks Ltd. In 2013 we launched RenaissanceRe Underwriting Managers U.S. LLC, a specialty reinsurance agency based in Connecticut, to provide treaty reinsurance solutions on both a quota share and excess of loss basis. As a result of our financial strength, we have the ability to provide significant capacity for select risks as well as participate in market placements. Our coverages include, but are not limited to, casualty clash, D&O/E&O, excess casualty, environmental, medical malpractice, political risk, surety, trade credit, agriculture, terrorism and aviation/space. Lloyd s Our Lloyd s segment includes insurance and reinsurance business written for our own account through RenaissanceRe Syndicate 1458. The Syndicate enhances our underwriting platform by providing access to Lloyd s extensive distribution network and worldwide licenses. RenaissanceRe Syndicate 1458 offers a range of property and casualty insurance and reinsurance products including, but not limited to, direct and facultative property, property catastrophe, agriculture, medical malpractice, general liability and professional indemnity. Ventures Our Ventures unit structures and manages joint ventures, investment funds and other strategic investments for the Company. Our principal joint ventures include Top Layer Reinsurance Ltd., DaVinci Reinsurance Ltd. and Upsilon Reinsurance Fund Opportunities Ltd. We also manage the RenaissanceRe Medici Fund, Ltd. and seek to construct other vehicles to provide institutional investors with exposure to reinsurance as an asset class.

RENAISSANCERE HOLDINGS LTD. GROUP STRUCTURE CATASTROPHE & SPECIALTY REINSURANCE VENTURES LLOYD S Renaissance Reinsurance Ltd.* RenaissanceRe Ventures Ltd. RenaissanceRe Syndicate 1458 RenaissanceRe Specialty Risks Ltd. RenaissanceRe Specialty U.S. Ltd. DaVinci Reinsurance Ltd.* Top Layer Reinsurance Ltd. Renaissance Underwriting Managers, Ltd. RenaissanceRe Medici Fund, Ltd. Upsilon Reinsurance Fund Opportunities Ltd. Renaissance Reinsurance of Europe Bermuda Domiciled Joint Ventures (capitlized separately) Ireland Domiciled United Kingdom Domiciled (Lloyd s syndicate) * Also operates a branch licensed in Singapore. RENAISSANCERE HOLDINGS LTD. FINANCIAL HIGHLIGHTS (U.S. dollars in millions) 2014* 2013 2012 Gross premiums written $1,216.8 $1,605.4 $1,551.6 Net income (loss) $120.8 $665.7 $566.0 Total assets $8,515.6 $8,179.1 $7,928.6 Total shareholders equity $3,835.9 $3,904.4 $3,507.1 * Six months ended 30 June 2014 (unaudited). RATINGS* A.M. Best S&P Fitch Lloyd s Overall Rating A A+ AA- Renaissance Reinsurance Ltd. A+ AA- A+ * As at 30 June 2014.

THE LLOYD S MARKET* Lloyd s is the world s specialist insurance market. It was first mentioned in 1688 operating in Edward Lloyd s Coffee House in London and is now housed in the Lloyd s building on Lime Street. Lloyd s is licensed to do business in over 200 countries and territories with a global network of brokers and coverholders, making it easy for anyone to access its unrivalled expertise. Lloyd s is a marketplace, a society of members, rather than an insurance company. Members were originally private individuals but are now mostly corporations and limited liability partnerships, who in turn provide the capital to support underwriting through managing agents, who employ and manage a syndicate s team of underwriters. Members Providing the capital Syndicates Writing the insurance Managing Agents Managing the syndicates Coverholders and Brokers Local access to Lloyd s The Corporation of Lloyd s (the Corporation) oversees and supports the market. The Corporation reviews and approves business plans, monitors compliance against Lloyd s minimum standards and evaluates the syndicates performance against their plans. Syndicates can only underwrite in accordance with their agreed business plans. The Corporation also manages the Central Fund and Lloyd s network of international licences. * Source: Lloyd s (as at December 31, 2013).

LLOYD S MARKET STATISTICS 2013 Source: Lloyd s (as at December 31, 2013). 2,146 total members 56 managing agents managing 91 syndicates Total market underwriting capacity of 24,998m ($38,977m) Gross written premium of 26,106m ($40,725m) Operating profit of 3,205m ($5,320m) Combined ratio of 86.8% Return on capital 16.2% LLOYD S TOTAL UNDERWRITING CAPACITY (GBP in millions) 26 24 22 20 18 16 14 12 10 2013 2012 2011 2010 2009 LLOYD S CLASS BREAKDOWN Reinsurance 37% Property 23% Casualty 19% Marine 8% Energy 6% Motor 5% Aviation 2%

THE LLOYD S CHAIN OF SECURITY Lloyd s has a structure in place to ensure it is able to pay all valid claims. This structure has developed over many years to ensure that a policy holder is never failed in their hour of need. There are three links to the chain of security*: Several Assets First Link Syndicate Level Assets 41,990m Second Link Members Funds at Lloyd s 15,088m Mutual Assets Third Link Central Fund 1,513m Corporation 150m Callable Layer 788m Subordinated Debt/ Securities 721m * Source: Lloyd s (as at December 31, 2013). Syndicate Level Assets These are the premium funds of each syndicate from which it pays claims. These are held in trust separate from balance sheets. Members Fund at Lloyd s This is members capital that must be held in trust by Lloyd s, in proportion to Syndicate capacity, before underwriting can begin. Investment of this capital, however, is at the discretion of the member. Central Assets These are held by the Corporation of Lloyd s as a fund of last resort. The Central Fund is funded by members annual contributions and subordinated debt issued by Lloyd s, and can be supplemented by the members through a further callable layer.

KEY CONTACTS Bryan Dalton Senior Vice President and Active Underwriter bmd@renre.com Tel: +44 (0)20 7074 3795 Mobile: +44 (0)78 8003 2270 David Heatherly Specialty Underwriter dah@renre.com Tel: +44 (0)20 7074 3750 Mobile: +44 (0)78 1859 3386 Jim Mann Specialty Underwriter jwm@renre.com Tel: +44 (0)20 7074 3719 Mobile: +44 (0)75 0060 2869 Alex Shepherd Property Underwriter ahs@renre.com Tel: +44 (0)20 7074 3762 Mobile: +44 (0)77 4702 5755 Richard Marks Property D & F Underwriter rxm@renre.com Tel: +44 (0)20 7074 3741 Mobile: +44 (0)77 7567 6150 Sudhir Modhvadia Property D & F Underwriter sam@renre.com Tel: +44 (0)20 7074 3848 Mobile: +44 (0)78 2401 6476 John Paul O Leary Property Treaty Underwriter jpo@renre.com Tel: +44 (0)20 7074 3765 Mobile: +44 (0)77 9560 6852 Jaymin Desai Property Treaty Underwriter jkd@renre.com Tel: +44 (0)20 7074 3760 Mobile: +44 (0)75 5700 3287 Edward Cruttenden Casualty Underwriter ejc@renre.com Tel: +44 (0)20 7074 3821 Mobile: +44 (0)75 8458 2821 Ian Oakley Casualty Treaty Underwriter iro@renre.com Tel: +44 (0)20 7074 3708 Mobile: +44 (0)77 7625 5209 Julian Goldberg Casualty Treaty Underwriter jxg@renre.com Tel: +44 (0)20 7074 3763 Mobile: +44 (0)75 8596 8635 Charles Teale Assistant Casualty Treaty Underwriter cat@renre.com Tel: +44 (0)20 7074 3772 Mobile: +44 (0)75 5743 0225 Thomas Cox Casualty Insurance Underwriter tjc@renre.com Tel: +44 (0)20 7074 3721 Mobile: +44 (0)75 0001 0226 Stuart Sexton Casualty Insurance Underwriting Assistant sds@renre.com Tel: +44 (0)20 7074 3823 Mobile: +44 (0)75 8596 8634 Nick Conway Healthcare Insurance Underwriter nnc@renre.com Tel: +44 (0)20 7074 3713 Mobile: +44 (0)75 8434 0944 Graham Ilott Healthcare Insurance Underwriter gei@renre.com Tel: +44 (0)20 7074 3871 Mobile: +44 (0)78 8019 1150 Henry Yorke Healthcare Insurance Underwriter hdy@renre.com Tel: +44 (0)20 7074 3812 Mobile: +44 (0)75 8468 4395 Peter McLoughlin Head of Claims pjm@renre.com Tel: +44 (0)20 7074 3737 Mobile: +44 (0)77 8561 6185 Sam Drysdale Claims Adjuster sgd@renre.com Tel: +44 (0)20 7074 3715 Mobile: +44 (0)75 5703 8572

RenaissanceRe Syndicate 1458 at Lloyd s is managed by RenaissanceRe Syndicate Management Limited, company number 1120384, incorporated in England and Wales, whose registered office and principal place of business is 18th Floor, 125 Old Broad Street, London, EC2N 1AR. RenaissanceRe Syndicate Management Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. RENAISSANCERE SYNDICATE 1458 RenaissanceRe Syndicate 1458: 125 Old Broad Street London, EC2N 1AR U.K. Tel: +44 (0)20 7283 2646 Lloyd s Address: Box 282 Lloyd s of London One Lime Street London, EC3M 7HA U.K. www.renre.com/lloyds