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<div align="center">
<B><FONT size=2 face="serif">As filed with the Securities and Exchange Commission on July 22, 2003
</FONT></B></div>
<div align="right"> <B><FONT size=2 face="serif">Registration
  No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B>
</div>

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      <HR size="1" noshade color="#000000" style="margin-top: -10px"><br>
<div align=center>
<B><FONT size=5 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B><FONT size=5 face="serif"> </FONT>
<br>
  <FONT face="serif">Washington, D.C. 20549 </FONT> <br>
<hr noshade size=1 width=25%>
  <B><FONT size=5 face="serif">

  FORM S-8</FONT></B> <br>

<br>

<FONT face="serif">REGISTRATION STATEMENT UNDER </FONT>
<br>
  <FONT face="serif">THE SECURITIES ACT OF 1933 </FONT>
  <B><FONT size=5 face="serif"><br>
<hr noshade size=1 width=25%>
  PartnerRe Ltd. </FONT></B> <br>

<FONT size=1 face="serif">(Exact name of Registrant as specified in its charter) </FONT>

</div>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR align="center">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR align="center">
    <TD width="50%">&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif">Bermuda</FONT></B></TD>
    <TD width="50%"><B><FONT size=2 face="serif">Not
      Applicable</FONT></B></TD>
  </TR>
  <TR align="center">
    <TD width="50%"><FONT size=1 face="serif">(State
      of other jurisdiction of incorporation&nbsp;<br>
      &nbsp;<font size=1 face="serif">or organization)</font></FONT></TD>
    <TD width="50%"><FONT size=1 face="serif">(I.R.S.
      Employer<br>
      Identification No.)</FONT></TD>
  </TR>
</TABLE>
<br>

<div align="center"> <B><FONT size=2 face="serif">96 Pitt
  Bay Road<br>
  Pembroke HM 08<br>
  Bermuda <br>
  (441) 292-0888 </FONT></B> <br>

<FONT size=1 face="serif">(Address, including zip code, and telephone number, including area code, of Registrant&#146;s principal executive offices) </FONT>

<br><hr noshade size=1 width=25%>
</div>
<div align="center"> <B><FONT size=5 face="serif">PartnerRe
  Ltd. </FONT></B> <br>
<B><FONT size=5 face="serif">2003
  Non-Employee Directors Stock Plan </FONT></B><br>

<FONT size=1 face="serif">(Full title
  of the plan) </FONT> </div>
  <hr noshade size=1 width=25%>



<div align="center"><B><FONT size=2 face="serif"> c/o
  Scott D. Moore <br>
  PartnerRe U.S. Corporation <br>
  One Greenwich Plaza <br>
  Greenwich, CT 06830-6352 <br>
  (203) 485-4200 </FONT></B> <br>
<FONT size=1 face="serif">(Name,
    address, including zip code, and telephone number,
    including area code, of agent for service)</font>
  </div>
  <hr noshade size=1 width=25%>



<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD colspan="2" align="center"><FONT size=2 face="serif">Copies
      to:</FONT></TD>
  </TR>
  <TR>
    <TD width="50%" align="center">&nbsp;<b><font size=2 face="serif">Albert
      A. Benchimol<br>
      Executive Vice President &amp;&nbsp;&nbsp;<b><font size=2 face="serif"><br>
      Chief Financial Officer&nbsp;<br>
      <b><font size=2 face="serif">96 Pitts Bay Road<br>
      Pembroke HM 08&nbsp;<b><font size=2 face="serif"><br>
      Bermuda&nbsp;<br>
      <b><font size=2 face="serif">(441) 292-0888</font></b></font></b></font></b></font></b></font></b></TD>
    <TD width="50%" align="center"><b><font size=2 face="serif">Richard
      J. Sandler, Esq.<br>
      Ethan T. James, Esq.<br>
      Davis Polk &amp; Wardwell<br>
      450 Lexington Avenue<br>
      New York, NY 10017<br>
      (212) 450-4000</font></b></TD>
  </TR>
</TABLE>
<div align="center"><br>
  <b><font size=1 face="serif">CALCULATION OF REGISTRATION
  FEE</font></b>
</div>
<TABLE width="100%" border=1 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="38%" valign="bottom">&nbsp;&nbsp;&nbsp;<b><font size=1 face="serif">Title
      of Each Class of Securities to be Registered</font></b></TD>
    <TD width="15%" align="center" valign="bottom"><b><font size=1 face="serif">Amount
      to be<br>
      Registered<sup>(1)</sup> </font></b></TD>
    <TD width="15%" align="center" valign="bottom"><b><font size=1 face="serif">Proposed
      Maximum<br>
      Offering<br>
      Price Per Share<sup>(2)</sup></font></b> </TD>
    <TD width="17%" align="center"><b></b><b><font size=1 face="serif">Proposed
      Maximum<br>
      Aggregate Offering<br>
      Price<sup>(2)</sup> </font></b></TD>
    <TD width="15%" align="center"><b></b><b><font size=1 face="serif">Amount
      of Registration<br>
      Fee<sup>(3)</sup> </font></b></TD>
  </TR>
  <TR>
    <TD><FONT size=2 face="serif">Common shares, $1.00
      par value</FONT></TD>
    <TD align="center" valign="bottom"><FONT size=2 face="serif">1,000,000
      shares</FONT></TD>
    <TD align="center" valign="bottom"><FONT size=2 face="serif">$50.88</FONT></TD>
    <TD align="center" valign="bottom"><FONT size=2 face="serif">$50,880,000</FONT></TD>
    <TD align="center" valign="bottom"><FONT size=2 face="serif">$4,116</FONT></TD>
  </TR>
</TABLE>
<br>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="4%" valign="top"><FONT size=2 face="serif">(1)</FONT></TD>
    <TD width="96%"><FONT size=2 face="serif">Represents
      1,000,000 common shares of PartnerRe Ltd., par
      value $1.00 per share (the &#147;Common Shares&#148;),
      authorized to be issued pursuant to the PartnerRe
      Ltd. 2003 Non-Employee Directors Stock Plan (the</FONT><font size=2 face="serif">&#147;Plan&#148;).
      In addition, this Registration Statement covers
      an in determinable number of additional shares
      as may hereafter be offered or sold, pursuant
      to the Plan, to prevent dilution resulting from
      shares splits, shares dividends or similar transactions
      effected without the receipt of consideration
      and pursuant to Rule 416(c) under the Securities
      Act of 1933, as amended (the &#147;Securities
      Act&#148;).</font></TD>
  </TR>
  <TR>
    <TD width="4%" valign="top">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%" valign="top"><FONT size=2 face="serif">(2)</FONT></TD>
    <TD width="96%"><FONT size=2 face="serif">Estimated
      pursuant to Rule 457(c) solely for purposes of
      calculating amount of registration fee, and based
      on the average of the high and low prices reported
      on July 17, 2003 on the consolidated tape for
      New York Stock Exchange listed companies.</FONT></TD>
  </TR>
  <TR>
    <TD width="4%" valign="top">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%" valign="top"><font size=2 face="serif">(3)</font></TD>
    <TD width="96%"><font size=2 face="serif">Calculated
      by multiplying the aggregate offering price by
      .0000809.</font></TD>
 </TR>
</TABLE>
<br>

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<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">Item 3. </FONT></B><B><I><FONT size=2 face="serif">&nbsp;&nbsp;Incorporation of Documents by Reference</FONT></I></B><B><FONT size=2 face="serif"> </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents, filed with the Securities and Exchange Commission (the &#147;Commission&#148;) by PartnerRe Ltd., a Bermuda company (the &#147;Company&#148;), are incorporated by
reference into the Registration Statement: </FONT>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%" valign="top"><font size=2 face="serif">(a)</font></TD>
    <TD width="94%"><font size=2 face="serif">The Company&#146;s
      Annual Report on Form 10-K for the fiscal year
      ending December 31, 2002, filed with the Commission
      on March 28, 2003, pursuant to the Securities
      Exchange Act of 1934, as amended (the &#147;Exchange
      Act&#148;);</font></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD valign="top"><font size=2 face="serif">(b)</font></TD>
    <TD><font size=2 face="serif">The Company&#146;s
      Current Reports on Form 8-K, filed with the Commission
      on January 17, March 28 (&#147;Risk Factors&#148;),
      April 28, May 2 and May 8, 2003, pursuant to the
      Exchange Act and the Company&#146;s Quarterly
      Report on Form 10-Q, filed with the Commission
      on May 15, 2003, pursuant to the Exchange Act;
      and</font></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD valign="top"><font size=2 face="serif">(c)</font></TD>
    <TD><font size=2 face="serif">The description of
      the Common Shares, which is contained in the Company&#146;s
      Registration Statement on Form S-3, filed with
      the Commission on April 30, 2003, pursuant to
      the Securities Act.</font></TD>
  </TR>
</TABLE>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In addition, all documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and
prior to the filing of a post-effective amendment which indicates that all the securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part thereof from the date of the filing of such documents. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 4. </FONT></B><B><I><FONT size=2 face="serif">&nbsp;&nbsp;Description of Securities</FONT></I></B><B><FONT size=2 face="serif"> </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 5. </FONT></B><B><I><FONT size=2 face="serif">&nbsp;&nbsp;Interests of Named Experts and Counsel</FONT></I></B><B><FONT size=2 face="serif"> </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Ms. Christine Patton, who is giving an opinion upon the validity of the securities being registered, is general counsel and secretary of the Company. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">Item 6. </FONT></B><B><I><FONT size=2 face="serif">&nbsp;&nbsp;Indemnification of Directors and Officers</FONT></I></B><B><FONT size=2 face="serif"> </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 98 of the Companies Act of 1981 of Bermuda (the &#147;Act&#148;) provides generally that a Bermuda company may indemnify its directors, officers and auditors against any liability that
by virtue of Bermuda law otherwise would be imposed on them, except in cases where such liability arises from the fraud or dishonesty of which such director, officer or auditor may be guilty in relation to the company. Section 98 further provides
that a Bermudian company may indemnify its directors, officers and auditors against any liability incurred by them in defending any proceedings, whether civil or criminal, in which judgment is awarded in their favor or in which they are acquitted or
granted relief by the Supreme Court of Bermuda in certain proceedings arising under Section 281 of the Act. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We have adopted provisions in our Bye-Laws that provide that we shall indemnify our officers and directors to the maximum extent permitted under the Act, except where such liability arises from
fraud, dishonesty, willful negligence or default. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We have entered into employment agreements with certain of our executive officers which each contain provisions pursuant to which we have agreed to indemnify the executive as required by the
Bye-Laws and maintain customary insurance policies providing for indemnification. </FONT>
</P>
<P align="center">
<FONT size=2 face="serif">2 </FONT>
</P>


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<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">We have purchased insurance on behalf of our directors and officers for liabilities arising out of their capacities as such. </FONT>
</P>
<B><FONT size=2 face="serif">Item 7.</FONT></B> <b><i><font size=2 face="serif">&nbsp;&nbsp;Exemption
from Registration Claimed</font></i></b> <font size=2 face="serif"><br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inapplicable.</font><br>
<br>
<b><font size=2 face="serif">Item 8.</font></b><b><i><font size=2 face="serif">
&nbsp;&nbsp;Exhibits and Financial Statement Schedules</font></i></b><br>
<br>
<font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
following exhibits are filed as part of this Registration
Statement:</font><br>
<br>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD colspan="2" align="center" valign="top"><B><FONT size=2 face="serif">Exhibit
      No.</FONT></B></TD>
    <TD width="86%"><B><FONT size=2 face="serif">Description</FONT></B></TD>
  </TR>
  <TR>
    <TD colspan="2" align="right" valign="top"> <hr align=left noshade size=1 width=90%></TD>
    <TD><hr align=left noshade size=1 width=95%></TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;<font size=2 face="serif">5.1</font></TD>
    <TD width="5%" valign="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="86%"><FONT size=2 face="serif">Opinion
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd.</FONT></TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;</TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;<font size=2 face="serif">15.1</font></TD>
    <TD width="5%" valign="top">&nbsp;&nbsp;</TD>
    <TD width="86%"><FONT size=2 face="serif">Letter
      regarding Unaudited Interim Financial Information</FONT></TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;</TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;&nbsp;&nbsp;<font size=2 face="serif">23.1</font></TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD width="86%"><FONT size=2 face="serif">Consent
      of Deloitte &amp; Touche</FONT></TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;</TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;<font size=2 face="serif">23.2</font></TD>
    <TD width="5%" valign="top">&nbsp;&nbsp;</TD>
    <TD width="86%"><FONT size=2 face="serif">Consent
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd. (included in Exhibit 5.1)</FONT></TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;</TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="9%" align="right" valign="top">&nbsp;&nbsp;<font size=2 face="serif">24.1</font></TD>
    <TD width="5%" valign="top">&nbsp;</TD>
    <TD width="86%"><FONT size=2 face="serif">Power
      of Attorney (included on the signature page of
      the Registration Statement)</FONT></TD>
  </TR>

</TABLE>
<br>
<font size=2 face="serif"><strong>Item 9.</strong></font><strong><font size="2">
<em>Undertakings</em></FONT></strong><br>
<br>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="4%"><font size=2 face="serif">1</font></TD>
    <TD colspan="2"><font face="serif">&nbsp;</font><font size=2 face="serif">The
      undersigned registrant hereby undertakes that:</font></TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><FONT size=2 face="serif">(a)</FONT></TD>
    <TD width="96%"><FONT size=2 face="serif">to file,
      during any period in which offers or sales are
      being made, a post-effective amendment to the
      Registration Statement:</FONT></TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="96%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD><font size=2 face="serif">(i) &nbsp;&nbsp;to
      include any prospectus required by Section 10(a)(3)
      of the Securities Act;</font></TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="96%"><FONT size=2 face="serif">(ii)&nbsp;&nbsp;
      to reflect in the prospectus any facts or events
      arising after the effective date of the Registration
      Statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate,
      represent a fundamental change in the information
      set forth in the Registration Statement;</FONT></TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="4%"><font face="serif">&nbsp;</font></TD>
    <TD width="96%"><FONT size=2 face="serif">(iii)&nbsp;&nbsp;
      to include any material information with respect
      to the plan of distribution not previously disclosed
      in the Registration Statement or any material
      change to such information in the Registration
      Statement;</FONT></TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><u><font size=2 face="serif">provided</font></u><font size=2 face="serif">,
      </font><u><font size=2 face="serif">however,</font></u><font size=2 face="serif">
      that paragraphs (a)(i) and (a)(ii) do not apply
      if the information required to be included in
      a post-effective amendment by those paragraphs
      is contained in periodic reports filed with or
      furnished to the Commission by the Company pursuant
      to Section 13 or Section 15(d) of the Exchange
      Act that are incorporated by reference in the
      Registration Statement. </font></TD>
  </TR>
  <TR>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign="top">&nbsp;</TD>
    <TD valign="top"><font size=2 face="serif">(b)</font></TD>
    <TD><font size=2 face="serif">for the purpose of
      determining any liability under the Securities
      Act, each such post-effective amendment</font><font size=2 face="serif">shall
      be deemed to be a new registration statement relating
      to the securities offered therein, and the</font><font size=2 face="serif">offering
      of such securities at that time shall be deemed
      to be the initial bona fide offering thereof.</font></TD>
  </TR>
  <TR>
    <TD valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign="top">&nbsp;</TD>
    <TD valign="top"><font size=2 face="serif">(c)</font></TD>
    <TD><font size=2 face="serif">To remove from registration
      by means of a post-effective amendment any of
      the securities being registered</font><font size=2 face="serif">which
      remain unsold at the termination of the offering.</font></TD>
  </TR>
  <TR>
    <TD valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="3" valign="top"><font size=2 face="serif">2.&nbsp;&nbsp;
      </font><font size=2 face="serif">The undersigned
      registrant hereby undertakes that, for purposes
      of determining any liability under the Securities
      Act, each filing of the registrant&#146;s annual
      report pursuant to Section 13(a) or Section 15(d)
      of the Exchange Act that is incorporated by reference
      in the Registration Statement shall be deemed
      to be a new registration statement relating to
      the securities offered therein, and the offering
      of such securities at that time shall be deemed
      to be the initial bona fide offering thereof.
      </font> </TD>
  </TR>
</TABLE>


<P align="center">
<FONT size=2 face="serif">3 </FONT>
</P>



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<P>
<FONT size=2 face="serif">3. &nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions set forth or described in Item 6 of
this Registration Statement, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue. </FONT>
</P><br>
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<P align="center">
<FONT size=2 face="serif">4</FONT>
</P>





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<P align="center">
<B><FONT size=2 face="serif">SIGNATURES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly
caused this Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in Pembroke, Bermuda, on this 22</FONT><SUP><FONT size=2 face="serif">nd </FONT></SUP><FONT size=2 face="serif">day of July, 2003. </FONT>
</P>

<table width="90%" border="0" cellpadding="0" cellspacing="0">
  <tr align="left" valign="top">
    <td width="40%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Times New Roman, Times, serif">PARTNERRE
      LTD.</font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="40%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="47%">&nbsp;</td>
  </tr>
  <tr align="left" valign="top">
    <td width="40%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="Times New Roman, Times, serif">By:</font></td>
    <td width="47%"><font size="2" face="Times New Roman, Times, serif">/s/
      Albert Benchimol</font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="40%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="47%"><hr align="left" width=60% size=1 noshade color="#000000">
    </td>
  </tr>
  <tr align="left" valign="top">
    <td width="40%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="47%"><font size="2" face="Times New Roman, Times, serif">Name:&nbsp;&nbsp;Albert
      Benchimol</font></td>
  </tr>
  <tr align="left" valign="top">
    <td width="40%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="3%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td width="47%"><font size="2" face="Times New Roman, Times, serif">Title:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
      Vice President and<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief
      Financial Officer</font></td>
  </tr>
  <tr align="left" valign="top">
    <td><font size="2" face="Times New Roman, Times, serif">Date:
      July 22, 2003</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
    <td><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></td>
  </tr>
</table>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Each
  of the undersigned directors and/or officers of PartnerRe
  Ltd., a company organized under the laws of Bermuda,
  hereby constitutes and appoints Albert A. Benchimol
  and Christine Patton, and each of them, his true and
  lawful attorneys-in-fact and agents, with full power
  of substitution, for him and in his name, place and
  stead, in any and all capacities, to sign, execute
  and deliver this registration statement on Form S-8
  and any and all amendments (including post-effective
  amendments) hereto, and to file the same, with all
  exhibits thereto and all documents in connection therewith,
  with the Securities and Exchange Commission, granting
  unto said attorneys-in-fact and agents, and each of
  them, full power and authority to do and perform each
  and every act and thing requisite and necessary to
  be done in and about the premises, as fully to all
  intents and purposes as he or she might or could do
  in person, hereby ratifying and confirming all that
  said attorneys-in-fact and agents or any of them,
  or his, her or their substitute or substitutes, may
  lawfully do or cause to be done by virtue hereof.
  </FONT> </P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated. </FONT>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="25%"><B><FONT size=1 face="serif"><u>Signature&nbsp;&nbsp;</u></FONT></B></TD>
    <TD align="left" width="3%">&nbsp;</TD>
    <TD align="left" width="63%"><B><FONT size=1 face="serif"><u>Title</u></FONT></B></TD>
    <TD align="center" width="7%"><B><FONT size=1 face="serif"><u>Date</u></FONT></B></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%" align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Patrick A. Thiele</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><font size=2 face="serif">President,
      Chief Executive Officer and</font></TD>
    <TD width="7%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD><font size=2 face="serif">Director</font></TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Patrick
      A. Thiele</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><FONT size=2 face="serif">(Principal
      Executive Officer)</FONT></TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Albert A. Benchimol</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><font size=2 face="serif">Executive
      Vice President and Chief Financial Officer</font></TD>
    <TD width="7%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD><font size=2 face="serif">(Principal Financial
      and Accounting Officer)</font></TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Albert
      A. Benchimol</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      John A. Rollwagen</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><FONT size=2 face="serif">Chairman
      of the Board of Directors</FONT></TD>
    <TD width="7%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">John
      A. Rollwagen</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Robert Baylis</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="7%" align="right"><FONT size=2 face="serif">6/11/03</FONT></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Robert
      Baylis</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Jan H. Holsboer</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="7%" align="right"><FONT size=2 face="serif">6/15/03</FONT></TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="25%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Jan
      H. Holsboer</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="63%">&nbsp;</TD>
    <TD width="7%" align="right">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
  </TR>
</TABLE>
<P align="center">
<FONT size=2 face="serif">5</FONT>
</P>

<P align="right">&nbsp; </P>


<br>
          <!-- *************************************************************************** -->
          <!-- MARKER PAGE="sheet: 1; page: 1" -->
          <hr size=3 color=GRAY noshade>
          <br>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="25%"><B><FONT size=1 face="serif"><u>Signature</u></FONT></B></TD>
    <TD align="left" width="3%">&nbsp;</TD>
    <TD align="left" width="62%"><B><FONT size=1 face="serif"><u>Title</u></FONT></B></TD>
    <TD align="center" width="8%"><B><FONT size=1 face="serif">Date</FONT></B>
      <HR noshade size=1></TD>
    <TD align="center" width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%" align="center">&nbsp;</TD>
    <TD width="62%" align="center">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%" align="center">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Jean-Paul Montupet</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="8%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Jean-Paul
      Montupet</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      R&eacute;my Sautter</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="8%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">R&eacute;my
      Sautter</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Lucio Stanca</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="8%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Lucio
      Stanca</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      Kevin M. Twomey</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="8%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Kevin
      M. Twomey</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">/s/
      J&uuml;rgen Zech</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="8%" align="right"><FONT size=2 face="serif">7/22/03</FONT></TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%"> <HR noshade size=1></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="23%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">J&uuml;rgen
      Zech</FONT></TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
  </TR>
</TABLE>
<br>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td colspan="2"><font size=2 face="serif">PARTNERRE
      U.S. CORPORATION</font></td>
    <td width="34%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td><font size=2 face="serif">By:</font></td>
    <td><font size=2 face="serif">&nbsp;/s/ Scott D.
      Moore </font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="3%">&nbsp;</td>
    <td width="63%"><font size=2 face="serif">
      <hr align=left noshade width=30% size=1>
      </font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td><font size=2 face="serif">Name: Scott D. Moore
      <br>
      Title: &nbsp;&nbsp;&nbsp;President and Chief Executive
      Officer<br>
      <br>
      Authorized Representative in the United States</font>
      <font size=2 face="serif">&nbsp; </font><font size=2 face="serif">
      <br>
      <br>
      </font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<P>&nbsp; </P>
<br>
<br>
<br>
<br>
<br>
<br>
<br>

<P align="center">
<FONT size=2 face="serif">6</FONT>
</P>
<P>&nbsp; </P>
<P align="right">&nbsp; </P>

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          <!-- MARKER PAGE="sheet: 1; page: 1" -->
          <hr size=3 color=GRAY noshade>
          <br>

<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD align="center" width="87%"><B><FONT size=2 face="serif">EXHIBIT
      INDEX&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></TD>
  </TR>
  <TR>
    <TD width="8%">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan="2" align="center"><B><FONT size=2 face="serif">Exhibit
      No.</FONT></B></TD>
    <TD width="87%"><B><FONT size=2 face="serif">Description</FONT></B></TD>
  </TR>
  <TR>
    <TD colspan="2" align="left"> <HR noshade size=1 width=90%></TD>
    <TD><HR align=left noshade size=1 width=90%></TD>
  </TR>
  <TR>
    <TD width="8%" align="right"><font size=2 face="serif">5.1</font></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%"><FONT size=2 face="serif">Opinion
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd.</FONT></TD>
  </TR>
  <TR>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="8%" align="right"><font size=2 face="serif">15.1</font></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%"><FONT size=2 face="serif">Letter
      regarding Unaudited Interim Financial Information</FONT></TD>
  </TR>
  <TR>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="8%" align="right"><font size=2 face="serif">23.1</font></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%"><FONT size=2 face="serif">Consent
      of Deloitte &amp; Touche</FONT></TD>
  </TR>
  <TR>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="8%" align="right"><font size=2 face="serif">23.2</font></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%"><FONT size=2 face="serif">Consent
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd. (included in Exhibit 5.1)</FONT></TD>
  </TR>
  <TR>
    <TD width="8%" align="right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="8%" align="right"><font size=2 face="serif">24.1</font></TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%"><FONT size=2 face="serif">Power
      of Attorney (included on the signature page of
      the Registration Statement)</FONT></TD>
  </TR>
</TABLE>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br>
<br><br>
<br>
<br>
<br>

<br>
<P align="center">
<FONT size=2 face="serif">7</FONT>
</P>
<P>&nbsp; </P>
<P align="right">&nbsp; </P>

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{"company-data": {"conformed-name": "PARTNERRE LTD", "cik": "0000911421", "assigned-sic": "6321", "irs-number": "000000000", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-107242", "film-number": "03796600"}, "business-address": {"street1": "96 PITTS BAY RD", "street2": "CHESNEY HOUSE", "city": "PEMBROKE BERMUDA", "state": "D0", "zip": "HM 08", "phone": "14412920888"}, "mail-address": {"street1": "PARTNERRE LTD", "street2": "96 PITTS BAY ROAD CHESNEY HOUSE", "city": "PEMBROKE BERMUDA", "state": "D0", "zip": "HM 08"}, "former-company": {"former-conformed-name": "PARTNER RE HOLDINGS LTD", "date-changed": "19950725"}}
jul2103_s8
As filed with the Securities and Exchange Commission on July 22, 2003
Registration
  No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
PartnerRe Ltd.
(Exact name of Registrant as specified in its charter)
Bermuda
Not
      Applicable
(State
      of other jurisdiction of incorporation
or organization)
(I.R.S.
      Employer
Identification No.)
96 Pitt
  Bay Road
Pembroke HM 08
Bermuda
(441) 292-0888
(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)
PartnerRe
  Ltd.
2003
  Non-Employee Directors Stock Plan
(Full title
  of the plan)
c/o
  Scott D. Moore
PartnerRe U.S. Corporation
One Greenwich Plaza
Greenwich, CT 06830-6352
(203) 485-4200
(Name,
    address, including zip code, and telephone number,
    including area code, of agent for service)
Copies
      to:
Albert
      A. Benchimol
Executive Vice President &
Chief Financial Officer
96 Pitts Bay Road
Pembroke HM 08
Bermuda
(441) 292-0888
Richard
      J. Sandler, Esq.
Ethan T. James, Esq.
Davis Polk & Wardwell
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
CALCULATION OF REGISTRATION
  FEE
Title
      of Each Class of Securities to be Registered
Amount
      to be
Registered
(1)
Proposed
      Maximum
Offering
Price Per Share
(2)
Proposed
      Maximum
Aggregate Offering
Price
(2)
Amount
      of Registration
Fee
(3)
Common shares, $1.00
      par value
1,000,000
      shares
$50.88
$50,880,000
$4,116
(1)
Represents
      1,000,000 common shares of PartnerRe Ltd., par
      value $1.00 per share (the "Common Shares"),
      authorized to be issued pursuant to the PartnerRe
      Ltd. 2003 Non-Employee Directors Stock Plan (the
"Plan").
      In addition, this Registration Statement covers
      an in determinable number of additional shares
      as may hereafter be offered or sold, pursuant
      to the Plan, to prevent dilution resulting from
      shares splits, shares dividends or similar transactions
      effected without the receipt of consideration
      and pursuant to Rule 416(c) under the Securities
      Act of 1933, as amended (the "Securities
      Act").
(2)
Estimated
      pursuant to Rule 457(c) solely for purposes of
      calculating amount of registration fee, and based
      on the average of the high and low prices reported
      on July 17, 2003 on the consolidated tape for
      New York Stock Exchange listed companies.
(3)
Calculated
      by multiplying the aggregate offering price by
      .0000809.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
The following documents, filed with the Securities and Exchange Commission (the "Commission") by PartnerRe Ltd., a Bermuda company (the "Company"), are incorporated by
reference into the Registration Statement:
(a)
The Company's
      Annual Report on Form 10-K for the fiscal year
      ending December 31, 2002, filed with the Commission
      on March 28, 2003, pursuant to the Securities
      Exchange Act of 1934, as amended (the "Exchange
      Act");
(b)
The Company's
      Current Reports on Form 8-K, filed with the Commission
      on January 17, March 28 ("Risk Factors"),
      April 28, May 2 and May 8, 2003, pursuant to the
      Exchange Act and the Company's Quarterly
      Report on Form 10-Q, filed with the Commission
      on May 15, 2003, pursuant to the Exchange Act;
      and
(c)
The description of
      the Common Shares, which is contained in the Company's
      Registration Statement on Form S-3, filed with
      the Commission on April 30, 2003, pursuant to
      the Securities Act.
In addition, all documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this Registration Statement and
prior to the filing of a post-effective amendment which indicates that all the securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part thereof from the date of the filing of such documents.
Item 4.
Description of Securities
Inapplicable.
Item 5.
Interests of Named Experts and Counsel
Ms. Christine Patton, who is giving an opinion upon the validity of the securities being registered, is general counsel and secretary of the Company.
Item 6.
Indemnification of Directors and Officers
Section 98 of the Companies Act of 1981 of Bermuda (the "Act") provides generally that a Bermuda company may indemnify its directors, officers and auditors against any liability that
by virtue of Bermuda law otherwise would be imposed on them, except in cases where such liability arises from the fraud or dishonesty of which such director, officer or auditor may be guilty in relation to the company. Section 98 further provides
that a Bermudian company may indemnify its directors, officers and auditors against any liability incurred by them in defending any proceedings, whether civil or criminal, in which judgment is awarded in their favor or in which they are acquitted or
granted relief by the Supreme Court of Bermuda in certain proceedings arising under Section 281 of the Act.
We have adopted provisions in our Bye-Laws that provide that we shall indemnify our officers and directors to the maximum extent permitted under the Act, except where such liability arises from
fraud, dishonesty, willful negligence or default.
We have entered into employment agreements with certain of our executive officers which each contain provisions pursuant to which we have agreed to indemnify the executive as required by the
Bye-Laws and maintain customary insurance policies providing for indemnification.
2
We have purchased insurance on behalf of our directors and officers for liabilities arising out of their capacities as such.
Item 7.
Exemption
from Registration Claimed
Inapplicable.
Item 8.
Exhibits and Financial Statement Schedules
(a)  The
following exhibits are filed as part of this Registration
Statement:
Exhibit
      No.
Description
5.1
Opinion
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd.
15.1
Letter
      regarding Unaudited Interim Financial Information
23.1
Consent
      of Deloitte & Touche
23.2
Consent
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd. (included in Exhibit 5.1)
24.1
Power
      of Attorney (included on the signature page of
      the Registration Statement)
Item 9.
Undertakings
1
The
      undersigned registrant hereby undertakes that:
(a)
to file,
      during any period in which offers or sales are
      being made, a post-effective amendment to the
      Registration Statement:
(i)   to
      include any prospectus required by Section 10(a)(3)
      of the Securities Act;
(ii)  
      to reflect in the prospectus any facts or events
      arising after the effective date of the Registration
      Statement (or the most recent post-effective amendment
      thereof) which, individually or in the aggregate,
      represent a fundamental change in the information
      set forth in the Registration Statement;
(iii)  
      to include any material information with respect
      to the plan of distribution not previously disclosed
      in the Registration Statement or any material
      change to such information in the Registration
      Statement;
provided
,
however,
that paragraphs (a)(i) and (a)(ii) do not apply
      if the information required to be included in
      a post-effective amendment by those paragraphs
      is contained in periodic reports filed with or
      furnished to the Commission by the Company pursuant
      to Section 13 or Section 15(d) of the Exchange
      Act that are incorporated by reference in the
      Registration Statement.
(b)
for the purpose of
      determining any liability under the Securities
      Act, each such post-effective amendment
shall
      be deemed to be a new registration statement relating
      to the securities offered therein, and the
offering
      of such securities at that time shall be deemed
      to be the initial bona fide offering thereof.
(c)
To remove from registration
      by means of a post-effective amendment any of
      the securities being registered
which
      remain unsold at the termination of the offering.
2.
The undersigned
      registrant hereby undertakes that, for purposes
      of determining any liability under the Securities
      Act, each filing of the registrant's annual
      report pursuant to Section 13(a) or Section 15(d)
      of the Exchange Act that is incorporated by reference
      in the Registration Statement shall be deemed
      to be a new registration statement relating to
      the securities offered therein, and the offering
      of such securities at that time shall be deemed
      to be the initial bona fide offering thereof.
3
3.   Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions set forth or described in Item 6 of
this Registration Statement, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly
caused this Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in Pembroke, Bermuda, on this 22
nd
day of July, 2003.
PARTNERRE
      LTD.
By:
/s/
      Albert Benchimol
Name:  Albert
      Benchimol
Title:     Executive
      Vice President and
Chief
      Financial Officer
Date:
      July 22, 2003
Each
  of the undersigned directors and/or officers of PartnerRe
  Ltd., a company organized under the laws of Bermuda,
  hereby constitutes and appoints Albert A. Benchimol
  and Christine Patton, and each of them, his true and
  lawful attorneys-in-fact and agents, with full power
  of substitution, for him and in his name, place and
  stead, in any and all capacities, to sign, execute
  and deliver this registration statement on Form S-8
  and any and all amendments (including post-effective
  amendments) hereto, and to file the same, with all
  exhibits thereto and all documents in connection therewith,
  with the Securities and Exchange Commission, granting
  unto said attorneys-in-fact and agents, and each of
  them, full power and authority to do and perform each
  and every act and thing requisite and necessary to
  be done in and about the premises, as fully to all
  intents and purposes as he or she might or could do
  in person, hereby ratifying and confirming all that
  said attorneys-in-fact and agents or any of them,
  or his, her or their substitute or substitutes, may
  lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/
      Patrick A. Thiele
President,
      Chief Executive Officer and
7/22/03
Director
Patrick
      A. Thiele
(Principal
      Executive Officer)
/s/
      Albert A. Benchimol
Executive
      Vice President and Chief Financial Officer
7/22/03
(Principal Financial
      and Accounting Officer)
Albert
      A. Benchimol
/s/
      John A. Rollwagen
Chairman
      of the Board of Directors
7/22/03
John
      A. Rollwagen
/s/
      Robert Baylis
Director
6/11/03
Robert
      Baylis
/s/
      Jan H. Holsboer
Director
6/15/03
Jan
      H. Holsboer
5
Signature
Title
Date
/s/
      Jean-Paul Montupet
Director
7/22/03
Jean-Paul
      Montupet
/s/
      Rémy Sautter
Director
7/22/03
Rémy
      Sautter
/s/
      Lucio Stanca
Director
7/22/03
Lucio
      Stanca
/s/
      Kevin M. Twomey
Director
7/22/03
Kevin
      M. Twomey
/s/
      Jürgen Zech
Director
7/22/03
Jürgen
      Zech
PARTNERRE
      U.S. CORPORATION
By:
/s/ Scott D.
      Moore
Name: Scott D. Moore
Title:    President and Chief Executive
      Officer
Authorized Representative in the United States
6
EXHIBIT
      INDEX
Exhibit
      No.
Description
5.1
Opinion
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd.
15.1
Letter
      regarding Unaudited Interim Financial Information
23.1
Consent
      of Deloitte & Touche
23.2
Consent
      of Ms. Christine Patton, General Counsel of PartnerRe
      Ltd. (included in Exhibit 5.1)
24.1
Power
      of Attorney (included on the signature page of
      the Registration Statement)
7