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Subsequent Events
12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Effective January 1, 2020, Upsilon RFO issued $620.9 million of non-voting preference shares to investors, including $103.1 million to the Company. Of the total amount, $512.8 million was received by the Company prior to December 31, 2019. At December 31, 2019, $462.8 million, representing the amount received from investors other than the Company prior to December 31, 2019, is included in other liabilities on the Company’s consolidated balance sheet, and also included in other operating cash flows on the Company’s consolidated statements of cash flows for the year ended December 31, 2019. Effective January 1, 2020, the Company’s participation in the risks assumed by Upsilon RFO was 16.5%.
Effective January 10, 2020, Mona Lisa Re issued two series of principal-at-risk variable rate notes to investors for a total principal amount of $400.0 million.
On February 4, 2020, RenaissanceRe Specialty Holdings entered into an agreement to sell its wholly owned subsidiary, RenaissanceRe UK, a U.K. run-off company, to an investment vehicle managed by AXA Liabilities Managers, an affiliate of AXA XL. The sale is expected to close in 2020 and is subject to regulatory approval.