A.M. Best Comments on PartnerRe Group Centralization of Global Reinsurance Structure in Ireland

Business Wire, August 22, 2007

OLDWICK, N.J. -- A.M. Best Co. has commented that the financial strength rating of A (Superior), the issuer credit ratings of "aa-" and all related debt ratings of PartnerRe Group (PartnerRe) (Hamilton, Bermuda) and its rated members are unchanged following the announcement that the group will centralize its global reinsurance structure.

Under the proposed organizational restructuring effective January 1, 2008, Partner Reinsurance Europe Limited (PartnerRe Europe), a wholly owned subsidiary of PartnerRe's parent, Partner Re Ltd. (Hamilton, Bermuda) [NYSE: PRE], will operate as the principle reinsurance carrier for PartnerRe's business underwritten in France, Ireland, Switzerland and Canada. Upon the completion of the restructuring and the capitalization of PartnerRe Europe, A.M. Best will assign ratings to the new formation after further review of the finalized structure's business plan and risk-adjusted capitalization.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.