PartnerRe Reports Distribution on Capital Trust Preferred Securities

December 10, 2005

Bermuda-based PartnerRe Ltd. reported that payment of a distribution on Capital Trust I Preferred Securities will be made on Dec. 30, 2005. Payment will be to shareholders of record on Dec. 20, 2005. The distribution on the Capital Trust I Preferred Securities will be $0.49375 per share.

PartnerRe Ltd. is a 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.

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