UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
PARTNERRE LTD
(Name of Issuer)
Common Stock, $1.00 Par Value
(Title of Class of Securities)
G6852T105
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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CUSIP NO. G6852T105
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harris Associates L.P. 04-3276558
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
765,851
7. SOLE DISPOSITIVE POWER
765,851
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,851
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.57%
12. TYPE OF REPORTING PERSON*
IA
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. G6852T105
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Harris Associates Inc. 04-3276549
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH
5. SOLE VOTING POWER
None
6. SHARED VOTING POWER
765,851
7. SOLE DISPOSITIVE POWER
765,851
8. SHARED DISPOSITIVE POWER
None
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
765,851
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.57%
12. TYPE OF REPORTING PERSON*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1(a)Name of Issuer:
PARTNERRE LTD
1(b) Address of Issuer's Principal Executive Offices:
106 PITTS BAY ROAD, BELVEDERE BLDG.
PEMMBROKE PARISH BER, BERMUDA
Item 2(a) Name of Person Filing:
Harris Associates L.P. ("Harris")
Harris Associates Inc. ("General Partner")
2(b) Address of Principal Business Office or, if none, Residence:
Both Harris and the General Partner maintain
their principal offices at:
Two North LaSalle Street, Suite 500
Chicago, IL 60602-3790
2(c) Citizenship:
Harris is a Delaware limited partnership.
The General Partner is a Delaware corporation.
2(d) Title of Class of Securities:
Common Stock, $1.00 Par Value (the "Shares")
2(e) CUSIP Number:
G6852T105
Item 3 If this statement if filed pursuant to Rules 13d-1(b), or 13d-2(b):
Not applicable.
Item 4 Ownership (at October 31, 2000):
4(a) By reason of advisory and other relationships with the
person who owns the Shares, Harris may be deemed to be
the beneficial owner of the following shares:
765,851 shares
4(b) Percent of Class:
1.57%
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4(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
None
(ii) shared power to vote or to direct the vote:
765,851
(iii) sole power to dispose or to direct the disposition of:
765,851
(iv) shared power to dispose or to direct the disposition of:
None
Harris has been granted the power to vote Shares in circumstances it determines
to be appropriate in connection with assisting its advised clients to whom it
renders financial advise in the ordinary course of business, by either
providing information or advice to the persons having such power, or by
exercising the power to vote.
In addition, Harris serves as investment adviser to the Harris Associates
Investment Trust (the "Trust"), and various of Harris' officers and
directors are also officers and trustees of the Trust. Harris does not
consider that the Trust is controlled by such persons. The Trust, through its
various series, does not own any shares.
Item 5 Ownership of Five Percent or Less of a Class:
As of October 31, 2000, Harris ceased to be a beneficial
Owner of more than 5% of any class of shares.
Item 6 Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent Holding
Company:
Not Applicable.
Item 8 Identification and Classification of Members of the Group:
Not Applicable.
Item 9 Notice of Dissolution of Group:
Not Applicable.
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Item 10 Certification:
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Dated: November 8, 2000
Harris Associates, Inc., for itself and, as
general partner of Harris Associates L.P.
By:/s/Anita M. Nagler
Anita M. Nagler
Chief Operating Officer
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HARRIS ASSOCIATES L.P.
Two North LaSalle Street, Suite 500
Chicago, Illinois 60602-3790
November 8, 2000
Via EDGAR System
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Attn: Filing Desk, Stop 1-4
Re: Amendment No. 3 to Schedule 13G
for PARTNERRE LTD
Dear Sir or Madam:
On behalf of Harris Associates L.P. ("Harris") and Harris Associates,
Inc., Harris' sole general partner, and pursuant to Regulation 13D-G of the
Regulations adopted under the Securities Exchange Act of 1934, attached
hereto for filing is one copy of Amendment No. 3 to Schedule 13G for
PARTNERRE LTD.
A copy of this Amendment has been forwarded to the principal executive
offices of PARTNERRE LTD.
Very truly yours,
/s/ SUSAN L. KEHOE
Susan L. Kehoe
Legal Assistant
Attachment
