RenaissanceRe Chooses Algo Risk Service

Toronto/London - December 11, 2007 -

Algorithmics announced today that RenaissanceRe Holdings Ltd. has selected Algo Risk Service, a web-based portfolio construction and risk management service, to advance its risk culture.

RenaissanceRe Holdings Ltd. is based in Bermuda and is one of the world's largest reinsurers of natural and man-made catastrophes. Sean Brosnan of RenaissanceRe said, 'We have chosen the Algo Risk Service as a complete risk management solution for our investment portfolio covering all asset categories, including derivative instruments, with the goal of understanding the risk profile of our financial assets with the same sophistication we attempt to achieve in understanding our catastrophe liabilities.'

'I believe the web-hosted environment will provide us with the flexibility we need to analyze and stress test our specific scenarios as well as meet our reporting requirements.'

The Algo Risk Service incorporates thousands of scenarios giving investment managers and risk managers the ability to test and measure portfolios against a bespoke set of risks. Analysis can be performed and aggregated across any criteria the client chooses, such as asset type, credit rating, issuer or industry sector. The service offers a complete portfolio construction and risk oversight solution, without the costs of a complex implementation or infrastructure.

Andrew Aziz, Algorithmics' Executive Vice President of risk solutions said, 'I am very pleased that RenaissanceRe has chosen the Algo Risk Service - they are a very welcome addition to our growing Managed Services client base and an important step in advancing the solution within the property and casualty insurance sector.'

'We look forward to working with RenaissanceRe to apply risk management solutions to improve the way they align their assets and liabilities.'

Notes to Editors:

RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance to cover the risk of natural and man-made catastrophes. Founded in Bermuda in 1993, it is now one of the world´s leading catastrophe reinsurers and has also established a significant franchise as a specialty reinsurer for a wide range of coverages. Its management expertise, disciplined underwriting approach, sophisticated risk models and responsive client service have earned it a reputation for excellence throughout the industry. RenaissanceRe is traded on the New York Stock Exchange under the ticker symbol 'RNR'. Algorithmics is the world's leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

Algo Risk Service provides a fully integrated, flexible platform for assessing future risk across an organization in a single, consistent, rigorous environment covering all investment strategies across all risk factors and asset classes. It covers both traditional assets and sophisticated, structured products. Offered as a managed service, clients access the solution via a web browser. All the Algo Risk Service software and computing power is hosted by Algorithmics, allowing the cost of ownership to be dramatically reduced.

Fitch Group is the parent company of Fitch Ratings, a global rating agency dedicated to providing the world's credit markets with independent and prospective credit opinions, research and data. The Fitch Group also includes Derivative Fitch, an independent provider of a suite of ratings and comprehensive services for the credit derivatives market; Algorithmics, the world's leading provider of enterprise risk solutions; and Fitch Training, which offers high-quality analytical training for financial professionals. The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com; www.algorithmics.com; www.fitchtraining.com; and www.fimalac.com.

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