PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 5 Million Shares

Share Name	Share Symbol	Market	Type
Predict SpA	BIT:PRE	Italy	Ordinary Share

Share Name

Share Symbol

Market

Type

Predict SpA

BIT:PRE

Italy

Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.024	-4.53%	0.506	0.494	0.516	0.518	0.493	0.518	13,500	11:06:42

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

-0.024

-4.53%

0.506

0.494

0.516

0.518

0.493

0.518

13,500

11:06:42

PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 5 Million Shares

11/05/2005 5:01pm

PR Newswire (US)

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PartnerRe Ltd. Board of Directors Authorizes Repurchase of up to 5 Million Shares PEMBROKE, Bermuda, May 11 /PRNewswire-FirstCall/ -- 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 3.5 million common shares to the approximately 1.5 million common shares remaining under the prior authorization announced by the Company on May 17, 2004. During the past 12 months, the Company has repurchased a total of 3,472,000 common shares. PartnerRe Ltd. President and CEO Patrick Thiele said, "Active capital management is an important component of our long term and cyclical strategy. Subject to maintaining our unquestioned financial strength for our cedants, we expect to return capital to our shareholders through share repurchases during softening reinsurance markets. This authorization provides us the flexibility to do that." From time to time, and depending on market conditions, the repurchase program will be accomplished in open market or privately negotiated transactions. PartnerRe Ltd. is a leading 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. At December 31, 2004, total revenues were $4.2 billion. As of March 31, 2005 total assets were $13.1 billion, total capitalization was $3.7 billion and total shareholders' equity was $3.3 billion. Our major reinsurance operations have ratings of AA- from Standard & Poor's, Aa3 from Moody's, A+ from A.M. Best, and AA from Fitch. PartnerRe on the Internet: http://www.partnerre.com/ DATASOURCE: PartnerRe Ltd. CONTACT: PartnerRe Ltd.: Investor Contact, Robin Sidders, Investor Relations, or Media Contact, Celia Powell, Corporate Relations, both at +1-292-0888; Jim Barron or Hallie Bozzi, Citigate Sard Verbinnen, +1-212-687-8080 Web site: http://www.partnerre.com/

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