SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 17, 2001 (December 13, 2001)
PARTNERRE LTD.
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(Exact name of registrant as specified in its charter)
Bermuda 0-2253 Not Applicable
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
Chesney House, 96 Pitts Bay Road, Pembroke, Bermuda HM 08
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(Address of principal executive offices) (Zip Code)
(441) 292-0888
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(Registrant's telephone number, including area code)
Item 5. Other Events.
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On December 13, 2001, PartnerRe Ltd. (the "Company") reported that the
aggregate limits of its exposures to Enron Corporation are approximately $49
million on a pre-tax basis, and $34 million after tax. A copy of a press release
issued by the Company on December 13, 2001 is included as exhibit 99.1 to this
filing and is incorporated herein by reference.
The Company is a leading global reinsurer, providing multi-line
reinsurance to insurance companies through its wholly owned subsidiaries,
Partner Reinsurance Company, Partner Re U.S. and PartnerRe S.A. Risks reinsured
include property, catastrophe, agriculture, automobile, casualty, marine,
aviation/space, credit/surety, technical and miscellaneous lines, life/annuity
and health.
This Form 8-K contains forward-looking statements that are based upon
the Company's assumptions and expectations concerning future events and 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 made by, or on behalf of the
Company. These risks and uncertainties include, among other things, those
described in the Company's filings with the Securities and Exchange Commission,
all of which are difficult or impossible to predict accurately and many of which
are beyond the control of the Company. Whether or not actual results differ
materially from forward-looking statements may depend on numerous foreseeable
and unforeseeable events or developments, such as general economic conditions
and interest rates, some of which may be related to the insurance industries
generally, such as pricing competition, industry consolidation and regulatory
developments, and others of which may relate to the Company specifically, such
as risks with implementing business strategies, adequacy of reserves, exposure
to catastrophe losses, emergence of new information, credit, interest rate,
currency and other risks associated with the Company's investment portfolio, and
other factors. In light of the significant uncertainties inherent in the
forward-looking information herein, the inclusion of such information should not
be regarded as a representation by the Company or any other person that the
Company's objectives or plans will be realized. The Company disclaims any
obligation to update forward-looking information.
Item 7. Financial Statements and Exhibits.
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(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits:
99.1 Press Release December 13, 2001.
SIGNATURE
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 thereunto duly authorized.
Date: December 17, 2001 PARTNERRE LTD.
(Registrant)
By: /s/ Albert Benchimol
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Name: Albert Benchimol
Title: Executive Vice President
and Chief Financial Officer
EXHIBIT INDEX
Exhibit Description
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99.1 Press Release dated December 13, 2001.