PartnerRe Ltd. ( PRE) Q4 2011 Earnings Call February 7, 2012 10:00 am ET Executives Robin Sidders - Director, IR Costas Miranthis - President & CEO Bill Babcock - EVP & CFO Analysts Amit Kumar - Macquarie Jay Gelb - Barclays Capital Vinay Misquith - Evercore Partners Matthew Heimermann - JPMorgan Jay Cohen - Bank of America Meyer Shields - Stifel Nicolaus Michael Nannizzi - Goldman Sachs Mark Dwelle - RBC Capital Markets Joshua Shanker - Deutsche Bank Ian Gutterman - Adage Capital Brian Meredith - UBS PresentationOperator
Good day everyone. Before we begin the call I will remind all participants that they are in a listen-only mode. (Operator Instructions). If you have not received a copy of the press release, it is posted on the company's website, www.partnerre. com or you can call 212-687-8080 and one will be faxed to you right away. I will now hand over to Robin Sidders, Director of Investor Relations at PartnerRE who will begin the call. Robin Sidders Good morning and welcome to PartnerRE's fourth quarter and full-year 2011 results conference call and webcast. As a reminder, our fourth quarter financial supplement can be found on our website at www.partnerre. com in the Investor Relation section by clicking on Supplementary Financial Data on the Financial Reports page. On today's call are Costas Miranthis, President and CEO of PartnerRE, and Bill Babcock, Executive Vice President and CFO of PartnerRE. Costas will start the call with an overview of the quarter and then hand over to Bill, who will provide more details on the results and then hand back to Costas who will provide additional commentary on the market and the January 1 renewal. After that we'll open the call up for question-and-answer session. I'll begin with the Safe Harbor.