Exhibit 5.2

[Letterhead of Conyers Dill and Pearman]

March 17^th, 2010

Dear Sirs

RenaissanceRe Holdings Ltd. (the “Company”)

We have acted as special legal counsel in Bermuda to the Company in connection with the filing by the Company with the United States Securities and Exchange Commission (the “SEC”) of a prospectus supplement dated March 12^th, 2010 (the “Prospectus Supplement”) to the registration statement on Form S-3ASR (Registration Statement No. 333-143585) filed by the Company with the SEC on June 7^th, 2007 (the “Registration Statement”) in relation to the issuance by RenRe North America Holdings Inc., a wholly-owned subsidiary of the Company (“RRNAH”), of the aggregate principal amount of US$250,000,000 of 5.750% senior unsecured debt securities due March 15^th, 2020 (the “Notes”) and the Company’s irrevocable and unconditional guarantee in respect thereof pursuant to a senior debt securities guarantee agreement dated March 17^th, 2010 (the “Guarantee”) between the Company, as guarantor, and Deutsche Bank Trust Company Americas, as guarantee trustee (the “Trustee”). The Notes are being issued under that certain indenture dated as of March 17^th, 2010 (the “Base Indenture”) among RRNAH, as issuer, the Company, as guarantor, and the Trustee, as guarantee trustee, as supplemented by the first supplemental indenture dated as of March 17^th, 2010 (the “First Supplemental Indenture”, and together with the Base Indenture, the “Indenture”).

The Prospectus Supplement, the Registration Statement and the Guarantee are herein sometimes collectively referred to as the “Documents” (which term does not include any other instrument or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto).

We have also reviewed the memorandum of association and the bye-laws of the Company (together the “Constitutional Documents”), each certified by the Secretary of the Company on March 17^th, 2010, copies of the minutes of a meeting of the Company’s directors held on February 20^th, 2008, copies of the minutes of a meeting of the Company’s Offerings Committee held on March 12^th, 2010 (collectively, the “Resolutions”) and such other documents and made such enquiries as to questions of law as we have deemed necessary in order to render the opinion set forth below.

CD&P

We have assumed (a) the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified) examined by us and the authenticity and completeness of the originals from which such copies were taken; (b) that where a document has been examined by us in draft form, it will be or has been executed and/or filed in the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention; (c) the accuracy and completeness of all factual representations made in the Documents and other documents reviewed by us; (d) that the Resolutions were passed at one or more duly convened, constituted and quorate meetings or by unanimous written resolutions, remain in full force and effect and have not been rescinded or amended; (e) that the Constitutional Documents will not be amended in any manner that would affect the opinions expressed hereon; (f) that all necessary corporate action will be taken to authorise and approve the issuance of the Notes, the terms of the offering thereof and all related matters; (g) that the applicable indenture and any applicable supplements thereto will be duly approved, executed and delivered by or on behalf of the Company and all other parties thereto; (h) that the Company will comply, to the extent applicable, with the requirements of Part III of the Companies Act 1981 (entitled “Prospectus and Public Offers”); and (i) the capacity, power and authority of all parties other than the Company to enter and perform their respective obligations under any and all documents entered into by such parties in connection with the issuance of the Notes and the due execution and delivery thereof by each party thereto; (j) that none of the parties to such documents will have carried on or will carry on activities, other than the performance of their obligations under such documents, which would constitute the carrying on of investment business in or from Bermuda; and (k) that there is no provision of the law of any jurisdiction, other than Bermuda, which would have any implication in relation to the opinions expressed herein.

We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than Bermuda. This opinion is to be governed by and construed in accordance with the laws of Bermuda and is limited to and is given on the basis of the current law and practice in Bermuda. This opinion is issued solely for the purpose of the filing of the Prospectus Supplement with the SEC and is not to be relied upon in respect of any other matter.

On the basis of and subject to the foregoing, we are of the opinion that:

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CD&P

We hereby consent to the use of this opinion as an exhibit to the Registration Statement and to the references to our firm in the Prospectus Supplement forming part of the Registration Statement. In giving such consent, we make no admission that we are experts within the meaning of Section 11 of the United States Securities Act of 1933 (the “Securities Act”) or that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the SEC promulgated thereunder.

Yours faithfully

/s/ Conyers Dill & Pearman

Conyers Dill & Pearman

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