Debt and Credit Facilities (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

A summary of the Company’s debt obligations on its consolidated balance sheets is set forth below:




	September 30, 2017				December 31, 2016
	Fair Value		Carrying Value		Fair Value		Carrying Value
3.450% Senior Notes due 2027	$	296,589	$	295,179	$	—	$	—
3.700% Senior Notes due 2025	309,648		297,225		291,750		296,948
5.75% Senior Notes due 2020	269,265		249,188		270,875		248,941
Series B 7.50% Senior Notes due 2017	—		—		257,500		255,352
4.750% Senior Notes due 2025 (DaVinciRe) (1)	158,742		147,653		144,675		147,422
	$	1,034,244	$	989,245	$	964,800	$	948,663

(1)

RenaissanceRe owns a noncontrolling economic interest in its joint venture DaVinciRe. Because RenaissanceRe controls a majority of DaVinciRe’s outstanding voting rights, the consolidated financial statements of DaVinciRe are included in the consolidated financial statements of RenaissanceRe. However, RenaissanceRe does not guarantee or provide credit support for DaVinciRe and RenaissanceRe’s financial exposure to DaVinciRe is limited to its investment in DaVinciRe’s shares and counterparty credit risk arising from reinsurance transactions.

Schedule of Line of Credit Facilities

The outstanding amounts issued or drawn under each of the Company’s significant credit facilities is set forth below:




At September 30, 2017	Issued or Drawn
RenaissanceRe Revolving Credit Facility	$	—
Uncommitted Standby Letter of Credit Facility with Wells Fargo	99,168
Uncommitted Standby Letter of Credit Facility with NAB	4,356
Bilateral Letter of Credit Facility with Citibank Europe	192,715
Funds at Lloyd’s Letter of Credit Facilities
Renaissance Reinsurance FAL Facility	180,000
Total credit facilities in U.S. dollars	$	476,239

Funds at Lloyd’s Letter of Credit Facilities
Specialty Risks FAL Facility	£	10,000
Total credit facilities in British Pounds	£	10,000