-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EuUKiZ5L5/fkEhfvC7xXY+eBn5HYg7hpcIvdJhLRJYhbvSG9fg6YStASNKRNO+XK HN0TN7cb1CKzC8NldMg4BQ== 0000950172-03-001444.txt : 20030506 0000950172-03-001444.hdr.sgml : 20030506 20030506092552 ACCESSION NUMBER: 0000950172-03-001444 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030506 GROUP MEMBERS: SWISSRE CAPITAL MANAGEMENT (BERMUDA) LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PARTNERRE LTD CENTRAL INDEX KEY: 0000911421 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45114 FILM NUMBER: 03683152 BUSINESS ADDRESS: STREET 1: 96 PITTS BAY RD STREET 2: CHESNEY HOUSE CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 08 BUSINESS PHONE: 14412920888 MAIL ADDRESS: STREET 1: PARTNERRE LTD STREET 2: 96 PITTS BAY ROAD CHESNEY HOUSE CITY: PEMBROKE BERMUDA STATE: D0 ZIP: HM 08 FORMER COMPANY: FORMER CONFORMED NAME: PARTNER RE HOLDINGS LTD DATE OF NAME CHANGE: 19950725 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SWISS REINSURANCE CO CENTRAL INDEX KEY: 0000315043 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 50/60 MYTHENQUAI STREET 2: CH-8022 CITY: ZURICH STATE: V8 ZIP: 00000 BUSINESS PHONE: 0114112852162 FORMER COMPANY: FORMER CONFORMED NAME: SWISS RE ASSET MANAGEMENT AMERICAS INC DATE OF NAME CHANGE: 20021112 FORMER COMPANY: FORMER CONFORMED NAME: SWISS REINSURANCE CO DATE OF NAME CHANGE: 19960313 SC 13D/A 1 s415472.txt SC 13D/A #10 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Amendment No. 10 Under the Securities Exchange Act of 1934 Information to be included in statements filed pursuant to Rule 13D-1(A) and Amendments thereto filed pursuant to Rule 13D-2(A) PartnerRe Ltd. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $1.00 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) G6852T-105 - -------------------------------------------------------------------------------- (CUSIP Number) Markus U. Diethelm Chief Legal Officer and Member of Senior Management Swiss Reinsurance Company 50/60 Mythenquai CH-8022 Zurich, Switzerland Tel. No.: 011-41-43-285-2162 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 6, 2003 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ] (Continued on following pages) (Page 1 of 3 pages) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. G6852T-105 Page 2 of 3 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON - -------------------------------------------------------------------------------- S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Swiss Reinsurance Company - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Switzerland - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ---------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 8,340,731 ---------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 ---------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 8,340,731 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,340,731 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- SCHEDULE 13D - -------------------------------------------------------------------------------- CUSIP No. G6852T-105 Page 3 of 3 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SwissRe Capital Management (Bermuda) Ltd. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) |X| (b) | | - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) WC, OO - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES --------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 8,340,731 --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 --------------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 8,340,731 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,340,731 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.6% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) CO - -------------------------------------------------------------------------------- The item numbers and responses thereto below are in accordance with the requirements of Schedule 13D. This Amendment No. 10 amends and supplements the Schedule 13D, dated as of June 13, 1997, as amended, filed with respect to the common shares, par value $1.00 per share (the "Common Stock"), of PartnerRe Ltd., a Bermuda company (the "Company"). Item 3. Source and Amount of Funds or Other Consideration. Item 3 of the 13D is hereby amended and supplemented by adding the following paragraph before the final paragraph thereof: Capital Management's exercise of 677,873 warrants and 96,000 options was settled on May 2, 2003. Pursuant to such settlement, the Company issued 773,873 shares of Common Stock to SwissRe Capital Management (Bermuda) Ltd. ("Capital Management") and Capital Management paid the Company an aggregate exercise price of 271,238 shares of Common Stock. Following such settlement, Capital Management owns 8,340,731 shares of Common Stock. Item 4. Purpose of the Transaction. Item 4 of the 13D is hereby amended and supplemented by adding the following paragraphs at the end thereof: Capital Management's exercise of 677,873 warrants and 96,000 options was settled on May 2, 2003. Pursuant to such settlement, the Company issued 773,873 shares of Common Stock to Capital Management and Capital Management paid the Company an aggregate exercise price of 271,238 shares of Common Stock. Following such settlement, Capital Management owns 8,340,731 shares of Common Stock. Pursuant to Capital Management's request for registration, dated April 29, 2003, the Company filed a registration statement on Form S-3 with the Securities and Exchange Commission (the "SEC") on April 30, 2003 covering the resale by Capital Management of up to 8,340,731 shares of Common Stock. Such registration statement was declared effective on May 5, 2003. On May 6, 2003, Capital Management intends to enter into an agreement to sell to Citigroup Global Markets Inc. ("Citigroup") 8,340,731 shares of Common Stock pursuant to such registration statement, constituting all of the shares of Common Stock held by the reporting persons. Citigroup has informed Capital Management that Citigroup intends to reoffer such shares to investors. Given the positive outlook for the reinsurance market, SwissRe believes it can best capitalize on this opportunity by allocating its capacity directly to its reinsurance business. This transaction is also in line with SwissRe's strategy to reduce its equity exposure. Item 5. Interest in Securities of the Issuer. (a) The last sentence of Item 5(a) is hereby amended and restated in its entirety as follows: The reporting persons beneficially own 8,340,731 shares of Common Stock held by Capital Management or 15.6% of the outstanding Common Stock of the Company. (b) The last sentence of Item 5(b) is hereby amended and restated in its entirety as follows: The reporting persons have the shared power to vote and to dispose of 8,340,731 shares of Common Stock, or 15.6% of the outstanding Common Stock of the Company. (c) Item 5(c) is hereby amended and supplemented by adding the following language at the end thereof. Capital Management's exercise of 677,873 warrants and 96,000 options was settled on May 2, 2003. Pursuant to such settlement, the Company issued 773,873 shares of Common Stock to Capital Management and Capital Management paid the Company an aggregate exercise price of 271,238 shares of Common Stock. Following such settlement, Capital Management owns 8,340,731 shares of Common Stock. (d) - (e) Inapplicable. SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, each person set forth below certifies that the information set forth in this statement is true, complete and correct. Dated as of: May 6, 2003 SWISS REINSURANCE COMPANY SWISS REINSURANCE COMPANY By: /s/ Peter Gujer By: /s/ Andre Pfanner ------------------------ ------------------------ Name: Peter Gujer Name: Andre Pfanner Title: Managing Director Title: Member of Senior Management SWISSRE CAPITAL MANAGEMENT SWISSRE CAPITAL MANAGEMENT (BERMUDA) LTD. (BERMUDA) LTD. By: /s/ Helmut Brechot By: /s/ Ulrich Ackerman ------------------------ ------------------------ Name: Helmut Brechot Name: Ulrich Ackerman Title: Member of the Board of Directors Title: CFO and Vice President -----END PRIVACY-ENHANCED MESSAGE-----