X0306 4 2013-03-01 0000911421 PARTNERRE LTD PRE 0001487065 Outtrim David WELLESLEY HOUSE 90 PITTS BAY ROAD PEMBROKE D0 BERMUDA 1 Chief Accounting Officer Common Shares 2013-03-01 4 A 0 1699 0 A 6979 D Common Shares 2013-03-01 4 A 0 1138 0 A 8117 D Restricted Share Units granted as a long-term incentive award will vest 100% on the 3rd anniversary of the date of Grant. Performance Share Units granted as a long-term incentive award will vest 100% on the third anniversary of the date of grant. Vesting of these shares is subject to the satisfactory achievement of both service and performance-based vesting conditions. The amount of 1,138 reported as granted represents the "target" equity award assuming target performance of 100%. The maximum equity award value is 150% of the "target" value which is equivalent to 1,707 shares and the minimum equity award value is 50% of the "target" value which is equivalent to 569 shares. The performance metric is the change in Tangible Book Value per Share over a three-year period. Marc Wetherhill as Attorney-in-Fact for David Outtrim 2013-03-05