-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VQqwSQGVL05nEW67abMPl2E9P0AEWqUr2KqdvAVREpJKqmAR6bz2wUBUsYUO1NGR 7qLDXixQq3pTo4BVVNRK0Q== 0000950103-04-001190.txt : 20040819 0000950103-04-001190.hdr.sgml : 20040819 20040819171414 ACCESSION NUMBER: 0000950103-04-001190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040819 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARTNERRE LTD CENTRAL INDEX KEY: 0000911421 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14536 FILM NUMBER: 04986977 BUSINESS ADDRESS: STREET 1: 96 PITTS BAY RD STREET 2: CHESNEY HOUSE CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 08 BUSINESS PHONE: 14412920888 MAIL ADDRESS: STREET 1: PARTNERRE LTD STREET 2: 96 PITTS BAY ROAD CHESNEY HOUSE CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 08 FORMER COMPANY: FORMER CONFORMED NAME: PARTNER RE HOLDINGS LTD DATE OF NAME CHANGE: 19950725 8-K 1 aug1904_8k.htm aug1904_8k

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):
August 19, 2004

PartnerRe Ltd.
(Exact Name of Registrant as Specified in Its Charter)

Bermuda  0-2253  Not Applicable 
(State or Other Jurisdiction  (Commission File Number)  (I.R.S. Employer 
of Incorporation)    Identification No.) 
ChesneyHouse, 96 Pitts Bay Road, Pembroke, Bermuda 
  (Address of Principal Executive Offices)   

HM 08
(Zip Code)

(441) 292-0888
(Registrant's Telephone Number, Including Area Code)








Item 9. Regulation FD Disclosure

     The following information is filed pursuant to Item 9, "Regulation FD Disclosure." On August 19, 2004, PartnerRe Ltd. issued a press release relating to its exposure as a result of Hurricane Charley. The press release is attached as exhibit 99.1.






SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PartnerRe Ltd. 
(Registrant) 
 
 
By: /s/ Amanda Sodergren 
 
Name:     Amanda Sodergren 
Title:     Associate General Counsel 

Date: August 19, 2004



EX-99.1 2 aug1904_ex9901.htm aug1904_ex9901

Exhibit 99.1

News Release

PartnerRe Ltd. Estimates Claims from its Exposure to Hurricane Charley will be between $35-$45 million

PEMBROKE, Bermuda, August 19, 2004 -- PartnerRe Ltd. (NYSE:PRE) today announced that claims relating to its exposure to Hurricane Charley are expected to be between $35 -$45 million.

PartnerRe President and CEO Patrick Thiele said, "Our estimate is based on our proprietary model's estimate of industry insured losses of approximately $6.5 - $8 billion, as well as a detailed treaty by treaty analysis of both our Bermuda and U.S. operations.

"The level of our estimated claims is consistent with the characteristics of our diversified book of business, as well as with the characteristics of the event itself, which followed a narrow path over Cuba, through Florida, and eventually into the Carolinas," said Mr. Thiele.

The Company continues to expect that, barring any unusually large loss events, it will exceed its stated plan for 2004 of a minimum of $6.90 in operating earnings per share, and an operating return on equity of at least 17%.

___________________________________________________________

PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering/energy, marine, special risks, other lines, life/annuity and health, and alternative risk transfer solutions. At year-end 2003, total revenues were $3.9 billion. As of June 30, 2004, total assets were $11.8 billion, total capitalization was $3.3 billion and total shareholders' equity was $2.7 billion. Our major reinsurance operations have ratings of AA- from Standard & Poor's, Aa3 from Moody's, A+ from A.M. Best, and AA from Fitch.

PartnerRe on the Internet: www.partnerre.com

Forward-looking statements contained in this press release are based on the Company's assumptions and expectations concerning future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation


PartnerRe Ltd.                     Telephone +1 441 292 0888 
Chesney House,                     Fax +1 441 292 6080 
96 Pitts Bay Road                     www.partnerre.com 
Pembroke, Bermuda HM 08     






News Release

Reform Act of 1995. Such statements are subject to significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. PartnerRe's forward-looking statements could be affected by numerous foreseeable and unforeseeable events and developments such as exposure to catastrophe or other large losses, adequacy of reserves, risks associated with implementing business strategies, levels and pricing of new and renewal business achieved, credit, interest, currency and other risks associated with the Company's investment portfolio and other factors identified in the Company's filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking information contained herein, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. The Company disclaims any obligation to publicly update or revise any forward-looking information or statements.

Contacts:         PartnerRe Ltd.                   Citigate Sard Verbinnen 
         (441) 292-0888                   (212) 687-8080 
         Investor Contact: Robin Sidders                   Jim Barron/Hallie Bozzi 
         Media Contact: Celia Powell     

 


PartnerRe Ltd.                     Telephone +1 441 292 0888 
Chesney House,                     Fax +1 441 292 6080 
96 Pitts Bay Road                     www.partnerre.com 
Pembroke, Bermuda HM 08     

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