Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Clarke Emmanuel
2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2010
3. Issuer Name and Ticker or Trading Symbol
PARTNERRE LTD [PRE]
(Last)
(First)
(Middle)
PARTNERRE HOLDINGS EUROPE LIMITED, BELLERIVESTRASSE 36
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO, PartnerRe Global
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

ZURICH, V8 CH-8034
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares 8,099
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Share Option (right to buy)   (1) 02/26/2012 Common Shares 2,000 $ 53.8 D  
Non-Qualified Share Option (right to buy)   (1) 02/25/2013 Common Shares 3,000 $ 49.68 D  
Non-Qualified Share Option (right to buy)   (1) 02/24/2014 Common Shares 5,000 $ 55.63 D  
Non-Qualified Share Option (right to buy)   (1) 02/24/2015 Common Shares 2,500 $ 62.7 D  
Non-Qualified Share Option (right to buy)   (1) 09/30/2015 Common Shares 2,000 $ 63.96 D  
Share-Settled Share Appreciation Rights   (2) 02/24/2016 Common Shares 7,500 $ 61.2 D  
Share-Settled Share Appreciation Rights   (2) 02/23/2017 Common Shares 10,500 $ 71.35 D  
Non-Qualified Share Option (right to buy)   (3) 03/31/2018 Common Shares 12,000 $ 75.85 D  
Share-Settled Share Appreciation Rights   (4) 02/27/2019 Common Shares 2,763 $ 61.9 D  
Share-Settled Share Appreciation Rights   (5) 02/26/2020 Common Shares 12,000 $ 79.61 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Clarke Emmanuel
PARTNERRE HOLDINGS EUROPE LIMITED
BELLERIVESTRASSE 36
ZURICH, V8 CH-8034
      CEO, PartnerRe Global  

Signatures

Amanda E. Sodergren as Attorney-in-Fact for Emmanuel Clarke 09/01/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Options are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant. These Options have all vested and are exercisable.
(2) The Share-Settled Share Appreciation Rights (SARs) are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant and are settled in shares. These SARs have all vested and are exercisable.
(3) The Options are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant. The first installment became exercisable on March 31, 2009, the second on March 31, 2010, and the third installment becomes exercisable on March 31, 2011.
(4) The Share-Settled Share Appreciation Rights (SARs) are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant. The first installment became exercisable on February 27, 2010, and the next two installments become exercisable on February 27, 2011 and February 27, 2012.
(5) The Share-Settled Share Appreciation Rights (SARs) are exercisable 33% on the first and second anniversary of the date of grant and 34% on the third anniverary of the date of grant. The first installment becomes exercisable on February 26, 2011, the second on February 26, 2012 and the third on February 26, 2013.

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