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Kevin M. Twomey Appointed To PartnerRe's Board of Directors

Hamilton, Bermuda: June 6, 2003 - PartnerRe Ltd. (NYSE:PRE) today announced that Kevin M. Twomey has been appointed to its Board of Directors.

Mr. Twomey, 56, is the President and Chief Operating Officer of The St. Joe Company, a New York Stock Exchange (JOE) listed real estate operating company engaged in residential, resort and commercial development and Florida's largest landowner. Prior to joining St. Joe in 1999, Mr. Twomey held various senior finance positions during his 20-year career in the financial services industry. Prior to that, Mr. Twomey was an officer in the U.S. Navy.

PartnerRe President and CEO, Patrick Thiele, commented, "Our Chairman joins me in welcoming Kevin to PartnerRe. Kevin's general management experience along with his strong financial background with large financial institutions will be a real asset to the Company and the board as we continue to broaden our range of capabilities and effectively compete in today's challenging reinsurance marketplace."