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 *
Walker Theodore C
   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)
President & CEO, PartnerRe NA
(Last)
(First)
(Middle)
PARTNER REINSURANCE COMPANY OF THE U.S., ONE GREENWICH PLAZA		 3. Date of Earliest Transaction (Month/Day/Year)
02/05/2015
(Street)

GREENWICH, CT 06830-6352		 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 02/05/2015   M   516 A $ 0 26,928 D  
Common Shares 02/05/2015   M   2,551 A $ 0 29,479 D  
Common Shares 02/05/2015   M   2,212 A $ 0 31,691 D  
Common Shares 02/05/2015   M   4,175 A $ 62.7 35,866 D  
Common Shares 02/05/2015   S   133 D $ 121 35,733 D  
Common Shares 02/05/2015   S   622 D $ 121.05 35,111 D  
Common Shares 02/05/2015   S   2,119 D $ 121.07 32,992 D  

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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
Stock Appreciation Rights $ 61.2 02/05/2015   M     2,500 02/24/2007 02/24/2016 Common Shares 2,500 $ 0 0 D  
Stock Appreciation Rights $ 71.35 02/05/2015   M     10,500 02/23/2008 02/23/2017 Common Shares 10,500 $ 0 0 D  
Stock Appreciation Rights $ 78.24 02/05/2015   M     10,000 07/05/2008 07/05/2017 Common Shares 10,000 $ 0 0 D  
Non-qualified Stock Option (Right to Buy) $ 62.7 02/05/2015   M     802 02/24/2006 02/24/2015 Common Shares 802 $ 0 3,373 D  
Non-qualified Stock Option (Right to Buy) $ 62.7 02/05/2015   M     29 02/24/2006 02/24/2015 Common Shares 29 $ 0 3,344 D  
Non-qualified Stock Option (Right to Buy) $ 62.7 02/05/2015   M     104 02/24/2006 02/24/2015 Common Shares 104 $ 0 3,240 D  
Non-qualified Stock Option (Right to Buy) $ 62.7 02/05/2015   M     2,618 02/24/2006 02/24/2015 Common Shares 2,618 $ 0 622 D  
Non-qualified Stock Option (Right to Buy) $ 62.7 02/05/2015   M     622 02/24/2006 02/24/2015 Common Shares 622 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Walker Theodore C
PARTNER REINSURANCE COMPANY OF THE U.S.
ONE GREENWICH PLAZA
GREENWICH, CT 06830-6352		       President & CEO, PartnerRe NA  

Signatures

 Marc Wetherhill as Attorney-in-Fact for Theodore C Walker   02/09/2015
**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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