Material Agreement - Form 8-K - Insurance News

Material Agreement – Form 8-K

U.S. Markets (Alternative Disclosure) via PUBT

Item 1.01. Entry Into A Material Definitive Agreement.

On December 12, 2023, Renaissance Reinsurance Ltd., DaVinci Reinsurance Ltd., Renaissance Reinsurance U.S. Inc., RenaissanceRe Europe AG, RenaissanceRe Specialty U.S. Ltd. (collectively, the "Applicants") and RenaissanceRe Holdings Ltd. (the "Guarantor" and together with the Applicants, collectively, the "Credit Parties"), and Wells Fargo Bank, National Association ("Wells Fargo") entered into the Fourth Amendment (the "Amendment") to the Amended and Restated Standby Letter of Credit Agreement, dated as of June 21, 2019, as amended, amending the existing uncommitted facility under which letters of credit may be issued from time to time for the respective accounts of the Applicants. The Amendment provides for an increase in the amount of secured letters of credit that the Applicants may request from an aggregate amount of $150.0 million to $200.0 million.

The description of the Amendment contained herein is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.1, and incorporated herein by reference.

Wells Fargo, which is a party to the Amendment, is also a party to a revolving credit facility with the Guarantor and certain of the other Credit Parties. In addition, Wells Fargo and/or certain of their affiliates have in the past provided, currently provide and/or may in the future provide, investment banking, transfer agent, trusteeship, custodial, and/or other financial services from time to time to the Guarantor and its subsidiaries and affiliates.

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RenaissanceRe Holdings Ltd. published this content on 13 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 December 2023 21:22:59 UTC.