EX-25.8 14 ex2508.htm

Exhibit 25.8


 
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF
A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2)

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

    13-4994650
(State of incorporation   (I.R.S. employer
if not a national bank)   identification No.)
     
1111 Polaris Parkway    
Columbus, Ohio   43271
(Address of principal executive offices)   (Zip Code)
 
Pauline E. Higgins
Vice President and Assistant General Counsel
JPMorgan Chase Bank, National Association
707 Travis Street, 4th Floor North
Houston, Texas 77002
Tel: (713) 216-1436
(Name, address and telephone number of agent for service)

PartnerRe Ltd.
(Exact name of obligor as specified in its charter)

Bermuda   Not Applicable
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification No.)
     
96 Pitts Bay Road    
Pembroke, Bermuda   HM08
(Address of principal executive offices)   (Zip Code)


PartnerRe Ltd. Guarantee of Preferred Securities of PartnerRe Capital Trust II
(Title of the indenture securities)
 







GENERAL

Item 1. General Information.

     Furnish the following information as to the trustee:

     (a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency, Washington, D.C.

Board of Governors of the Federal Reserve System, Washington, D.C., 20551

Federal Deposit Insurance Corporation, Washington, D.C., 20429.

     (b) Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with the Obligor and Guarantors.

     If the obligor or any guarantor is an affiliate of the trustee, describe each such affiliation.

     None.

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Item 16. List of Exhibits

     List below all exhibits filed as a part of this Statement of Eligibility.

     1. A copy of the Articles of Association of JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in Exhibits 1 and 2.

     4. A copy of the existing By-Laws of the Trustee. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     5. Not applicable.

     6. The consent of the Trustee required by Section 321(b) of the Act. (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

     7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

     8. Not applicable.

     9. Not applicable.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, N.A., has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 24th day of April, 2006.

JPMORGAN CHASE BANK, N.A.
   
By /s/ James D. Heaney
 
  /s/ James D. Heaney

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank, N.A.
of 1111 Polaris Parkway, Columbus, Ohio 43240
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business December 31, 2005, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

      Dollar Amounts          
ASSETS         in Millions      
Cash and balances due from depository institutions:                
         Noninterest-bearing balances and                
         currency and coin       $ 35,280      
         Interest-bearing balances         22,803      
Securities:                
Held to maturity securities         77      
Available for sale securities         34,994      
Federal funds sold and securities purchased under                
         agreements to resell                
         Federal funds sold in domestic offices         27,504      
         Securities purchased under agreements to resell         193,355      
Loans and lease financing receivables:                
         Loans and leases held for sale         32,360      
         Loans and leases, net of unearned income $ 363,371            
         Less: Allowance for loan and lease losses   4,857            
         Loans and leases, net of unearned income and                
         allowance         358,514      
Trading Assets         221,837      
Premises and fixed assets (including capitalized leases)         8,102      
Other real estate owned         134      
Investments in unconsolidated subsidiaries and                
         associated companies         1,508      
Customers’ liability to this bank on acceptances                
         outstanding         471      
Intangible assets                
         Goodwill         23,499      
         Other Intangible assets         10,478      
Other assets         43,069      
TOTAL ASSETS             $  1,013,985
             







          LIABILITIES    
           
Deposits          
         In domestic offices       $ 406,865
         Noninterest-bearing $ 141,522      
         Interest-bearing   265,343      
         In foreign offices, Edge and Agreement          
         subsidiaries and IBF’s         145,745
         Noninterest-bearing $ 7,552      
         Interest-bearing   138,193      
Federal funds purchased and securities sold under agree-          
ments to repurchase:          
         Federal funds purchased in domestic offices         10,091
         Securities sold under agreements to repurchase         95,300
Trading liabilities         124,236
Other borrowed money (includes mortgage indebtedness          
         and obligations under capitalized leases)         84,483
Bank's liability on acceptances executed and outstanding         471
Subordinated notes and debentures         18,655
Other liabilities         39,850
TOTAL LIABILITIES         925,696
Minority Interest in consolidated subsidiaries         1,939
          EQUITY CAPITAL    
Perpetual preferred stock and related surplus         0
Common stock         1,785
Surplus (exclude all surplus related to preferred stock)         59,504
Retained earnings         25,711
Accumulated other comprehensive income         (650
Other equity capital components         0
TOTAL EQUITY CAPITAL         86,350


TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL       $ 1,013,985
       

I, Joseph L. Sclafani, E.V.P. & Controller of the above-named          
bank, do hereby declare that this Report of Condition has          
been prepared in conformance with the instructions issued          
by the appropriate Federal regulatory authority and is true          
to the best of my knowledge and belief.          

JOSEPH L. SCLAFANI

We, the undersigned directors, attest to the correctness
of this Report of Condition and declare that it has been
examined by us, and to the best of our knowledge and
belief has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory
authority and is true and correct.

WILLIAM B. HARRISON, JR. )  
JAMES DIMON ) DIRECTORS
MICHAEL J. CAVANAGH )