| UNITED STATES | ||
| SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 |
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): November 21, 2006 |
| PartnerRe Ltd. |
| (Exact Name of Registrant as specified in its Charter) |
| Bermuda | ||
| (State or other jurisdiction of Incorporation) | ||
| 0-2253 | Not Applicable | |
| (Commission File Number) | (IRS Employer Identification No.) | |
| Chesney House, 96 Pitts Bay Road, Pembroke, Bermuda |
HM 08 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s
telephone number, including area code: (441) 292-0888 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.04. Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On November 21, 2006, PartnerRe Ltd. announced that PartnerRe Capital Trust I will call for redemption all of its outstanding 7.90% preferred securities concurrently with the redemption of the underlying junior subordinated debt securities on December 21, 2006. The redemptions will be conducted pursuant to the terms of the documents governing the securities, including the trust agreement relating to PartnerRe Capital Trust I and the junior subordinated indenture of PartnerRe Finance I Inc. The aggregate redemption price for the trust preferred securities will be $203.5 million, which includes unpaid distributions accrued to the date of redemption.
Exhibit 99.1. Text of Press Release of PartnerRe Ltd., dated November 21, 2006.
SIGNATURES
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 hereunto duly authorized.
| PartnerRe Ltd. | ||||
| (Registrant) | ||||
| Date: | November 22, 2006 | By: | /s/ Amanda Sodergren | |
| Name: | Amanda Sodergren | |||
| Title: | Director of Group Legal | |||
INDEX TO EXHIBITS
| Exhibit No. | Description |
| 99.1 | Text of Press Release of PartnerRe Ltd., dated November 21, 2006. |