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PartnerRe Ltd. Announces Distribution on Capital Trust Preferred Securities
PEMBROKE, BERMUDA, September 9, 2005 - PartnerRe Ltd. (NYSE:PRE) today announced that payment of a distribution on Capital Trust I Preferred Securities will be made on September 30, 2005. Payment will be to shareholders of record on September 20, 2005. The distribution on the Capital Trust I Preferred Securities will be $0.49375 per share.
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. For the year ended December 31, 2004, total revenues were $4.2 billion. As of June 30, 2005 total assets were $13.0 billion, total capitalization was $3.9 billion and total shareholders' equity was $3.5 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.
PartnerRe on the Internet: www.partnerre.com
Contacts:
PartnerRe Ltd.
(441) 292-0888
Investor Contact: Robin Sidders, Investor Relations
Media Contact: Celia Powell, Corporate Communications
Citigate Sard Verbinnen
(212) 687-8080
Jim Barron/Hallie Bozzi