PartnerRe Ltd. Gains Shareholder Approval for Proposals Related to the Acquisition of PARIS RE

PEMBROKE, Bermuda - 24 September, 2009 - PartnerRe Ltd. (NYSE:PRE) ("the Company") announced that at a Special General Meeting held today, PartnerRe shareholders approved all of the proposals unanimously recommended by the Company's Board of Directors to effect the Company's proposed acquisition of PARIS RE, a French-listed, Swiss-based diversified reinsurer.

The proposals PartnerRe shareholders were asked to vote on were: a proposal to approve the issuance PartnerRe common shares in connection with the series of transactions to acquire PARIS RE; a proposal to increase the size of the Board of Directors to 12 from 11; and a proposal to amend the Company's existing equity plan to increase the number of PartnerRe common shares available for issuance and to increase the number of PartnerRe common shares that may be awarded to employees as restricted shares or restricted share units.

PartnerRe is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company through its wholly owned subsidiaries 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, 2008, total revenues were $4.0 billion. At June 30, 2009, total assets were $17.0 billion, total capital was $5.3 billion and total shareholders' equity was $4.8 billion.

PartnerRe on the Internet: www.partnerre.com

Contacts:

PartnerRe Ltd. - (441) 292-0888    

Sard Verbinnen & Co : (212) 687-8080

Investor Contact: Robin Sidders Drew Brown/Jane Simmons

Media Contact: Celia Powell