Yes, it is very likely that this is an Italian artist Luigi Renault (Luigi Renault, 1845 - 1910). The signature looks like (see 1 - the signature more typical of his paintings and watercolors, he wrote for the British), and such subjects he has (see 2). By the way, his signature is not very stable. Usually it is "weave" in the beginning of the signature initials "L", and set the place of writing, for example, "Leghorn", ie Livorno, Livorno (see 3). Biography of it is on the site:
http://www.rkingfinearts.com/_webapp...enault, _Luigi