RENAISSANCERE HOLDINGS LTD
SC 13G/A, 2000-01-07
FIRE, MARINE & CASUALTY INSURANCE
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934

                                 Amendment No. 6

                           RenaissanceRe Holdings Ltd.
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                    Common Shares, par value $1.00 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    G7496G103
                                    ---------
                                 (CUSIP Number)

                                December 1, 1999
- --------------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                               Page 1 of 7 Pages

<PAGE>


- -------------------                                            -----------------
CUSIP No. G7496G103                    13G                     Page 2 of 7 Pages
- -------------------                                            -----------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

           Warburg, Pincus Investors, L.P.
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]
                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
- ---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             1,543,748
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,543,748
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,543,748
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
           SHARES*                                                           [ ]
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           7.8%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           PN
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>


- -------------------                                            -----------------
CUSIP No. G7496G103                    13G                     Page 3 of 7 Pages
- -------------------                                            -----------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)

           Warburg, Pincus & Co.
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]
                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
- ---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           New York
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            40,687
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             1,543,748
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 40,687
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,543,748
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,584,435
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
           SHARES*                                                           [ ]
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           8.0%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           PN
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!



<PAGE>


- -------------------                                            -----------------
CUSIP No. G7496G103                    13G                     Page 4 of 7 Pages
- -------------------                                            -----------------

- ---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           E.M. Warburg, Pincus & Co., LLC
- ---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                         (a) [ ]

                                                                         (b) [X]

- ---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
- ---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           New York
- -------------------- ------ ----------------------------------------------------
                         5  SOLE VOTING POWER

                            -0-
                     ------ ----------------------------------------------------
     NUMBER OF           6  SHARED VOTING POWER
      SHARES
   BENEFICIALLY             1,543,748
     OWNED BY
       EACH          ------ ----------------------------------------------------
     REPORTING           7  SOLE DISPOSITIVE POWER
      PERSON
       WITH                 -0-
                     ------ ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            1,543,748
- ---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           1,543,748
- ---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
           SHARES*                                                           [ ]
- ---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

           7.8%
- ---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           OO
- ---------- ---------------------------------------------------------------------

                      *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>


     This Amendment No. 6 amends the Schedule 13G initially filed by the
Reporting Entities on February 8, 1996 (as amended, the "Schedule 13G"),
relating to the Common Shares, par value $1.00 per share (the "Common Shares"),
of RenaissanceRe Holdings Ltd., a Bermuda company, and is being filed pursuant
to Rule 13d-2 of the General Rules and Regulations under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). Unless otherwise indicated, all
capitalized terms used but not defined herein shall have the same meaning as set
forth in the Schedule 13G.

     Introductory Note.
     ------------------

     The Reporting Entities are hereby reporting a change in their beneficial
ownership of the Common Shares caused by the distribution on December 1, 1999,
by Warburg, Pincus Investors, L.P. ("WPI") of an aggregate of 1,331,248 Common
Shares to the partners of WPI. The sole general partner of WPI, Warburg, Pincus
& Co., a New York general partnership ("WP"), in turn distributed a portion of
the shares of Common Stock it received to its partners (collectively, the
"Distribution"). E.M. Warburg, Pincus & Co., LLC, a New York limited liability
company ("EMW LLC"), manages WPI. As a result of the Distribution, WPI directly
owns 1,543,748 Common Shares and WP directly owns 40,687 Common Shares. With
respect to such Common Shares now owned directly by WP, this Amendment is being
filed solely to reflect a change in ownership from indirect to direct.

     As a result of such transactions, the percentage of Common Stock that may
be deemed to be beneficially owned by the Reporting Entities has decreased from
12.6% to 7.8% in the case of WPI and EMW LLC, and from 13.0% to 8.0% in the case
of WP.

Item 4. Ownership
        ---------

     Item 4 of the Schedule 13G is hereby amended by deleting such item in its
entirety and replacing it with the following:

Item 4.             Ownership of WP:
- -------             ----------------

                    (a) 1,584,435 Common Shares, as of
                        December 1, 1999.
                    (b) 8.0%
                    (c) (i)   40,687
                        (ii)  1,543,748
                        (iii) 40,687
                        (iv)  1,543,748

                               Page 5 of 7 Pages

<PAGE>


                    Ownership of WPI and EMW LLC:
                    -----------------------------

                    (a) 1,543,748 Common Shares, as of
                        December 1, 1999.
                    (b) 7.8%
                    (c) (i)   -0-
                        (ii)  1,543,748
                        (iii) -0-
                        (iv)  1,543,748


                               Page 6 of 7 Pages

<PAGE>


                                    SIGNATURE
                                    ---------

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated: January 7, 2000

                                        WARBURG, PINCUS INVESTORS, L.P.

                                        By: Warburg, Pincus & Co.,
                                            General Partner


                                        By: /s/ Stephen Distler
                                            ------------------------------
                                            Name:  Stephen Distler
                                            Title: Partner


                                        WARBURG, PINCUS & CO.


                                        By: /s/ Stephen Distler
                                            ------------------------------
                                            Name:  Stephen Distler
                                            Title: Partner


                                        E.M. WARBURG, PINCUS & CO., LLC


                                        By: /s/ Stephen Distler
                                            ------------------------------
                                            Name:  Stephen Distler
                                            Title: Member


                               Page 7 of 7 Pages



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