Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
THIELE PATRICK A
   2. Issuer Name and Ticker or Trading Symbol
PARTNERRE LTD [PRE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
WELLESLEY HOUSE, 90 PITTS BAY ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
12/20/2010
(Street)

PEMBROKE, D0 HM 08		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 12/20/2010   M   54,375 A $ 53.8 290,597 D  
Common Shares 12/20/2010   F   37,510 D $ 77.99 253,087 D  
Common Shares 12/20/2010   M   14,539 A $ 53.8 267,626 D  
Common Shares 12/20/2010   F   10,030 D $ 77.99 257,596 D  
Common Shares 12/20/2010   M   100,000 A $ 49.68 357,596 D  
Common Shares 12/20/2010   F   63,701 D $ 77.99 293,895 D  
Common Shares 12/20/2010   M   12,613 A $ 49.68 306,508 D  
Common Shares 12/20/2010   F   8,035 D $ 77.99 298,473 D  
Common Shares 12/20/2010   M   89,700 A $ 55.63 388,173 D  
Common Shares 12/20/2010   S   8,472 D $ 77.8 379,701 D  
Common Shares 12/20/2010   S   600 D $ 77.805 379,101 D  
Common Shares 12/20/2010   S   100 D $ 77.808 379,001 D  
Common Shares 12/20/2010   S   2,288 D $ 77.81 376,713 D  
Common Shares 12/20/2010   S   300 D $ 77.815 376,413 D  
Common Shares 12/20/2010   S   500 D $ 77.825 375,913 D  
Common Shares 12/20/2010   S   100 D $ 77.828 375,813 D  
Common Shares 12/20/2010   S   200 D $ 77.83 375,613 D  
Common Shares 12/20/2010   S   1,300 D $ 77.835 374,313 D  
Common Shares 12/20/2010   S   200 D $ 77.838 374,113 D  
Common Shares 12/20/2010   S   100 D $ 77.839 374,013 D  
Common Shares 12/20/2010   S   600 D $ 77.84 373,413 D  
Common Shares 12/20/2010   S   900 D $ 77.845 372,513 D  
Common Shares 12/20/2010   S   200 D $ 77.848 372,313 D  
Common Shares 12/20/2010   S   600 D $ 77.85 371,713 D  
Common Shares 12/20/2010   S   200 D $ 77.855 371,513 D  
Common Shares 12/20/2010   S   100 D $ 77.86 371,413 D  
Common Shares 12/20/2010   S   1,300 D $ 77.865 370,113 D  
Common Shares 12/20/2010   S   200 D $ 77.867 369,913 D  
Common Shares 12/20/2010   S   2,200 D $ 77.868 367,713 D  
Common Shares 12/20/2010   S   100 D $ 77.869 367,613 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Share Option (right to buy) $ 53.8 12/20/2010   M     54,375 02/26/2002 02/26/2012 Common Shares 54,375 $ 77.99 0 D  
Non-Qualified Share Option (right to buy) $ 53.8 12/20/2010   M     14,539 02/26/2002 02/26/2012 Common Shares 14,539 $ 77.99 0 D  
Non-Qualified Share Option (right to buy) $ 49.68 12/20/2010   M     100,000 02/25/2003 02/25/2013 Common Shares 100,000 $ 77.99 0 D  
Non-Qualified Share Option (right to buy) $ 49.68 12/20/2010   M     12,613 02/25/2003 02/25/2013 Common Shares 12,613 $ 77.99 0 D  
Non-Qualified Share Option (right to buy) $ 55.63 12/20/2010   M     89,700 02/24/2005 02/24/2014 Common Shares 89,700 $ 77.99 60,300 D  
Non-Qualified Share Option (right to buy) $ 55.63 12/20/2010   M     34,324 02/24/2005 02/24/2014 Common Shares 34,324 $ 77.99 25,976 D  
Non-Qualified Share Option (right to buy) $ 62.91 12/20/2010   M     40,579 02/10/2006 02/10/2015 Common Shares 40,579 $ 77.99 9,564 D  
Non-Qualified Share Option (right to buy) $ 62.91 12/20/2010   M     9,564 02/10/2006 02/10/2015 Common Shares 9,564 $ 77.99 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
THIELE PATRICK A
WELLESLEY HOUSE
90 PITTS BAY ROAD
PEMBROKE, D0 HM 08		       Chief Executive Officer  

Signatures

 Amanda Sodergren as Attorney-in-Fact for Patrick Thiele   12/21/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).

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