Bermuda Stock Exchange

BSX Shorts February 2007 Edition

PartnerRe Declares Dividends On Series C Cumulative Redeemable Preferred Shares and Series D Cumulative Redeemable Preferred Shares

Pembroke, Bermuda: February 9, 2007 -- PartnerRe Ltd. (NYSE: PRE, BSX: PRE BH) announced that its Board of Directors has declared a dividend for the period December 1, 2006 - February 28, 2007 of $0.421875 per share on the Company's 6.75% Series C Cumulative Redeemable Preferred Shares, and $0.40625 per share on the Company's 6.5% Series D Cumulative Redeemable Preferred Shares. The dividends will be payable on March 1, 2007, to shareholders of record on February 19, 2007.

PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company also offers alternative risk products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2006, total revenues were $4.2 billion, total assets were $14.9 billion, total capital was $4.7 billion and total shareholders' equity was $3.8 billion.

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