-----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, VM+25wMQaNdX8Mp9unvVgYVtK51PPd6tXf35K9nTPDMm52CEChwRe1Kvu/miQkCS fQQTHUIrwD06j4lWLjHlUA== 0000950103-07-001236.txt : 20070516 0000950103-07-001236.hdr.sgml : 20070516 20070516163928 ACCESSION NUMBER: 0000950103-07-001236 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070511 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070516 DATE AS OF CHANGE: 20070516 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: 07858274 BUSINESS ADDRESS: STREET 1: WELLESLEY HOUSE SOUTH STREET 2: 90 PITTS BAY ROAD CITY: PEMBROKE STATE: D0 ZIP: HM 08 BUSINESS PHONE: 14412920888 MAIL ADDRESS: STREET 1: WELLESLEY HOUSE SOUTH STREET 2: 90 PITTS BAY ROAD CITY: PEMBROKE STATE: D0 ZIP: HM 08 FORMER COMPANY: FORMER CONFORMED NAME: PARTNER RE HOLDINGS LTD DATE OF NAME CHANGE: 19950725 8-K 1 dp05676e_8k.htm Unassociated Document
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): May 11, 2007
  
     
 
PARTNERRE LTD.
  
 
(Exact name of registrant
as specified in 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
(Address of principal executive offices)
  
 HM 08
(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 8.01 Other Events

On May 11, 2007, PartnerRe Ltd. (the “Company”), issued a press release announcing that the Board of Directors had approved an increase in the Company’s stock repurchase authorization for a total of up to 5 million common shares.
 
A copy of the press release is filed with this report as Exhibit 99.1 and is incorporated herein by reference.
 
 Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits
 
Exhibit No.
    
99.1
  
Press Release of the Company dated May 11, 2007
 
 
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.
  
       
Date:
May 16, 2007
  
By:
/s/ Marc Wetherhill
  
       
Name:
Marc Wetherhill
  
       
Title:
Associate General Counsel
  
 
EX-99.1 2 dp05676e_ex9901.htm Unassociated Document
 
Exhibit 99.1
 
PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 5 Million Shares
 

PEMBROKE, Bermuda, May 11, 2007 -- PartnerRe Ltd. (NYSE:PRE) today announced that its Board of Directors has approved an increase in the Company’s stock repurchase authorization for a total of up to 5 million common shares. This reflects an increase of approximately 1.2 million common shares to the approximately 3.8 million common shares remaining under the prior authorization announced by the Company on May 11, 2005. To date in 2007, the Company has repurchased a total of 487,300 common shares.

PartnerRe Ltd. President & CEO Patrick Thiele said, “Active capital management is a vital part of our long term strategy in a cyclical industry. We allocate capital to those areas which we believe provide the best available risk adjusted returns. Given current market conditions, we believe share repurchase represents one of the most attractive risk adjusted return opportunities for PartnerRe at this time. This authorization provides us with the flexibility to take full advantage of all opportunities.”

From time to time, and depending on market conditions, the repurchase program will be accomplished in open market or privately negotiated transactions.

_____________________________________________

PartnerRe is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company through its wholly owned subsidiaries 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. At March 31, 2007, total assets were $15.7 billion, total capital was $4.8 billion and total shareholders’ equity was $3.9 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 Relations

Sard Verbinnen
(212) 687-8080
Drew Brown/Hallie Bozzi
 
 
 


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