-----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, LXuuH4N4/Rsk4PeVojE9sy295Oxc7y761PV0HyBicn3zKVDoSdQnuM2qGpVlSr09 19N9u5ThuFg5vmislxgDaw== 0000950103-05-002225.txt : 20051025 0000950103-05-002225.hdr.sgml : 20051025 20051025154247 ACCESSION NUMBER: 0000950103-05-002225 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051025 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051025 DATE AS OF CHANGE: 20051025 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: 051154413 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 oct2505_8k.htm

     
  UNITED STATES   
  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):   October 25, 2005

 
PartnerRe Ltd.
(Exact Name of Registrant
as specified in its Charter)

  Bermuda  
  (State or other jurisdiction of incorporation)  
     
0-2253   Not Applicable
(Commission File Number) (IRS Employer Identification No.)
     
Chesney House, 96 Pitts Bay Road,
Pembroke, Bermuda
  HM 08
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (441) 292-0888
 

      Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

  o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  o Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))
     
  o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





     Item 7.01.  Regulation FD Disclosure.

The following information is furnished pursuant to Item 7.01, “Regulation FD Disclosure”. On October 25, 2005, PartnerRe Ltd. issued a press release reporting its initial estimate of expected claims from Hurricane Wilma. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

Exhibit 99.1.  Text of Press Release of PartnerRe Ltd., dated October 25, 2005.

 




SIGNATURES

     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 hereunto duly authorized.

PartnerRe Ltd.
(Registrant)
       
Date: October 25, 2005 By: /S/ Marc Wetherhill


  Name: Marc Wetherhill
  Title: Assistant Secretary





INDEX TO EXHIBITS

Exhibit No. Description
99.1 Text of Press Release of PartnerRe Ltd., dated October 25, 2005.

EX-99.1 2 ex9901.htm
  Exhibit 99.1
   
News Release

     PartnerRe Ltd. Provides Initial Estimate of Expected Claims from Hurricane Wilma

PEMBROKE, Bermuda, October 25, 2005 -- PartnerRe Ltd. (NYSE:PRE) today provided its initial estimate of expected claims relating to Hurricane Wilma, which impacted Mexico and south Florida over the last week.

During its third quarter 2005 earnings conference call this morning, the Company said it expected claims of approximately 3% of the estimated $2-$2.5 billion total insured industry loss in Mexico, and approximately 1% of the total insured industry loss in Florida. Due to the recent occurrence of this event, the Company does not currently have an estimate for the total industry loss from Wilma in Florida.



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. For the year ended December 31, 2004, total revenues were $4.2 billion. As of September 30, 2005 total assets were $13.2 billion, total capitalization was $3.5 billion and total shareholders’ equity was $3.1 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 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 property and casualty losses, including potential losses from Hurricane Wilma, 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, changes in accounting policies, and

 

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

other factors identified in the Company’s filings with the Securities and Exchange Commission. The Company’s results will be impacted by losses associated recent catastrophes. These loss estimates are preliminary and are subject to change due to refinement in the overall industry loss estimates and by individual treaty reports. These issues take a considerable period of time to be resolved and may be influenced by evolving legal and regulatory developments. 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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