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Tokio Marine & Nichido Fire selling RenaissanceRe shares

Tokio Marine & Nichido Fire Insurance Co. Ltd. is selling 1,739,071 RenaissanceRe Holdings Ltd. common shares in an underwritten public offering.

The proposed maximum offering price is about $338.7 million in total, or $194.75 per unit, estimated solely for the purpose of calculating the registration fee. The Tokio Marine Holdings Inc. unit, as selling shareholder, may offer the shares from time to time and will receive all of the net proceeds from the offering.

Morgan Stanley & Co. LLC serves as the sole underwriter for the offering.