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Dr. Jürgen Zech Appointed to PartnerRe's Board of Directors

PEMBROKE, BERMUDA: October 3, 2002 - PartnerRe Ltd. (NYSE:PRE) today announced that Dr. Jürgen has been appointed to its Board of Directors.

Dr. Zech, 63, has more than 25 years experience as an executive in the insurance business. Most recently he held the position of Chairman of the Board of Management of Gerling-Konzern Versicherungs Beteiligungs-AG in Germany, from which he retired in 2001. Dr. Zech holds a Doctorate in business economics.

PartnerRe President and CEO, Patrick Thiele, commented, "Our Chairman John Rollwagen joins me in welcoming Dr. Zech to our Company. His in-depth experience and strong background in insurance will be a substantial asset to our Board, and we look forward to drawing on his expertise as we continue to grow our Company."