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): December 7, 2009
PartnerRe Ltd.
(Exact Name of Registrant as Specified in Charter)
	Bermuda
	(State or Other Jurisdiction of Incorporation)
001-14536		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 2.01      Completion of Acquisition or Disposition of Assets

On December 7, 2009, PartnerRe Ltd. (“PartnerRe”) completed its acquisition of PARIS RE Holdings Limited (“Paris Re”).  The final step of the acquisition was effected through a merger under Swiss law (the “Merger”), pursuant to which Paris Re was merged with and into a wholly-owned subsidiary of PartnerRe (“Acquisition Subsidiary”), with Acquisition Subsidiary continuing as the surviving entity, in accordance with the terms of the Transaction Agreement dated as of July 4, 2009, as amended, among Paris Re, PartnerRe and Acquisition Subsidiary.  Prior to the Merger, PartnerRe had acquired through a series of purchases approximately 88.7% of Paris Re’s outstanding common shares.

In accordance with Swiss law, holders of at least 90% of the outstanding voting rights voted in favor of the Merger at an extraordinary general meeting of Paris Re shareholders held on December 7, 2009.  By virtue of the Merger, each issued and outstanding Paris Re common share (other than those held by Acquisition Subsidiary) was converted into the right to receive 0.3018 PartnerRe common shares, which is the same per share consideration paid by PartnerRe in connection with its previous purchases of Paris Re common shares, as adjusted upwards to account for the US$0.47 per share cash dividend declared on the PartnerRe common shares on October 26, 2009 with a record date of November 20, 2009.

A copy of the press release announcing the Merger is attached as Exhibit 99.1 to this report and is incorporated herein by reference.

Item 8.01      Other Events

On December 7, 2009, PartnerRe issued a press release announcing the successful cross-listing of PartnerRe common shares on NYSE Euronext Paris beginning at market open on December 7, 2009, under the ticker symbol PRE.  A copy of the press release is attached as Exhibit 99.2 to this report and is incorporated herein by reference.

PartnerRe common shares will continue to be listed on the New York Stock Exchange (the “NYSE”) in the United States, and PartnerRe will remain subject to the rules and regulations of the NYSE and of the U.S. Securities and Exchange Commission.

Item 9.01                      Financial Statements and Exhibits

Exhibit No.	Description
99.1	Press Release of PartnerRe Ltd., dated December 7, 2009
99.2	Press Release of PartnerRe Ltd., dated December 7, 2009

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:	December 9, 2009	By:	/s/ Amanda E. Sodergren
			Name:	Amanda E. Sodergren
			Title:	Chief Legal Counsel

Exhibit Index

Exhibit No.	Description
99.1	Press Release of PartnerRe Ltd., dated December 7, 2009
99.2	Press Release of PartnerRe Ltd., dated December 7, 2009

EX-99.1

Exhibit 99.1

News Release

PartnerRe Completes Acquisition of PARIS RE

PEMBROKE, Bermuda, December 7, 2009 - -- PartnerRe Ltd. (NYSE, Euronext:PRE) todayannounced that it completed its acquisition of 100% of the outstanding common shares of PARIS RE Holdings Limited (“PARIS RE”), following the approval by PARIS RE’s shareholders today of the previously announced merger, governed by Swiss law, of PARIS RE into a wholly-owned subsidiary of PartnerRe.

As a result of the successful merger vote and completion of the merger, each remaining PARIS RE common share not already owned by PartnerRe has been exchanged into the right to receive 0.3018 PartnerRe common shares. This is the same exchange ratio of 0.30 PartnerRe common shares for each PARIS RE common share offered to PARIS RE common shareholders in prior purchases, as adjusted for the payment of PartnerRe’s dividend to its common shares on December 1, 2009 in accordance with the terms of the Transaction Agreement dated July 4, 2009, as amended.

PartnerRe continues to move forward with the integration of PARIS RE into PartnerRe. As previously announced, the two companies will separately renew their respective books of business at January 1, 2010.

Earlier, PartnerRe announced its successful cross-listing on NYSE Euronext Paris, effective today. This cross-listing provides investors with a Euro-denominated, European-listed trading platform, in addition to PartnerRe’s U.S. Dollar listing on NYSE.

___________________________________________________

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, 2008, total revenues were $4.0 billion. Pro-forma combined capital, which PartnerRe defines as total shareholders’ equity, long-term debt, senior notes and capital efficient notes, at June 30, 2009, reflecting the acquisition of PARIS RE, was $7.2 billion and total assets were $23.5 billion. At September 30, 2009, prior to the recognition of the full acquisition of PARIS RE, PartnerRe capital was $5.8 billion and total assets were $17.8 billion.

PartnerRe on the Internet: www.partnerre.com

PartnerRe Ltd.	Telephone +1 441 292 0888
Wellesley House South	Fax +1 441 292 6080
90 Pitts Bay Road	www.partnerre.com
Bermuda HM 08

2

Contacts:	PartnerRe Ltd.	Sard Verbinnen
	(441) 292-0888	(212) 687-8080
	Investor Contact: Robin Sidders	Drew Brown/Jane Simmons
	Media Contact: Celia Powell

EX-99.2

Exhibit 99.2

News Release

PartnerRe Ltd. Cross-Lists on NYSE Euronext Paris

PEMBROKE, Bermuda, December 7, 2009 -- PartnerRe Ltd. (NYSE, Euronext Paris:PRE)today announced its successful cross-listing on NYSE Euronext Paris.

This cross-listing facility, effective today, is consistent with PartnerRe’s commitment to providing investors with a Euro-denominated, European-listed trading platform for PartnerRe shares, in addition to its listing on NYSE, where PartnerRe shares will continue to be traded in U.S. dollars.

PartnerRe is one of the largest, most globally-diversified reinsurers, with more than $7 billion in total capital1, clients in over 150 countries, and offices in 14 countries. In addition, the Company writes virtually every line of reinsurance business in major and emerging markets worldwide.

The cross-listing follows PartnerRe’s announcement earlier this year that it is acquiring Swiss- based multi-line reinsurer PARIS RE in a $2 billion stock-for-stock transaction, which ultimately positions PartnerRe as a top 5 global reinsurer.

PartnerRe President & CEO Patrick Thiele said, “This is an exciting development for PartnerRe as it demonstrates the truly global nature of the PartnerRe franchise, as well as our commitment to our worldwide investor base. With the acquisition of PARIS RE, our increased capital and asset base, and a larger, more diversified global mix of business, a cross-listing in Europe is the next logical step in our evolution. These developments provide us greater strategic and financial flexibility such that we expect to achieve enhanced risk-adjusted returns thereby generating additional long-term value for our shareholders.”

Copies of the listing prospectus filed with the Autorité des marchés financiers (the French securities regulator) on December 2, 2009 under visa number 09-359 in connection with the admission of PartnerRe shares to listing and trading on NYSE Euronext Paris may be obtained free of charge from PartnerRe Ltd., 90 Pitts Bay Road, Pembroke HM08, Bermuda; telephone (441)292-0888, and from UBS Investment Banking, Postal address: 65 rue de Courcelles, 75008 Paris; telephone: (33)1 48 88 30 30, and on the websites of PartnerRe (www.partnerre.com on the Financial Reports page under Supplementary Financial Data) and the AMF (www.amf- france.org).

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.

PartnerRe Ltd.	Telephone +1 441 292 0888
Wellesley House South	Fax +1 441 292 6080
90 Pitts Bay Road  Bermuda HM 08	www.partnerre.com

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1Pro-forma combined capital, which PartnerRe defines as total shareholders’ equity, long-term debt,senior notes and capital efficient notes, at June 30, 2009, reflecting the acquisition of PARIS RE, was $7.2 billion and total assets were $23.5 billion. At September 30, 2009, prior to the recognition of the full acquisition of PARIS RE, PartnerRe capital was $5.8 billion and total assets were $17.8 billion.

PartnerRe on the Internet: www.partnerre.com

Contacts:	PartnerRe Ltd.	Sard Verbinnen
	(441) 292-0888	(212) 687-8080
	Investor Contact: Robin Sidders	Drew Brown/Jane Simmons
	Media Contact: Celia Powell