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
OMB APPROVAL
OMB Number: 3235-0104
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
  Desmet Laurie
 2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2013		 3. Issuer Name and Ticker or Trading Symbol
PARTNERRE LTD [PRE]
(Last)
(First)
(Middle)
PARTNER REINSURANCE COMPANY OF THE U.S., ONE GREENWICH PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP & COO, PartnerRe Ltd
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

GREENWICH, CT 06830-6352		 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 16,204 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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
Stock Appreciation Rights   (2) 02/24/2016 Common Shares 2,500 $ 61.2 D  
Stock Appreciation Rights   (2) 02/23/2017 Common Shares 10,500 $ 71.35 D  
Stock Appreciation Rights   (2) 02/27/2018 Common Shares 12,000 $ 77.92 D  
Stock Appreciation Rights   (2) 08/06/2018 Common Shares 10,000 $ 70.7 D  
Stock Appreciation Rights   (2) 02/27/2019 Common Shares 2,763 $ 61.9 D  
Stock Appreciation Rights 02/26/2011 02/26/2020 Common Shares 10,200 $ 79.61 D  
Stock Appreciation Rights 03/01/2013 02/28/2022 Common Shares 7,500 $ 63.44 D  
Stock Appreciation Rights 07/02/2013 07/02/2022 Common Shares 10,000 $ 75.67 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Desmet Laurie
PARTNER REINSURANCE COMPANY OF THE U.S.
ONE GREENWICH PLAZA
GREENWICH, CT 06830-6352		       EVP & COO, PartnerRe Ltd  

Signatures

Marc Wetherhill as Attorney-in-Fact for Laurie Desmet 04/02/2013
**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) Of this amount 1,962 represents the "target" Performance Share Units award assuming target performance of 100%. The maximum equity award value is 150% of the "target" value which is equivalent to 2,943 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 981 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period.
(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 anniversary of the date of grant and are settled in shares. These SARs have all vested and are exercisable.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.