Document:

EX-10.2

 Exhibit 10.2 

GUARANTY AGREEMENT 

THIS GUARANTY AGREEMENT, dated as of May 15, 2015 (this “Guaranty”), is made by each of the undersigned
Subsidiaries of RENAISSANCERE HOLDINGS LTD., a Bermuda company (the “Borrower”), and each other Subsidiary of the Borrower that, after the date hereof, executes an instrument of accession hereto substantially in the form of
Exhibit A (a “Guarantor Accession”; the undersigned and such other Subsidiaries of the Borrower, collectively, the “Guarantors”), in favor of the Guaranteed Parties (as hereinafter defined). Capitalized
terms used herein without definition shall have the meanings given to them in the Credit Agreement referred to below. 
 RECITALS 

A. The Borrower, certain Lenders, and Wells Fargo Bank, National Association, as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), are parties to an Amended and Restated Credit Agreement, dated as of May 15, 2015 (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”), pursuant to
which the Lenders have made available to the Borrower a revolving credit facility upon the terms and conditions set forth therein. 
 B. It
is a condition to the extension of credit to the Borrower under the Credit Agreement that each Guarantor shall have agreed, by executing and delivering this Guaranty, to guarantee to the Guaranteed Parties the payment in full of the Guaranteed
Obligations (as hereinafter defined). The Guaranteed Parties are relying on this Guaranty in their decision to extend credit to the Borrower under the Credit Agreement, and would not enter into the Credit Agreement without this Guaranty. 

C. The Borrower and the Guarantors are engaged in related businesses and undertake certain activities and operations on an integrated basis. As
part of such integrated operations, the Borrower, among other things, may advance to the Guarantors from time to time certain proceeds of the Loans made to the Borrower by the Lenders under the Credit Agreement. Each Guarantor will therefore obtain
benefits as a result of the extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desires to execute and deliver this Guaranty. 

STATEMENT OF AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, to induce the Guaranteed Parties to enter into the Credit Agreement and to induce the Lenders to extend credit to the Borrower thereunder, each Guarantor hereby agrees as follows: 

	 	1.	Guaranty. 

 (a) Each Guarantor hereby irrevocably, absolutely and unconditionally, and
jointly and severally: 
 (i) guarantees (A) to the Lenders and the Administrative Agent (collectively, the
“Guaranteed Parties”) the full and prompt payment, at any time and from time to time as and when due (whether at the stated maturity, by acceleration or otherwise), of all Obligations of the Borrower under the Credit Agreement and
the other Loan Documents, including, without limitation, all principal of and interest on the Loans, all fees, expenses, indemnities and other amounts payable by the Borrower under the Credit Agreement or any other Loan Document, and all Obligations
that, but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, would become due, whether now existing or hereafter created or arising and whether direct or indirect, absolute or contingent, due or to become due
(all liabilities and obligations described in this clause (i), collectively, the “Guaranteed Obligations”); and 

(ii) agrees to pay the reasonable fees and expenses of counsel to, and reimburse upon demand all reasonable costs and expenses
incurred or paid by, (y) any Guaranteed Party in connection with any suit, action or proceeding to enforce or protect any rights of the Guaranteed Parties hereunder and (z) the Administrative Agent in connection with any amendment,
modification or waiver hereof or consent pursuant hereto, and to indemnify and hold each Guaranteed Party and its directors, officers, employees, agents and Affiliates harmless from and against any and all claims, losses, damages, obligations,
liabilities, penalties, costs and expenses (including, without limitation, reasonable attorneys’ fees and expenses) of any kind or nature whatsoever, whether direct, indirect or consequential, that may at any time be imposed on, incurred by or
asserted against any such indemnified party as a result of, arising from or in any way relating to this Guaranty or the collection or enforcement of the Guaranteed Obligations; provided, however, that no indemnified party shall have
the right to be indemnified hereunder for any such claims, losses, costs and expenses (x) to the extent determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such indemnified party or (y) that result from a claim by any Loan Party against an indemnified party for breach in bad faith of such indemnified party’s obligations hereunder or under any other Loan Document if such Loan
Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 
 (b)
Notwithstanding the provisions of subsection (a) above and notwithstanding any other provisions contained herein or in any other Loan Document: 

(i) no provision of this Guaranty shall require or permit the collection from any Guarantor of interest in excess of the
maximum rate or amount that such Guarantor may be required or permitted to pay pursuant to applicable law; and 

  
 2 

 (ii) the liability of each Guarantor under this Guaranty as of any date shall be
limited to a maximum aggregate amount (the “Maximum Guaranteed Amount”) equal to the greatest amount that would not render such Guarantor’s obligations under this Guaranty subject to avoidance, discharge or reduction as of such
date as a fraudulent transfer or conveyance under applicable Debtor Relief Laws, in each instance after giving effect to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under applicable Debtor Relief Laws
(specifically excluding, however, any liabilities of such Guarantor in respect of intercompany indebtedness to the Borrower or any of its Affiliates to the extent that such indebtedness would be discharged in an amount equal to the amount paid by
such Guarantor hereunder, and after giving effect as assets to the value (as determined under applicable Debtor Relief Laws) of any rights to subrogation, contribution, reimbursement, indemnity or similar rights of such Guarantor pursuant to
(y) applicable law or (z) any agreement (including this Guaranty) providing for an equitable allocation among such Guarantor and other Affiliates of the Borrower of obligations arising under guaranties by such parties). 

(c) The Guarantors desire to allocate among themselves, in a fair and equitable manner, their obligations arising under this Guaranty.
Accordingly, in the event any payment or distribution is made hereunder on any date by a Guarantor (a “Funding Guarantor”) that exceeds its Fair Share (as hereinafter defined) as of such date, that Funding Guarantor shall be
entitled to a contribution from each of the other Guarantors in the amount of such other Guarantor’s Fair Share Shortfall (as hereinafter defined) as of such date, with the result that all such contributions will cause each Guarantor’s
Aggregate Payments (as hereinafter defined) to equal its Fair Share as of such date. “Fair Share” means, with respect to a Guarantor as of any date of determination, an amount equal to (i) the ratio of (x) the Adjusted
Maximum Guaranteed Amount (as hereinafter defined) with respect to such Guarantor to (y) the aggregate of the Adjusted Maximum Guaranteed Amounts with respect to all Guarantors, multiplied by (ii) the aggregate amount paid or distributed
on or before such date by all Funding Guarantors hereunder in respect of the obligations guarantied. “Fair Share Shortfall” means, with respect to a Guarantor as of any date of determination, the excess, if any, of the Fair Share of
such Guarantor over the Aggregate Payments of such Guarantor. “Adjusted Maximum Guaranteed Amount” means, with respect to a Guarantor as of any date of determination, the Maximum Guaranteed Amount of such Guarantor, determined in
accordance with the provisions of subsection (b) above; provided that, solely for purposes of calculating the “Adjusted Maximum Guaranteed Amount” with respect to any Guarantor for purposes of this subsection (c), any
assets or liabilities arising by virtue of any rights to subrogation, reimbursement or indemnity or any rights to or obligations of contribution hereunder shall not be considered as assets or liabilities of such Guarantor. “Aggregate
Payments” means, with respect to a Guarantor as of any date of determination, the aggregate amount of all payments and distributions made on or before such date by such Guarantor in respect of this Guaranty (including, without limitation,
in respect of this subsection (c)). The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. Each Funding Guarantor’s right
of contribution under this subsection (c) shall be subject to the provisions of Section 4. The allocation among Guarantors of their obligations as set forth in this subsection (c) shall not be construed in any way to limit the
liability of any Guarantor hereunder to the Guaranteed Parties. 

  
 3 

 (d) The guaranty of each Guarantor set forth in this Section is a guaranty of payment as a
primary obligor, and not a guaranty of collection. Each Guarantor hereby acknowledges and agrees that the Guaranteed Obligations, at any time and from time to time, may exceed the Maximum Guaranteed Amount of such Guarantor and may exceed the
aggregate of the Maximum Guaranteed Amounts of all Guarantors, in each case without discharging, limiting or otherwise affecting the obligations of any Guarantor hereunder or the rights, powers and remedies of any Guaranteed Party hereunder or under
any other Loan Document. 
 2. Guaranty Unconditional. The obligations of each Guarantor under this Guaranty shall, to the maximum
extent permitted by applicable law, be unconditional, absolute and irrevocable and, without limiting the generality of the foregoing, shall, to the maximum extent permitted by applicable law, not be released, discharged or otherwise affected by:

 (i) any extension, renewal, settlement, compromise, waiver or release (including with respect to any collateral) in
respect of any obligation of any other obligor under any of the Loan Documents, by operation of law or otherwise; 
 (ii) any
modification or amendment of, or supplement to, any of the Loan Documents; 
 (iii) any release, non-perfection or invalidity
of any direct or indirect security (including any collateral) for any obligation of any other obligor under any of the Loan Documents; 

(iv) any change in the corporate existence, structure or ownership of any obligor, or any proceeding under any Debtor Relief
Law affecting any other obligor or its assets or any resulting release or discharge of any obligation of any other obligor contained in any of the Loan Documents; 

(v) the existence of any claim, setoff or other rights which any obligor may have at any time against any other obligor, the
Administrative Agent, any Lender or any other corporation or person, whether in connection with any of the Loan Documents or any unrelated transactions; provided that nothing herein shall prevent the assertion of any such claim by separate
suit or compulsory counterclaim; 
 (vi) any invalidity or unenforceability relating to or against any other obligor for any
reason of any of the Loan Documents, or any provision of applicable law or regulation purporting to prohibit the payment by any other obligor of principal, interest or any other amount payable under any of the Loan Documents; 

(vii) any law, regulation or order of any jurisdiction, or any other event, affecting any term of any obligation or the
Lenders’ rights with respect thereto; or 
 (viii) any other circumstance that might otherwise constitute a legal or
equitable discharge of, or a defense, set-off or counterclaim available to, any Loan Party, Guarantor or a surety or guarantor generally, other than the occurrence of all of the following: (1) the payment in full in cash of the Guaranteed
Obligations (other than contingent and indemnification obligations not then due and payable) and (2) the termination of the Commitments under the Credit Agreement (the events in clauses (1) and (2) above, collectively, the
“Termination Requirements”). 

  
 4 

 3. Certain Waivers. Each Guarantor irrevocably waives acceptance hereof,
presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any corporation or person against any other obligor or guarantor, any other corporation or person or any
collateral. To the fullest extent permitted by applicable law, no Guarantor shall assert, and each Guarantor hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as
opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Guaranty, any other Loan Document or any agreement or instrument contemplated hereby or the transactions contemplated hereby or thereby. Each Guarantor
warrants and agrees that each waiver set forth in this Section 3 is made with full knowledge of its significance and consequences, and such waivers shall be effective to the maximum extent permitted by law. 

4. No Subrogation. Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now have or
hereafter acquire against any Loan Party, or any other guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under or in respect of this Guaranty, including any right of subrogation,
reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of any Lender against any Loan Party or any other guarantor or any collateral, whether or not such claim, remedy or right arises in
equity or under contract, statute or common law, including the right to take or receive from any Loan Party or any other guarantor, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account
of such claim, remedy or right, unless and until the Termination Requirements have been satisfied. If any amount shall be paid to such Guarantor in violation of the immediately preceding sentence at any time prior to the satisfaction of the
Termination Requirements, such amount shall be received and held in trust for the benefit of the Lenders, shall be segregated from other property and funds of such Guarantor and shall forthwith be paid or delivered to the Administrative Agent in the
same form as so received (with any necessary endorsement or assignment) to be credited and applied to all amounts payable under this Guaranty, whether matured or unmatured, in accordance with the terms of the Loan Documents, or to be held as
collateral for any amounts payable under this Guaranty thereafter arising. If (i) such Guarantor shall make payment to any Lender of all or any amounts payable under this Guaranty, and (ii) the Termination Requirements shall have been
satisfied, the Lenders will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to
such Guarantor of an interest in the obligations resulting from such payment made by such Guarantor pursuant to this Guaranty. 
 5.
Representations and Warranties. Each Guarantor hereby represents and warrants to the Guaranteed Parties that, as to itself, all of the representations and warranties relating to it contained in the Credit Agreement are true and correct. 

6. Financial Condition of Borrower. Each Guarantor represents that it has knowledge of the Borrower’s financial condition and
affairs and that it has adequate means to obtain from the Borrower on an ongoing basis information relating thereto and to the Borrower’s ability to pay and perform the Guaranteed Obligations. Each Guarantor agrees that the Guaranteed Parties
shall have no obligation to investigate the financial condition or affairs of the Borrower for the benefit of any Guarantor nor to advise any Guarantor of any fact respecting, or 

  
 5 

 
any change in, the financial condition or affairs of the Borrower that might become known to any Guaranteed Party at any time, whether or not such Guaranteed Party knows or believes or has reason
to know or believe that any such fact or change is unknown to any Guarantor, or might (or does) materially increase the risk of any Guarantor as guarantor, or might (or would) affect the willingness of any Guarantor to continue as a guarantor of the
Guaranteed Obligations. 
 7. Payments; Application; Set-Off. 

(a) Each Guarantor agrees that, upon the failure of the Borrower to pay any Guaranteed Obligations when and as the same shall become due
(whether at the stated maturity, by acceleration or otherwise), and without limitation of any other right or remedy that any Guaranteed Party may have at law, in equity or otherwise against such Guarantor, such Guarantor will, subject to the
provisions of Section 1(b), forthwith pay or cause to be paid to the Administrative Agent, for the benefit of the Guaranteed Parties, an amount equal to the amount of the Guaranteed Obligations then due and owing as aforesaid.

 (b) All payments made by each Guarantor hereunder will be made in Dollars to the Administrative Agent, without set-off, counterclaim
or other defense and, in accordance with the Credit Agreement, free and clear of and without deduction for any Taxes in the same manner and to the same extent required under Section 3.1 of the Credit Agreement, each Guarantor hereby agreeing to
comply with and be bound by the provisions of Section 3.1 of the Credit Agreement in respect of all payments made by it hereunder. 

(c) All payments made hereunder shall be applied in accordance with the provisions of Section 7.3 of the Credit Agreement. 

(d) In the event that the proceeds of any such sale, disposition or realization are insufficient to pay all amounts to which the Guaranteed
Parties are legally entitled, the Guarantors shall be jointly and severally liable for the deficiency, together with interest thereon at the highest rate specified in any applicable Loan Document for interest on overdue principal or such other rate
as shall be fixed by applicable law, together with the costs of collection and all other fees, costs and expenses payable hereunder. 
 (e)
Upon and at any time after the occurrence and during the continuance of any Event of Default, each Guaranteed Party and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by
applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Guaranteed Party or
any such Affiliate to or for the credit or the account of any Guarantor against any and all of the obligations of such Guarantor now or hereafter existing under this Guaranty or any other Loan Document to such Guaranteed Party, irrespective of
whether or not such Guaranteed Party shall have made any demand under this Guaranty or any other Loan Document and although such obligations of such Guarantor may be contingent or unmatured or are owed to a branch or office of such Guaranteed Party
different from the branch or office holding such deposit or obligated on such indebtedness. The rights of each Guaranteed Party and their respective Affiliates under this subsection are in addition to other rights and remedies (including other
rights of setoff) that such Guaranteed Parties or their respective Affiliates may have. Each Guaranteed Party agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure
to give such notice shall not affect the validity of such setoff and application. 

  
 6 

 8. No Waiver. The rights and remedies of the Guaranteed Parties expressly set forth in
this Guaranty and the other Loan Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of any Guaranteed Party in exercising any
right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege or be
construed to be a waiver of any Default or Event of Default. No course of dealing between any of the Guarantors and the Guaranteed Parties or their agents or employees shall be effective to amend, modify or discharge any provision of this Guaranty
or any other Loan Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon any Guarantor in any case shall entitle such Guarantor or any other Guarantor to any other or further notice or demand in similar or
other circumstances or constitute a waiver of the right of any Guaranteed Party to exercise any right or remedy or take any other or further action in any circumstances without notice or demand. 

9. Enforcement. The Guaranteed Parties agree that, except as provided in Section 7(e), this Guaranty may be enforced
only by the Administrative Agent, acting upon the instructions or with the consent of the Required Lenders as provided for in the Credit Agreement, and that no Guaranteed Party shall have any right individually to enforce or seek to enforce this
Guaranty or to realize upon any collateral or other security given to secure the payment and performance of the Guarantors’ obligations hereunder. The obligations of each Guarantor hereunder are independent of the Guaranteed Obligations, and a
separate action or actions may be brought against each Guarantor whether or not action is brought against the Borrower or any other Guarantor and whether or not the Borrower or any other Guarantor is joined in any such action. If acceleration of the
time for payment of any amount payable by the Borrower under any of the Loan Documents is stayed upon the insolvency, bankruptcy or reorganization of the Borrower, all such amounts otherwise subject to acceleration under the terms of the Credit
Agreement shall nonetheless be payable by the Guarantors under this Guaranty forthwith on demand by the Administrative Agent made at the request of the Required Lenders. Each Guarantor agrees that to the extent all or part of any payment of the
Guaranteed Obligations made by any Person is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid by or on behalf of any Guaranteed Party to a trustee, receiver or any other party under any Debtor
Relief Laws (the amount of any such payment, a “Reclaimed Amount”), then, to the extent of such Reclaimed Amount, this Guaranty shall continue in full force and effect or be revived and reinstated, as the case may be, as to the
Guaranteed Obligations intended to be satisfied as if such payment had not been received; and each Guarantor acknowledges that the term “Guaranteed Obligations” includes all Reclaimed Amounts that may arise from time to time. 

10. Amendments, Waivers, etc. No amendment, modification, waiver, discharge or termination of, or consent to any departure by any
Guarantor from, any provision of this Guaranty, shall be effective unless in a writing signed by the Administrative Agent and such of the Lenders as may be required under the provisions of the Credit Agreement to concur in the action then being
taken, and then the same shall be effective only in the specific instance and for the specific purpose for which given. 

  
 7 

 11. Automatic Release of a Guarantor in Certain Circumstances. Notwithstanding anything
herein to the contrary, a Guarantor shall be automatically released from this Guaranty in accordance with Section 5.11(b) of the Credit Agreement. 

12. Addition, Release of Guarantors. Each Guarantor recognizes that the provisions of the Credit Agreement require any Subsidiary of the
Borrower that issues or incurs any Debt (other than Excluded Debt) held by a non-affiliated party to become a Guarantor hereunder by executing a Guarantor Accession, and agrees that its obligations hereunder shall not be discharged, limited or
otherwise affected by reason of the same, or by reason of the Administrative Agent’s actions in effecting the same or in releasing any Guarantor hereunder, in each case without the necessity of giving notice to or obtaining the consent of any
other Guarantor. 
 13. Continuing Guaranty; Term; Successors and Assigns; Assignment; Survival. This Guaranty is a continuing
guaranty and covers all of the Guaranteed Obligations as the same may arise and be outstanding at any time and from time to time from and after the date hereof, and shall (i) remain in full force and effect until satisfaction of all of the
Termination Requirements (provided that the provisions of Section 1(a)(ii) and Section 4 shall survive any termination of this Guaranty), (ii) be binding upon and enforceable against each Guarantor and its
successors and assigns (provided, however, that no Guarantor may sell, assign or transfer any of its rights, interests, duties or obligations hereunder without the prior written consent of the Lenders) and (iii) inure to the
benefit of and be enforceable by each Guaranteed Party and its successors and assigns. Without limiting the generality of clause (iii) above, any Guaranteed Party may, in accordance with the provisions of the Credit Agreement, assign all or a
portion of the Guaranteed Obligations held by it (including by the sale of participations), whereupon each Person that becomes the holder of any such Guaranteed Obligations shall (except as may be otherwise agreed between such Guaranteed Party and
such Person) have and may exercise all of the rights and benefits in respect thereof granted to such Guaranteed Party under this Guaranty or otherwise. Each Guarantor hereby irrevocably waives notice of and consents in advance to the assignment as
provided above from time to time by any Guaranteed Party of all or any portion of the Guaranteed Obligations held by it and of the corresponding rights and interests of such Guaranteed Party hereunder in connection therewith. All representations,
warranties, covenants and agreements herein shall survive the execution and delivery of this Guaranty and any Guarantor Accession. 

14. Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a) THIS GUARANTY AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF
OR RELATING TO THIS GUARANTY AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
 8 

 (b) EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE
NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
GUARANTY, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH GUARANTOR AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER
MANNER PROVIDED BY LAW. NOTHING IN THIS GUARANTY OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT OR ANY LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY AGAINST ANY GUARANTOR OR
ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 
 (c) EACH GUARANTOR IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH
GUARANTOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) EACH GUARANTOR HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS GUARANTY OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH GUARANTOR (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT THE ADMINISTRATIVE AGENT AND THE LENDERS HAVE
BEEN INDUCED TO ENTER INTO THE LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
 (e) Each
Guarantor hereby irrevocably consents to service of process in any action or proceeding in the same manner required for delivery of notices under Section 15. Nothing in this Section shall affect the right of any party to serve legal
process in any other manner permitted by law or affect the right of any Guaranteed Party to bring any action or proceeding against any Guarantor in the courts of any other jurisdiction. 

  
 9 

 15. Notices. All notices and other communications provided for herein shall be delivered
in the same manner set forth in Section 10.2 of the Credit Agreement: (a) if to any Guarantor, in care of the Borrower and at the Borrower’s address for notices set forth in the Credit Agreement, and (b) if to any Guaranteed
Party, at its address for notices set forth in the Credit Agreement; in each case, as such addresses may be changed from time to time pursuant to the Credit Agreement, and with copies to such other Persons as may be specified under the provisions of
the Credit Agreement. 
 16. Severability. To the extent any provision of this Guaranty is prohibited by or invalid under the
applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining
provisions of this Guaranty in any jurisdiction. 
 17. Construction. The headings of the various sections and subsections of this
Guaranty have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. Unless the context otherwise requires, words in the singular include the plural and words in the plural
include the singular. 
 18. Counterparts; Effectiveness. This Guaranty may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. This Guaranty shall become effective, as to any Guarantor, upon the
execution and delivery by such Guarantor of a counterpart hereof or a Guarantor Accession. Delivery of an executed counterpart of a signature page of this Guaranty or any Guarantor Accession by facsimile or other electronic imaging (e.g.,
“pdf” or “tif”) means shall be effective as delivery of a manually executed counterpart of this Guaranty. 
 19.
Judgment Currency. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from any Guarantor hereunder in the currency expressed to be payable herein (the “specified currency”) into
another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the
specified currency with such other currency at the Administrative Agent’s main Charlotte, North Carolina office on the Business Day preceding that on which final, non-appealable judgment is given. The obligations of each Guarantor in respect of
any sum due to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the specified currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the
Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Administrative Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified
currency with such other currency. If the amount of the specified currency so purchased is less than the sum originally due to such Lender or the Administrative Agent, as the case may be, in the specified currency, each Guarantor agrees, to the
fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so
purchased exceeds (a) the sum originally due to any Lender or the Administrative 

  
 10 

 
Agent, as the case may be, in the specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to such Lender
under Section 2.10 of the Credit Agreement, such Lender or the Administrative Agent, as the case may be, agrees to remit such excess to such Guarantor. 

  
 11 

 IN WITNESS WHEREOF, the parties have caused this Guaranty to be executed by their duly
authorized officers as of the date first above written. 
  

			
	GUARANTORS:
	
	RENRE NORTH AMERICA HOLDINGS INC.
		
	By:		 /s/ Mark A. Wilcox

	Title:		Chief Financial Officer
	
	PLATINUM UNDERWRITERS FINANCE INC.
		
	By:		 /s/ Jeffrey D. Kelly

	Title:		Chief Financial Officer
	
	PLATINUM UNDERWRITERS HOLDINGS, LTD.
		
	By:		 /s/ Jeffrey D. Kelly

	Title:		Chief Financial Officer
	
	RENAISSANCERE FINANCE INC.
		
	By:		 /s/ Jeffrey D. Kelly

	Title:		Chief Financial Officer

 (Signatures continue on the following page) 

Signature Page to Guaranty Agreement 

			
	Accepted and agreed to:
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

		
	By:		 /s/ Karen Hanke

	Title:		Managing Director

 Signature Page to Guaranty Agreement 

 EXHIBIT A 

GUARANTOR ACCESSION 

THIS GUARANTOR ACCESSION (this “Accession”), dated as of
            ,             , is executed and delivered by [NAME OF NEW GUARANTOR], a
            corporation (the “New Guarantor”), pursuant to the Guaranty Agreement referred to hereinbelow. 

Reference is made to the Amended and Restated Credit Agreement, dated as of May 15, 2015, among RenaissanceRe Holdings Ltd. (the
“Borrower”), the Lenders party thereto, and the Administrative Agent (as amended, modified, restated or supplemented from time to time, the “Credit Agreement”). In connection with and as a condition to the initial
and continued extensions of credit under the Credit Agreement, certain of the Borrower’s Subsidiaries have executed and delivered a Guaranty Agreement, dated as of May 15, 2015 (as amended, modified, restated or supplemented from time to
time, the “Guaranty Agreement”), pursuant to which such Subsidiaries have guaranteed the payment in full of the obligations of the Borrower under the Credit Agreement and the other Loan Documents (as defined in the Credit
Agreement). Capitalized terms used herein without definition shall have the meanings given to them in the Guaranty Agreement. 
 The
Borrower has agreed under the Credit Agreement to cause each of its Subsidiaries that issues or incurs any Debt (other than Excluded Debt) held by a non-affiliated party to become a party to the Guaranty Agreement as a guarantor thereunder. The New
Guarantor is such a Subsidiary. The New Guarantor will obtain benefits as a result of the continued extension of credit to the Borrower under the Credit Agreement, which benefits are hereby acknowledged, and, accordingly, desires to execute and
deliver this Accession. Therefore, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and to induce the Lenders to continue to extend credit to the Borrower
under the Credit Agreement, the New Guarantor hereby agrees as follows: 
 1. The New Guarantor hereby joins in and agrees to be bound by
each and all of the provisions of the Guaranty Agreement as a Guarantor thereunder. In furtherance (and without limitation) of the foregoing, pursuant to Section 1 of the Guaranty Agreement, the New Guarantor hereby irrevocably, absolutely and
unconditionally, and jointly and severally with each other Guarantor, guarantees to the Guaranteed Parties the full and prompt payment, at any time and from time to time as and when due (whether at the stated maturity, by acceleration or otherwise),
of all of the Guaranteed Obligations, and agrees to pay or reimburse upon demand all other obligations of the Guarantors under the Guaranty Agreement, all on the terms and subject to the conditions set forth in the Guaranty Agreement. 

2. The New Guarantor hereby represents and warrants that after giving effect to this Accession, each representation and warranty related to it
contained in the Credit Agreement is true and correct with respect to the New Guarantor as of the date hereof. 

  
 1 

 3. This Accession shall be a Loan Document (within the meaning of such term under the Credit
Agreement), shall be binding upon and enforceable against the New Guarantor and its successors and assigns, and shall inure to the benefit of and be enforceable by each Guaranteed Party and its successors and assigns. This Accession and its
attachments are hereby incorporated into the Guaranty Agreement and made a part thereof. 
 IN WITNESS WHEREOF, the New Guarantor has
caused this Accession to be executed by its duly authorized officer as of the date first above written. 
  

			
	[NAME OF NEW GUARANTOR]
		
	By:		  

		
	Title:		  

  
 2EX-10.3

 Exhibit 10.3 

FIRST AMENDMENT TO 

STANDBY LETTER OF CREDIT AGREEMENT 

(Uncommitted/Secured) 

This FIRST AMENDMENT TO STANDBY LETTER OF CREDIT AGREEMENT (this “First Amendment”), dated as of May 15, 2015, is
entered into among PLATINUM UNDERWRITERS BERMUDA, LTD., a Bermuda company (“Platinum Bermuda”), RENAISSANCE REINSURANCE U.S. INC., a Maryland corporation (“Platinum US” and, together with Platinum
Bermuda, the “Platinum Applicants”), RENAISSANCE REINSURANCE LTD., a Bermuda company (“RRL”), RENAISSANCERE SPECIALTY RISKS LTD., a Bermuda company (“RSRL”), DAVINCI REINSURANCE
LTD., a Bermuda company (“DaVinci” and, collectively with RRL and RSRL, the “Existing Applicants”), RENAISSANCERE HOLDINGS LTD., a Bermuda company (“Guarantor” and, collectively with the
Existing Applicants, the “Existing Credit Parties”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Bank”). 

RECITALS 
 A. The Existing
Credit Parties and the Bank are parties to a Standby Letter of Credit Agreement, dated as of December 23, 2014 (as amended, supplemented, restated or otherwise modified prior to the date hereof, the “Agreement”), pursuant to
which the Bank, in its sole discretion, may from time to time issue one or more standby letters of credit for the account of the Existing Applicants. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Agreement. 
 B. The Guarantor has requested that the Bank agree to add the Platinum Applicants as Applicants under the Agreement and to make
certain other amendments to the Agreement. The Bank has agreed to so amend the Agreement on the terms and conditions set forth herein. 

STATEMENT OF AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

AMENDMENTS TO AGREEMENT 

Effective upon the First Amendment Effective Date (as defined below), the Agreement shall be amended as follows: 

1.1 Joinder of Platinum Applicants. Each Platinum Applicant shall be deemed to be a party to and an “Applicant” under the
Agreement and shall be bound by all of the terms and provisions applicable to the Applicants under the Agreement. For purposes of clarity, effective upon the First Amendment Effective Date, the following parties shall be “Applicants” under
the Agreement: RRL, RSRL, DaVinci, Platinum Bermuda, and Platinum US. 

 1.2 Guaranty of Platinum Applicants. Section 20 of the Agreement is hereby amended to
provide that the Platinum Applicants shall each be deemed to be a “Guaranteed Applicant” under the Agreement. For purposes of clarity, effective upon the First Amendment Effective Date the following parties shall be “Guaranteed
Applicants” under the Agreement: RRL, RSRL, Platinum Bermuda, and Platinum US. 
 1.3 Amendment to Defined Term. The defined term
“Fee Letter” shall be amended and restated in its entirety as follows: 
 “Fee Letter” means the fee letter dated
as of May 15, 2015 (as amended, supplemented, restated or otherwise modified from time to time), between the Credit Parties and the Bank. 

ARTICLE II 
 CONDITIONS
OF EFFECTIVENESS 
 This First Amendment shall become effective as of the date (the “First Amendment Effective Date”)
when, and only when, each of the following conditions precedent shall have been satisfied: 
 2.1 Execution of First Amendment. The
Bank shall have received executed counterparts of this First Amendment duly executed by each Platinum Applicant and each Existing Credit Party (such parties collectively, the “Credit Parties”). 

2.2 Officer’s Certificate. The Bank shall have received a certificate, signed by an executive officer of Guarantor, in form and
substance reasonably satisfactory to the Bank, certifying that (A) all representations and warranties of the Credit Parties contained in the Agreement and the other Credit Documents (including the representations and warranties set forth in
Article IV hereof) are true and correct as of the First Amendment Effective Date, both immediately before and after giving effect to this First Amendment (except to the extent any such representation or warranty is expressly stated to have been made
as of a specific date, in which case such representation or warranty shall be true and correct as of such date), and (B) no Event of Default has occurred and is continuing, both immediately before and after giving effect to this First
Amendment. 
 2.3 Secretary’s Certificates. The Bank shall have received a certificate of the secretary, an assistant secretary
or other appropriate officer of each Platinum Applicant, in form and substance reasonably satisfactory to the Bank, certifying (i) that attached thereto is a true and complete copy of such Platinum Applicant’s organizational documents as
in effect on the date on which the resolutions referred to in clause (ii) below were adopted and on the First Amendment Effective Date, (ii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors
(or similar governing body) of such Platinum Applicant, authorizing the execution, delivery and performance of this First Amendment, and (iii) as to the incumbency and genuineness of the signature of each officer of such Platinum Applicant
executing this First Amendment, and attaching all such copies of the documents described above. 

  
 2 

 2.4 Good Standing Certificates. The Bank shall have received a certificate as of a recent
date of the good standing of each Platinum Applicant under the laws of their respective jurisdictions of organization from the Secretary of State (or comparable Governmental Authority) of such jurisdiction. 

2.5 Security Documents. The Bank shall have received Security Documents from each Platinum Applicant, including (i) a duly executed
Pledge Agreement made by such Platinum Applicant in favor of the Bank and (ii) a Control Agreement, duly executed by such Platinum Applicant, Custodian, and the Bank.  

2.6 Fees and Expenses. The Credit Parties shall have paid all reasonable out-of-pocket costs and expenses of the Bank in connection with
the preparation, negotiation, execution and delivery of this First Amendment (including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Bank with respect thereto). 

2.7 Termination of Existing Credit Facility. Concurrently with the First Amendment Effective Date, (i) all amounts outstanding
under the Third Amended and Restated Credit Agreement, dated April 9, 2014, among Platinum Underwriters Holdings, Ltd., the subsidiaries of Platinum Underwriters Holdings, Ltd. party thereto, the lenders party thereto, and the Bank, as
administrative agent (as amended, supplemented, restated or otherwise modified from time to time, the “Terminating Credit Agreement”) shall be repaid and satisfied in full, and (ii) all commitments to extend credit under the
Terminating Credit Agreement shall be terminated; and the Bank shall have received evidence of the foregoing satisfactory to it, including an executed payoff letter. 

2.8 Other Information. The Bank shall have received such other documents, certificates and instruments in connection with this First
Amendment and the other transactions contemplated hereby as it shall have reasonably requested. 
 ARTICLE III 

PLATINUM APPLICANTS’ EXISTING LETTERS OF CREDIT 

The parties hereto hereby agree that each letter of credit that (a) has been issued by the Bank for the account of any Platinum Applicant
under the Terminating Credit Agreement, and (b) is outstanding as of the First Amendment Effective Date shall be deemed Issued as of the First Amendment Effective Date as a Credit under the Agreement for the account of such Platinum Applicant,
and the payment obligations of the Platinum Applicants thereunder are guaranteed by the Guarantor as set forth in Section 20 of the Agreement. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Bank to enter into this First Amendment, each Credit Party represents and warrants to the Bank as follows: 

  
 3 

 4.1 Authorization; Enforceability. Such Credit Party has taken all necessary corporate
action to execute, deliver and perform this First Amendment and has validly executed and delivered this First Amendment. This First Amendment constitutes the legal, valid and binding obligation of such Credit Party, enforceable against it in
accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance, fraudulent transfer, moratorium or other similar laws affecting creditors’ rights generally or by general
equitable principles regardless of whether enforceability is considered in a proceeding in equity or at law. 
 4.2 Consents; No
Violation. Each Credit Party has received all other material consents and approvals (if any shall be required) necessary for the execution, delivery and performance of this First Amendment, and such execution, delivery and performance do not and
will not contravene or conflict with, or create a lien or right of termination or acceleration under, any legal requirements or contractual obligations binding upon such Credit Party. 

4.3 Representations and Warranties. The representations and warranties of such Credit Party contained in the Agreement and the other
Credit Documents are true and correct in all material respects as of the First Amendment Effective Date, both immediately before and after giving effect to this First Amendment, as though made on and as of such date (except to the extent any such
representation or warranty is expressly stated to have been made as of a specific date, in which case such representation or warranty shall be true and correct as of such date). 

ARTICLE V 

ACKNOWLEDGEMENT AND CONFIRMATION OF EXISTING CREDIT PARTIES 

Each Existing Credit Party hereby confirms and agrees that, after giving effect to this First Amendment, and except as expressly amended
hereby, the Agreement and the other Credit Documents to which it is a party remain in full force and effect and enforceable against it in accordance with their respective terms and shall not be discharged, diminished, limited or otherwise affected
in any respect. Each Existing Credit Party represents and warrants to the Bank that as of the First Amendment Effective Date it has no knowledge of any claims, counterclaims, offsets, or defenses to or with respect to its obligations under the
Credit Documents, or if such Credit Party has any such claims, counterclaims, offsets, or defenses to the Credit Documents or any transaction related to the Credit Documents, the same are hereby waived, relinquished, and released in consideration of
the execution of this First Amendment. The amendments contained herein shall not, in any manner, be construed to constitute payment of, or impair, limit, cancel or extinguish, or constitute a novation in respect of, the Obligations of the Existing
Credit Parties evidenced by or arising under the Agreement and the other Credit Documents. This acknowledgement and confirmation by the Existing Credit Parties is made and delivered to induce the Bank to enter into this First Amendment, and the
Existing Credit Parties acknowledge that the Bank would not enter into this First Amendment in the absence of the acknowledgement and confirmation contained herein. 

  
 4 

 ARTICLE VI 

MISCELLANEOUS 
 6.1
Governing Law. This First Amendment shall be governed by and construed and enforced in accordance with the laws of the State of New York. 

6.2 Credit Document. As used in the Agreement, “hereinafter,” “hereto,” “hereof,” and words of similar
import shall, unless the context otherwise requires, mean the Agreement after amendment by this First Amendment. Any reference to the Agreement or any of the other Credit Documents herein or in any such documents shall refer to the Agreement and
Credit Documents as amended hereby. This First Amendment is limited to the matters expressly set forth herein, and shall not constitute or be deemed to constitute an amendment, modification or waiver of any provision of the Agreement except as
expressly set forth herein. This First Amendment shall constitute a Credit Document under the terms of the Agreement. 
 6.3
Severability. To the extent any provision of this First Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision shall be ineffective only to the extent of such prohibition or invalidity and only in
any such jurisdiction, without prohibiting or invalidating such provision in any other jurisdiction or the remaining provisions of this First Amendment in any jurisdiction. 

6.4 Successors and Assigns. This First Amendment shall be binding upon, inure to the benefit of and be enforceable by the respective
successors and permitted assigns of the parties hereto. 
 6.5 Construction. The headings of the various sections and subsections of
this First Amendment have been inserted for convenience only and shall not in any way affect the meaning or construction of any of the provisions hereof. 

6.6 Counterparts; Integration. This First Amendment may be executed and delivered via facsimile or electronic mail with the same force
and effect as if an original were executed and may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures hereto were upon the same instrument. This First Amendment constitutes the
entire contract among the parties hereto with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof. 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed by
their duly authorized officers as of the date first above written. 
  

			
	PLATINUM APPLICANTS:
	
	PLATINUM UNDERWRITERS BERMUDA, LTD.
		
	By:		 /s/ Todd R. Fonner

	Name: Todd R. Fonner
	Title: SVP
	
	RENAISSANCE REINSURANCE U.S. INC.
		
	By:		 /s/ N. Adriana Nivia

	Name: N. Adriana Nivia
	Title: SVP, CFO and Treasurer

 
			
	EXISTING APPLICANTS:
	
	RENAISSANCE REINSURANCE LTD.
		
	By:		 /s/ Todd R. Fonner

	Name: Todd R. Fonner
	Title: SVP
	
	RENAISSANCERE SPECIALTY RISKS LTD.
		
	By:		 /s/ Todd R. Fonner

	Name: Todd R. Fonner
	Title: SVP
	
	DAVINCI REINSURANCE LTD.
		
	By:		 /s/ Todd R. Fonner

	Name: Todd R. Fonner
	Title: SVP
	
	GUARANTOR: 
	
	RENAISSANCERE HOLDINGS LTD.
		
	By:		 /s/ Jeffrey D. Kelly

			Name: Jeffrey D. Kelly
			Title: EVP

 
			
	BANK:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:		 /s/ Karen Hanke

			Name: Karen Hanke
			Title: Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00245-of-00352.parquet"}]]