Exhibit 99.3

News Release

PartnerRe Ltd. Increases Quarterly Common Share Dividend by 3% to

$0.62 from $0.60 per Share

PEMBROKE, Bermuda, February 2, 2012 — PartnerRe Ltd. (NYSE,Euronext:PRE) today announced that its Board of Directors has increased the annual dividend to $2.48 per common share, from $2.40 per common share. This is the nineteenth consecutive year that the Company has increased the common share dividend since its inception in 1993.

Today, the Board declared a regular quarterly dividend of $0.62 per common share. The dividend will be payable on March 1, 2012, to common shareholders of record on February 17, 2012, with the stock trading ex-dividend commencing February 15, 2012.

PartnerRe Ltd. is a leading global reinsurer, providing multi-line reinsurance to insurance companies. The Company, through its wholly owned subsidiaries, also offers capital markets products that include weather and credit protection to financial, industrial and service companies. Risks reinsured include property, casualty, motor, agriculture, aviation/space, catastrophe, credit/surety, engineering, energy, marine, specialty property, specialty casualty, multiline and other lines, mortality, longevity and health, and alternative risk products. For the year ended December 31, 2010, total revenues were $5.9 billion. At September 30, 2011, total assets were $23.6 billion, total capital was $7.5 billion and total shareholders’ equity was $6.7 billion.