RENAISSANCERE HOLDINGS LTD FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits
Item 1.01 Entry into a Material Definitive Agreement.
Effective as of
Reinsurance") entered into the Second Amendment to Amended and Restated Letter
of Credit Reimbursement Agreement (the "Amendment"), by and among Renaissance
Reinsurance, as borrower, ING Bank N.V.,
"Agent") and as a lender, Bank of Montreal,
and
"Lenders"), amending the Amended and Restated Letter of Credit Reimbursement
Agreement, dated as of
Amendment to Amended and Restated Letter of Credit Reimbursement Agreement dated
as of
otherwise modified, the "Reimbursement Agreement"), evidencing a secured letter
of credit facility (the "Facility") providing for the issuance by the Lenders of
a letter of credit (the "Letter of Credit") for the account of Renaissance
Reinsurance to support business written by Renaissance Reinsurance's Lloyd's
syndicate, Syndicate 1458.
Pursuant to the Amendment, the stated amount of the Letter of Credit was
increased from
extended until the date that is four years from the date of notice from
the beneficiary of the Letters of Credit, which notice is required to be given
not later than
of all the Lenders. Notice was previously required to be given not later than
Certain Lenders and their affiliates have performed commercial banking,
investment banking and advisory services for Renaissance Reinsurance and/or its
affiliates from time to time for which they have received customary fees and
reimbursement of expenses. The Lenders and the Agent may from time to time
engage in transactions with and perform services for Renaissance Reinsurance and
its affiliates in the ordinary course of their business for which they may
receive customary fees and reimbursement of expenses.
The descriptions of the Amendment and Facility contained herein are qualified in
their entirety by reference to the Amendment, a copy of which is attached hereto
as Exhibit 10.1 and is incorporated herein by reference, and the Reimbursement
Agreement, a copy of which was previously filed.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of the Registrant.
The disclosure set forth in Item 1.01 above is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit # Description
10.1 Second Amendment to Amended and Restated Letter of Credit
Reimbursement Agreement, dated November 3, 2021 , by and among
Renaissance Reinsurance Ltd. , as borrower, ING Bank N.V., London Branch,
as agent and as a lender, Bank of Montreal, London Branch, as a lender,
and Citibank Europe plc , as a lender.
101 Pursuant to Rule 406 of Regulation S-T, the cover page information is
formatted in Inline XBRL.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document and included in Exhibit 101).
--------------------------------------------------------------------------------



Allstate: Q3 Earnings Snapshot
GREENLIGHT CAPITAL RE, LTD. – 10-Q – MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Advisor News
- NAIFA: Financial professionals are essential to the success of Trump Accounts
- Changes, personalization impacting retirement plans for 2026
- Study asks: How do different generations approach retirement?
- LTC: A critical component of retirement planning
- Middle-class households face worsening cost pressures
More Advisor NewsAnnuity News
- Ancient Financial Launches as a Strategic Asset Management and Reinsurance Holding Company, Announces Agreement to Acquire F&G Life Re Ltd.
- FIAs are growing as the primary retirement planning tool
- Edward Wilson Joins SEDA, Bringing Deep Expertise in Risk Management, Derivatives Trading and Institutional Prime Brokerage
- Trademark Application for “INSPIRING YOUR FINANCIAL FUTURE” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Jackson Financial ramps up reinsurance strategy to grow annuity sales
More Annuity NewsHealth/Employee Benefits News
- Data on Managed Care Reported by Researchers at Dartmouth College Geisel School of Medicine (Impact of the Medicare carotid stenting national coverage determination on procedure utilization and long-term stroke risk after carotid …): Managed Care
- New Managed Care and Specialty Pharmacy Findings Has Been Reported by Howard Weston Schmutz et al (Challenges of the Inflation Reduction Act for long-term care pharmacy: Examining impact and policy solutions): Drugs and Therapies – Managed Care and Specialty Pharmacy
- University of Washington Reports Findings in Managed Care (Too Sick to be True? Evaluating Potentially Problematic Diagnosis Coding Practices in Medicare’s Patient-Driven Payment Model): Managed Care
- Falling off the cliff: Loss of insurance subsidies hits Durango's middle class
- Universite Paris 1 Pantheon-Sorbonne Reports Findings in Science (Misperception, self-reported probabilities and long-term care insurance take-up in the United States): Science
More Health/Employee Benefits NewsLife Insurance News