Attached files

file filename
EX-4.3 - EXHIBIT 4.3 - PARTNERRE LTDdp16912_ex0403.htm
8-K - FORM 8-K - PARTNERRE LTDdp16912_8k.htm
EX-4.1 - EXHIBIT 4.1 - PARTNERRE LTDdp16912_ex0401.htm
EX-4.4 - EXHIBIT 4.4 - PARTNERRE LTDdp16912_ex0404.htm
EX-5.1 - EXHIBIT 5.1 - PARTNERRE LTDdp16912_ex0501.htm
EX-1.1 - EXHIBIT 1.1 - PARTNERRE LTDdp16912_ex0101.htm
EX-4.2 - EXHIBIT 4.2 - PARTNERRE LTDdp16912_ex0402.htm
 
Exhibit 5.2
 

 
   
 
   
PartnerRe Ltd.
90 Pitts Bay Road
Pembroke HM 08
Bermuda
March 15, 2010

 

 
Dear Sirs,
 
Registration Statement on Form S-3
 
I am Associate General Counsel for PartnerRe Ltd., a company incorporated under the laws of Bermuda (“PartnerRe”), in connection with the filing by PartnerRe and PartnerRe B LLC (“PartnerRe Finance”) of the Registration Statement on Form S-3 with the United States Securities and Exchange Commission (File No. 333-138531) (the “Registration Statement”), under which PartnerRe and PartnerRe Finance have registered under the United States Securities Act of 1933, as amended (the “Securities Act”) $500,000,000 aggregate principal amount of PartnerRe Finance’s 5.500% Senior Notes Due 2020 (the “Notes”). The Notes are to be issued pursuant to an Indenture and First Supplemental Indenture, each dated March 15, 2010 (together, the “Indenture”) among PartnerRe Finance, PartnerRe and The Bank of New York Mellon, as Trustee. The Notes are to be guaranteed pursuant to a Senior Debt Securities Guarantee Agreement and First Supplemental Debt Securities Guarantee Agreement, each dated March 15, 2010 (together, the “Guarantee”) between PartnerRe and The Bank of New York, as Trustee.
 
Capitalized terms used but not defined herein have the meaning assigned to them in the Indenture.
 
In stating my opinion I have reviewed such documents and have relied upon originals or certified copies of such documents as I have deemed relevant and necessary as a basis for such opinion, and I have not attempted independently to verify or establish the factual matters set forth in such documents.
 
Opinion
 
Based upon and subject to the foregoing and subject to the reservation set out below and to any matters not disclosed to me, I am of the opinion that PartnerRe has the power and authority to enter into the Indenture and the Guarantee; the execution, delivery and performance of its obligations under the Indenture and the Guarantee by PartnerRe have been duly and validly authorized by PartnerRe; and the Indenture and Guarantee have been duly executed and delivered by PartnerRe.
 
Reservation
 
I express no opinion as to any law other than Bermuda law and the opinion expressed herein does not relate to compliance with or matters governed by the laws of any jurisdiction except Bermuda. This opinion is limited to Bermuda law as applied by the courts of Bermuda at the date hereof.
 
Disclosure
 
This opinion is addressed to you in connection with the offering of the Notes. I consent to the inclusion of this opinion as an Exhibit to the Registration Statement. I further consent to the reference to me under the caption “Validity of the Notes” in the prospectus supplement relating to the Notes. In neither case do I admit that I am an expert within the meaning of the Securities Act.
 
 
PartnerRe Ltd.
Fifth Floor, Wellesley House South
90 Pitts Bay Road,
Pembroke, HM 08, Bermuda
Tel: +1 441 292 0888
Fax: +1 441 292 7010
 
www.partnerre.com
The thinking insurer’s reinsurer.
 
 

 
   
 
 
 
This opinion speaks as of its date and is strictly limited to the matters stated herein and I assume no obligation to review or update this opinion if applicable law or the existing facts or circumstances should change. This opinion is governed by and is to be construed in accordance with Bermuda law. It is given on the basis that it will not give rise to any legal proceedings with respect thereto in any jurisdiction other than Bermuda.
 
 
/s/ Jean-Paul Dyer
 
Jean-Paul Dyer
Associate General Counsel
 
 
PartnerRe Ltd.
Fifth Floor, Wellesley House South
90 Pitts Bay Road,
Pembroke, HM 08, Bermuda
Tel: +1 441 292 0888
Fax: +1 441 292 7010
 
www.partnerre.com
The thinking insurer’s reinsurer.
 
2

 
Jean-Paul Dyer
Associate General Counsel
 
 
 
SCHEDULE
 
1.
A copy of the Indenture among PartnerRe Finance, as issuer, PartnerRe, as guarantor, and The Bank of New York Mellon, as trustee dated March 15, 2010.
 
2.
A copy of the First Supplemental Indenture among PartnerRe Finance, as issuer, PartnerRe, as guarantor, and The Bank of New York Mellon, as trustee dated March 15, 2010.
 
3.
The Certificate of Incorporation, Memorandum of Association and Bye-Laws of PartnerRe.
 
4.
A copy of the Senior Debt Securities Guarantee Agreement with respect to the senior debt securities to be issued by PartnerRe Finance dated March 15, 2010.
 
5.
A copy of the First Supplemental Debt Securities Guarantee Agreement with respect to the senior debt securities to be issued by PartnerRe Finance dated March 15, 2010.
 
 
 
PartnerRe Ltd.
Fifth Floor, Wellesley House South
90 Pitts Bay Road,
Pembroke, HM 08, Bermuda
Tel: +1 441 292 0888
Fax: +1 441 292 7010
 
www.partnerre.com
The thinking insurer’s reinsurer.
 
 
3