PartnerRe Ltd. Provides January 2011 Non-Life Renewal Data

PEMBROKE, Bermuda – 28 January, 2011 - PartnerRe Ltd. (NYSE,Euronext:PRE) announced that during the January 1, 2011 treaty renewal season it expects to write and bind approximately $1.8 billion of Non-Life treaty premium. On a constant foreign exchange basis, this represents a decline of 16% from the renewable premium base.

The renewal information does not include U.S. agriculture which renews later in the first quarter. In addition, approximately $50 million of expected written premium is still in process.

The Company renews approximately 55% percent of its total annual Non-Life treaty business on January 1. The remainder is comprised of treaty business that renews at other times during the year. In addition to treaty business, the Company writes approximately $430 million of facultative business which renews through the year.

PartnerRe President & Chief Executive Officer Costas Miranthis said, "Overall, this is an acceptable result for the January 1 renewal, in light of current market conditions, and reflects some repositioning of the portfolio on business that was previously written by PARIS RE. We are pleased that despite the price declines in the market, we were able to maintain the overall technical profitability of our portfolio by retaining the business with better risk adjusted returns."

Mr. Miranthis added, "With our strong market position, access to a broad range of reinsurance markets, and active capital allocation, we are prepared for potentially persistent stagnant market conditions, and well-positioned to respond quickly when the environment improves."

The tables below outline PartnerRe's January 1, 2011 Non-Life treaty renewals and the distribution of risk capital deployed in underwriting the renewals. Risk capital deployed is an internal measure the Company has determined as being necessary to support its underwriting risks. The amount of risk capital deployed at January 1, 2011 has decreased 12% when compared to that deployed at January 1, 2010.

NOTE: This table shows only underwriting risk capital deployed at January 1 and does not include capital to support other risks, including reserving and asset risks. Changes in distribution reflect changes in mix of business, and refinements in methodology. The percentages shown here are not necessarily indicative of full-year trends.

PartnerRe is scheduled to release fourth quarter and full year 2010 results after the close of trading on Monday, February 7, 2011. PartnerRe Management will conduct a conference call and webcast on Tuesday, February 8, 2011 at 10:00 a.m. Eastern to discuss results and provide additional information on the January 1, 2011 renewals.

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PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets 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, multiline and other lines, mortality, longevity and health, and alternative risk products. For the year ended December 31, 2009, total revenues were $5.4 billion. At September 30, 2010, total assets were $24.3 billion, total capital was $8.4 billion and total shareholders' equity was $7.6 billion.

PartnerRe on the Internet: www.partnerre.com

Contacts:

PartnerRe Ltd: – (441) 292-0888

Investor Contact: Robin Sidders

Media Contact: Celia Powell

Sard Verbinnen & Co: - Drew Brown/Briana Kelly - (212) 687-8080