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PartnerRe Ltd. Announces Distribution on Capital Trust Preferred Securities
PEMBROKE, BERMUDA: March 11, 2005 - PartnerRe Ltd. (NYSE:PRE) today announced that payment of a distribution on Capital Trust I Preferred Securities will be made on March 31, 2005. Payment will be to shareholders of record on March 21, 2005. The distribution on the Capital Trust I Preferred Securities will be $0.49375 per share.
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PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering/energy, marine, special risks, other lines, life/annuity and health, and alternative risk transfer solutions. At December 31, 2004, total revenues were $4.2 billion, total assets were $12.5 billion, total capitalization was $3.8 billion and total shareholders' equity was $3.4 billion. Our major reinsurance operations have ratings of AA- from Standard & Poor's, Aa3 from Moody's, A+ from A.M. Best, and AA from Fitch.