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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WcfgG1MkEsDb1EBYIiWY1Cgp5dbFRJDrqA3hzkNp7BpXPbiLCUrJdwirt00UAtqg
 cLLSdLzBFHqFMz/K1NcaGg==

<SEC-DOCUMENT>0001161623-02-000002.txt : 20020415
<SEC-HEADER>0001161623-02-000002.hdr.sgml : 20020415
ACCESSION NUMBER:		0001161623-02-000002
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020305
FILED AS OF DATE:		20020311

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ESG RE LTD
		CENTRAL INDEX KEY:			0001049624
		STANDARD INDUSTRIAL CLASSIFICATION:	LIFE INSURANCE [6311]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-23481
		FILM NUMBER:		02571666

	BUSINESS ADDRESS:	
		STREET 1:		SKANDIA INTERNATIONAL HOUSE
		STREET 2:		16 CHURCH STREET, HAMILTON
		CITY:			BERMUDA
		STATE:			D0
		BUSINESS PHONE:		4412952185

	MAIL ADDRESS:	
		STREET 1:		SKANDIA INTERNATIONAL HOUSE
		STREET 2:		16 CHURCH STREET
		CITY:			BERMUDA
		STATE:			MA
		ZIP:			11111
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			SCOPES NIK J
	CENTRAL INDEX KEY:			0001168169
<RELATIONSHIP>OFFICER

FILING VALUES:
	FORM TYPE:		3

BUSINESS ADDRESS:	
	STREET 1:		2802 FOREST GLEN DRIVE
	CITY:			BALDWIN
	STATE:			MD
	ZIP:			21013
	BUSINESS PHONE:		4105577165

MAIL ADDRESS:	
	STREET 1:		12/13 EXCHANGE PLACE
	STREET 2:		DUBLIN 1
	CITY:			IRELAND
	STATE:			L2
	ZIP:			00000
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>scopesform3.txt
<DESCRIPTION>INITIAL FORM 3 NIK SCOPES
<TEXT>
1. Name and Address of Reporting Person
   Scopes, Nik J.
   2nd Floor, 12/13 Exchange Place
   Dublin 1 Ireland
   Ireland
2. Date of Event Requiring Statement (Month/Day/Year)
   03/05/2002
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Issuer Name and Ticker or Trading Symbol
   ESG Re Limited (ESREF)
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   ( ) Director                   ( ) 10% Owner
   (X) Officer (give title below) ( ) Other (specify below)
   Chief Underwriting Officer
6. If Amendment, Date of Original (Month/Day/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
TABLE I -- Non-Derivative Securities Beneficially Owned
<CAPTION>
+------------------------------------------+----------------------+----------------+-----------------------------------------------+
|1. Title of Security                      |2. Amount of          |3. Ownership    |4. Nature of Indirect Beneficial Ownership     |
|                                          |   Securities         |   Form:        |                                               |
|                                          |   Beneficially Owned |   Direct(D) or |                                               |
|                                          |                      |   Indirect(I)  |                                               |
+------------------------------------------+----------------------+----------------+-----------------------------------------------+
<S>                                         <C>                    <C>              <C>
</TABLE>

<PAGE>

<TABLE>
TABLE II -- Derivative Securities Beneficially Owned
<CAPTION>
+-----------------------+---------------------+---------------------------------+----------+-------------+-------------------------+
|1.Title of Derivative  |2.Date Exercisable   |3.Title and Amount of Securities |4.Conver- |5.Ownership  |6. Nature of Indirect    |
|  Security             |  and Expiration Date|  Underlying Derivative          | sion or  | Form of     |   Beneficial Ownership  |
|                       |  (Month/Day/Year)   |  Security                       | Exercise | Derivative  |                         |
|                       +----------+----------+-----------------------+---------+ Price of | Security:   |                         |
|                       | Date     | Expira-  |                       |Amount or| Deri-    | Direct(D) or|                         |
|                       | Exer-    | tion     |         Title         |Number of| vative   | Indirect(I) |                         |
|                       | cisable  | Date     |                       |Shares   | Security |             |                         |
+-----------------------+----------+----------+-----------------------+---------+----------+-------------+-------------------------+
<S>                      <C>        <C>        <C>                     <C>       <C>        <C>           <C>
Stock Options (Right to  02/16/2001 02/16/2011 Common Stock            7500      $2.38      D
buy) <F1>                <F2>
Stock Options (Right to  04/28/2000 04/28/2010 Common Stock            3000      $3.9       D
buy) <F1>                <F2>

Explanation of Responses:
<FN>
<F1>
Option awarded under Company's 1997 Stock Option Plan
<F2>
This option becomes exercisable as follows:  25% on grant date and 25% on each
of the 2nd, 3rd and 4th anniversary dates of grant date
</FN>
</TABLE>

SIGNATURE OF REPORTING PERSON
/s/ Nik J. Scopes

DATE
03/11/2002

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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