Investor Notice: Chitwood Harley Harnes LLP Gives Notice Of Its Filing Of Complaint Against RenaissanceRe Holdings and Encourages RNR Investors To Explore Legal Options.

ATLANTA -- Chitwood Harley Harnes LLP announces that it has filed a lawsuit seeking class action status in the United States District Court for the Southern District of New York on behalf of all persons (the "Class") who purchased the securities of RenaissanceRe Holdings, Ltd (NYSE: RNR) ("RenaissanceRe" or the "Company") during the period January 24, 2002 and July 25, 2005, inclusive (the "Class Period"). The proposed class also includes claims under the Securities Act of 1933 ("the Securities Act") on behalf of purchasers of the 6.08% Series C preference shares (NYSE:RNR-PC). The lawsuit was filed against RennaisanceRe, James Stanard, Michael W. Cash, William Riker, John M. Lummis and Martin J. Merritt ("Defendants").

A copy of the complaint will be available on our website, www.chitwoodlaw.com, until expiration of the lead plaintiff deadline, September 26, 2005. If you have questions about this case or your rights as a class member or wish to submit your transaction information to our firm, you may contact us through our website, www.chitwoodlaw.com by clicking on RNR, or by emailing or calling Lauren S. Antonino, Esq. at [e-mail] or 1-888-873-3999 extension 6888.

The Complaint alleges that during the Class Period, RenaissanceRe violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, SEC Rule 10b-5, and Sections 11 and 15(a) of the Securities Act of 1933. On February 22, 2005, RenaissanceRe announced that it planned to restate its financial statements for 2001, 2002 and 2003 to correct "accounting errors associated with reinsurance ceded by the Company." RenaissanceRe also announced that it "had discovered an error in the timing of the recognition of premium on multi-year ceded reinsurance contracts for the first three quarters of 2004." On April 8, 2005, Defendants issued a press release announcing that RenaissanceRe received subpoenas from the U.S. Securities and Exchange Commission and the Office of the Attorney General for the State of New York, each of which requests information related to Channel Reinsurance Ltd., a reinsurance company in which RenaissanceRe is an investor. On July 11, 2005, RenaissanceRe announced the resignation of Michael W. Cash, Senior Vice President of Specialty Reinsurance, after he voluntarily refused to accept the subpoenas of the SEC for testimony concerning the Company's restatement. On July 25, 2005, RenaissanceRe announced that it had received a "Wells Notice" from the SEC in connection with the ongoing investigation into the restatement of the Company's financial statements. The Wells Notice indicated that the SEC intends to bring a civil enforcement action against Mr. Stanard alleging violations of federal securities laws. On this news, the price of RNR shares dropped from $47.23 on July 22, 2005 to at $42.27 on July 25, 2005, on extraordinarily heavy volume of 2.6 million shares traded. The price of RNR's Series C preference shares also dropped on this news on trading nine times heavier than trading the previous day.

If you purchased RNR securities between period January 24, 2002 and July 25, 2005 , you may qualify to serve as lead plaintiff on behalf of the Class. All motions for appointment as lead plaintiff must be filed with the Court no later than September 26, 2005. Any member of the proposed Class may move the Court to serve as lead plaintiff in this action through counsel of his or her choice, or may remain an absent class member. There are certain legal requirements to serve as lead plaintiff, which we would be pleased to discuss with you. Please contact Lauren Antonino, if you would like to discuss this action or have any question regarding this notice or your rights.

Chitwood Harley Harnes LLP is a class action firm that concentrates its nationwide practice in representing victims of securities fraud and corporate mismanagement, as well as other complex litigation. Chitwood Harley Harnes has been appointed lead counsel in major actions throughout the United States and has been instrumental in recovering billions of dollars on behalf of its clients. Clients and courts alike have praised the results achieved by Chitwood Harley Harnes. Recently, the federal judge in the BankAmerica Securities Litigation, which resulted in one of the highest recoveries ever in a private securities class action, commented favorably on counsel's performance stating: "Class members were well served by experienced attorneys who, through considerable time and effort, obtained a significant recovery for their clients," and, "(a)s the Court has remarked throughout this litigation, class counsel ... have performed at exceptionally high levels, and all parties have been exceedingly well represented."