Exhibit 23.3



                         CONSENT OF INDEPENDENT AUDITORS

We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form S-3 No. 333-00000) and related prospectus of
RenaissanceRe Holdings Ltd. for the registration of $500,000,000 of its
securities and to the incorporation by reference therein of our reports dated
January 26, 2001, with respect to the consolidated financial statements and
schedules of RenaissanceRe Holdings Ltd. included in its Annual Report (Form
10-K) for the year ended December 31, 2000, filed with the Securities and
Exchange Commission.


/s/ Ernst & Young
Hamilton, Bermuda
February 22, 2002