PartnerRe files $400 mln debt, pfd, stock, convertible shelf

By Peter Heap

New York, Oct. 3 - PartnerRe Ltd. filed a shelf registration for up to $400 million of debt securities, preferred stock, trust preferreds, common stock, warrants, stock purchase contracts and stock purchase units with the Securities and Exchange Commission Wednesday. The debt securities and preferreds may be convertible into stock, if the company specifies at the time of sale.

PartnerRe, a Pembroke, Bermuda reinsurance company, said it would use proceeds from the securities sales for working capital, capital expenditures, acquisitions and other general corporate purposes.

For the six months ended June 30, 2001, PartnerRe had an earnings to fixed charge ratio of 14.11:1 compared to 6.80:1 for the same period of 2000.

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