appointment of Costas Miranthis to the position of Chief Actuarial Officer. Mr. Miranthis will
have overall responsibility for the Company's actuarial function and risk management, including
oversight of the Company's reserve setting and capital allocation processes. He will be based in
Bermuda and report to Albert Benchimol, Executive Vice President and Chief Financial Officer.
Mr. Miranthis holds a MA in Economics from Christ's College, Cambridge University, UK. He
is a Fellow of the Institute of Actuaries and a Member of the American Academy of Actuaries.
Since 1997, he has been a principal with the leading international actuarial consulting firm,
Tillinghast-Towers Perrin in London, UK, where his responsibilities have included managing the
European non-life business, and its mergers and acquisitions practice in Europe.
"Costas' extensive experience and his international business orientation make him a natural fit
with PartnerRe's global reinsurance franchise," said Patrick Thiele, President & Chief Executive
Officer. "We look forward to Costas making significant contributions to our enterprise risk
management and capital allocation functions, and to ensure the continued strength of our balance
sheet."
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PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance
companies through its wholly owned subsidiaries, Partner Reinsurance Company, PartnerRe
U.S. and PartnerRe S.A. Risks reinsured include property, catastrophe, agriculture, motor,
casualty, marine, aviation/space, credit/surety, technical and miscellaneous lines, life/annuity
and health. As of March 31, 2002, total assets were $7.6 billion, total capitalization was $2.4
billion and total shareholders' equity was $1.8 billion.
PartnerRe on the Internet: www.partnerre.com
Contacts:
PartnerRe Ltd.
(441) 292-0888
Investor Contact: Diane Newman, Investor Relations
Media Contact: Celia Powell, Corporate Communications
Citigate Sard Verbinnen
(212) 687-8080
Jim Barron/Hallie Bozzi