Credit Facilities, Trusts and Other Collateral Arrangements We also maintain various other arrangements that allow us to access liquidity and satisfy collateral requirements, including revolving credit facilities, letter of credit facilities, and regulatory trusts, as well as other types of trust and collateral arrangements. Regulatory and other requirements to post collateral to support our reinsurance obligations could impact our liquidity. For example, many jurisdictions in the U.S. do not permit insurance companies to take credit for reinsurance obtained from unlicensed or non-admitted insurers on their statutory financial statements unless security is posted, so our contracts generally require us to post a letter of credit or provide other security ( e.g. , through a multi-beneficiary reinsurance trust). In addition, if we were to fail to comply with certain covenants in our debt agreements, we may have to pledge additional collateral. Letter of Credit and Revolving Credit Facilities We and certain of our subsidiaries, joint ventures, and managed funds maintain secured and unsecured revolving credit facilities and letter of credit facilities that provide liquidity and allow us to satisfy certain collateral requirements. The outstanding amounts drawn under each of our significant credit facilities are set forth below: At December 31, 2021 Issued or Drawn (in thousands) Revolving Credit Facility (1)  S Medici Revolving Credit Facility (2) 30,000 Bilateral &etter of Credit Facilities Secured 410,440 Unsecured 369,324 Funds at &loyd’s &etter of Credit Facility 2,000  1,084,64 (1) At December 31, 2021 , no amounts were issued or drawn under this facility. (2) RenaissanceRe owns a noncontrolling economic interest in Medici. Because RenaissanceRe controls all of Medici’s outstanding voting rights, the financial statements of Medici are included in RenaissanceRe’s consolidated financial statements. The drawn amount of the Medici revolving credit facility is included on the Company’s consolidated balance sheets under debt . Refer to VNote 9. Debt and Credit FacilitiesW in our VNotes to the Consolidated Financial StatementsW for additional information related to our significant debt and credit facilities. Funds at Lloyd’s As a member of &loyd’s, the underwriting capacity, or stamp capacity, of Syndicate 148 must be supported by providing a deposit, the FA&, in the form of cash, securities or letters of credit. At December 31, 2021, the FA& required to support the underwriting activities at &loyd’s through Syndicate 148 was O6.0 million (2020 - O696.2 million). Actual FA& posted for Syndicate 148 at December 31, 2021 by RenaissanceRe CC& was 983.4 million ( 2020 - 84.2 million), supported by a 2.0 million letter of credit and a 08.4 million deposit of cash and fixed maturity securities (2020 - 22.0 million and 649.2 million, respectively). Refer to VNote 9. Debt and Credit FacilitiesW in our VNotes to the Consolidated Financial StatementsW for additional information related to this letter of credit facility. 92