EXHIBIT 21.1

PartnerRe Ltd.
And
Subsidiaries

								% Beneficial Ownership by Immediate Parent		Jurisdiction of Incorporation
PartnerRe Ltd.									—		Bermuda
	Partner Reinsurance Company Ltd.								100		Bermuda
		PartnerRe Servicios Y Compania Limitada (1)							100		Chile
	PartnerRe Services Ltd.								100		Bermuda
	PartnerRe UK Holdings Limited								100		United Kingdom
	PartnerRe (Curacao) N.V.								100		Netherlands Antilles
		PartnerRe Holdings B.V.							100		Netherlands
			SAFR Holdings SA						100		France
				PartnerRe SA					100		France
					PartnerRe U.S. Corporation				100		United States
						Partner Reinsurance Company of the U.S.			100		United States
							PartnerRe Insurance Company of New York		100		United States
						Transat Madison Corp.			100		United States
						PartnerRe Asset Management Corporation			100		United States
						PartnerRe New Solutions Inc.			100		United States
						PartnerRe Finance I Inc.			100		United States
							PartnerRe Capital Trust I		100		United States
						PartnerRe Finance II Inc.			100		United States
							PartnerRe Capital Trust II		100		United States
							PartnerRe Capital Trust III		100		United States
					PartnerRe Group Services (HK) Limited				100		Hong Kong
					Gesser SARL				100		France
					SCI Francoreas				100		France
						Coresa (2)			100		Luxembourg

(1)	Partner Reinsurance Company Ltd holds 99% of PartnerRe Servicios Y Compania Limitada shares and PartnerRe Services Ltd holds the remaining 1%.
(2)	SCI Francoreas holds 91% of Coresa shares and PartnerRe SA holds the remaining 9%.