8-K

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):  April 18, 2007

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.)
Wellesley House, 90 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 under the Exchange Act (17 CFR 240.14a-12)

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 5.02(e). Compensatory Arrangements of Certain Officers..

On April 18, 2007, ParterRe Ltd. (the “Company”) announced the promotion of Costas Miranthis to the position of Deputy CEO, ParterRe Global, effective July 2007. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.  As a result of the promotion, Mr. Miranthis will participate in the Executive Total Compensation Program described in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission (“SEC”) on March 30, 2007 and filed as Exhibit 10.17 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2004 which was filed with the SEC on March 10, 2005 and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits.

Exhibit No.	Description.
99.1	Press Release of PartnerRe Ltd., dated April 18, 2007.

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 hereunto duly authorized.

		PartnerRe Ltd.
		(Registrant)
Date:	April 18, 2007	By:	/s/ Marc Wetherhill
			Name:	Marc Wetherhill
			Title:	Associate General Counsel

Exhibit Index

Exhibit No.	Description.
99.1	Press Release of PartnerRe Ltd., dated April 18, 2007.

EX-99.1

Exhibit 99.1

News Release

PartnerRe Appoints Costas Miranthis to
Deputy CEO, PartnerRe Global

PEMBROKE, BERMUDA, April 18, 2007 – PartnerRe Ltd. (NYSE: PRE) announced today that Costas Miranthis has been promoted to the new position of Deputy CEO, PartnerRe Global, effective July 2007. PartnerRe Global is the name the Group uses to refer to underwriting operations outside the U.S., and is comprised of the Non-Life sub segments Global P&C and Worldwide Specialty, and the Life segment.

In his new role, Mr. Miranthis will report directly to Bruno Meyenhofer, CEO, PartnerRe Global and will be responsible for the management of all Global business units. He will also become a member of the Group Executive Committee. Mr. Meyenhofer will maintain responsibility for the overall executive management of the PartnerRe Global operations.

Mr. Miranthis joined PartnerRe in 2002 as the Group’s Chief Actuarial Officer. Since that time he has developed the Group’s actuarial resources and strengthened the Company’s ROE and Capital models and methodologies. Mr. Miranthis will continue in his current role as Chief Actuarial Officer until a new candidate is found.

PartnerRe President and CEO Patrick Thiele said, “I am very pleased to promote Costas to this position. His strong leadership skills and business experiences position him well for his new operational responsibilities in our Global operations. Also, we will continue to benefit from his insights and analysis of Group issues, by virtue of his joining the Group Executive Committee.”

PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company also offers alternative risk products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, other lines, life/annuity and health, and alternative risk products. For the year ended December 31, 2006, total revenues were $4.2 billion, total assets were $14.9 billion, total capital was $4.7 billion and total shareholders’ equity was $3.8 billion.

PartnerRe on the Internet: www.partnerre.com

Contacts:
PartnerRe Ltd.
(441) 292-0888
Investor Contact: Robin Sidders, Investor Relations
Media Contact: Celia Powell, Corporate Communications

Sard Verbinnen & Co
(212) 687-8080
Drew Brown/Hallie Bozzi
PartnerRe Ltd.	Telephone +1 441 292 0888	www.partnerre.com
Fifth Floor, Wellesley House South	Fax + 1 441 292 7010	The thinking insurer’s reinsurer.
90 Pitts Bay Road,
Pembroke, HM 08, Bermuda