RenaissanceRe increases letter-of-credit facility to $200 million

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – RenaissanceRe Holdings Ltd. entered into a fourth amendment to its amended and restated standby letter-of-credit agreement on Dec. 12 with Wells Fargo Bank, NA as agent, which increased the amount of secured letters of credit that may be requested under the facility to $200 million from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

RenaissanceRe is a Pembroke, Bermuda-based property catastrophe reinsurer.

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