PartnerRe Ltd. Announces Successful Completion of Acquisition of Presidio Specialty Accident & Health Underwriting Platform

  PartnerRe Ltd. Announces Successful Completion of Acquisition of Presidio
  Specialty Accident & Health Underwriting Platform

Business Wire

PEMBROKE, Bermuda -- January 2, 2013

Regulatory News:

PartnerRe Ltd. (NYSE, Euronext: PRE) today announced the successful completion
of its previously announced acquisition of California-based Presidio
Reinsurance Group, a leading U.S. specialty accident and health reinsurance
and insurance writer. All required regulatory approvals have been obtained.

The Presidio Reinsurance Group currently underwrites approximately $250
million of accident and health premiums. The Presidio Reinsurance Group was
formed in 1994 and is a leading writer of HMO reinsurance and provider of
stop-loss insurance in the US. Additionally, it writes medical treaty
reinsurance, employer stop-loss insurance, and accident insurance and


PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance
to insurance companies. The Company, through its wholly owned subsidiaries,
also offers capital markets 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, multiline and other lines, mortality, longevity and health, and
alternative risk products. For the year ended December 31, 2011, total
revenues were $5.4 billion, and at September 30, 2012, total assets were $23.6
billion, total capital was $7.9 billion and total shareholders’ equity was
$7.1 billion.

PartnerRe on the Internet:

Forward-looking statements contained in this press release are based on the
Company’s assumptions and expectations concerning future events and financial
performance and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Such statements are subject to
significant business, economic and competitive risks and uncertainties that
could cause actual results to differ materially from those reflected in the
forward-looking statements. PartnerRe’s forward-looking statements could be
affected by numerous foreseeable and unforeseeable events and developments
such as exposure to catastrophe, or other large property and casualty losses,
credit, interest, currency and other risks associated with the Company’s
investment portfolio, adequacy of reserves, levels and pricing of new and
renewal business achieved, changes in accounting policies, risks associated
with implementing business strategies, and other factors identified in the
Company’s filings with the Securities and Exchange Commission. In light of the
significant uncertainties inherent in the forward-looking information
contained herein, readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the dates on which they are
made. The Company disclaims any obligation to publicly update or revise any
forward-looking information or statements.


PartnerRe Ltd.
Investor Contact: Robin Sidders
Media Contact: Celia Powell
Sard Verbinnen & Co
Drew Brown/Daniel Goldstein
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