PartnerRe Ltd. Announces Successful Completion of Acquisition of Presidio Specialty Accident & Health Underwriting Platform

PEMBROKE, Bermuda – 03 January, 2013 - PartnerRe Ltd. (NYSE,Euronext: PRE; BSX: PRE.BH) has announced the successful completion of its previously announced acquisition of California-based Presidio Reinsurance Group, a leading U.S. specialty accident and health reinsurance and insurance writer. All required regulatory approvals have been obtained.

The Presidio Reinsurance Group currently underwrites approximately $250 million of accident and health premiums. The Presidio Reinsurance Group was formed in 1994 and is a leading writer of HMO reinsurance and provider of stop-loss insurance in the US. Additionally, it writes medical treaty reinsurance, employer stop-loss insurance, and accident insurance and reinsurance.

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, 2011, total revenues were $5.4 billion, and at September 30, 2012, total assets were $23.6 billion, total capital was $7.9 billion and total shareholders’ equity was $7.1 billion.

PartnerRe on the Internet: www.partnerre.com

Investor Contact:

Robin Sidders, 441-292-0888

Media Contact:

Celia Powell, 441-292-0888

or

Sard Verbinnen & Co.

Drew Brown/Daniel Goldstein, 212-687-8080