-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CdPghe6KHoGCZZs8k8c9XscmMQEUWdtCY80EKonfuT1nNBSHqmANJmF2m5kcckjX Qxf3OJn8KXQFsSr28wdc0g== 0000908662-99-000181.txt : 19990916 0000908662-99-000181.hdr.sgml : 19990916 ACCESSION NUMBER: 0000908662-99-000181 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990907 ITEM INFORMATION: FILED AS OF DATE: 19990915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANNUITY & LIFE RE HOLDINGS LTD CENTRAL INDEX KEY: 0001051628 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23625 FILM NUMBER: 99712051 BUSINESS ADDRESS: STREET 1: VICTORIA HALL STREET 2: VICTORIA STREET, PO BOX HM 1262 CITY: HAMILTON, HM BERMUDA BUSINESS PHONE: 4412951422 MAIL ADDRESS: STREET 1: VICTORIA HALL, VICTORIA STREET STREET 2: PO BOX HM 1262, HAMILTON, HM FX CITY: BERMUDA 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 7, 1999 ANNUITY AND LIFE RE (HOLDINGS), LTD. ------------------------------------ (Exact name of registrant as specified in its charter) Bermuda 0-23625 Not Applicable - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) Cumberland House, Victoria Street, Hamilton, Bermuda HM 11 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (441) 296-7667 - -------------------------------------------------------------------------------- Not Applicable -------------- (Former name or former address, if changed since last report) Item 5. Other Information On September 7, 1999, Annuity and Life Re America, Inc. ("Annuity and Life Re America"), a subsidiary of Annuity and Life Re (Holdings), Ltd., agreed to acquire Capitol Bankers Life Insurance Company, a Michigan stock life insurance company, from Life Reassurance Corporation of America for approximately $9 million in cash. In connection with the acquisition, Life Re will enter into an administrative reinsurance agreement whereby it will agree to reinsure 100% of, and to provide administrative services for, Capitol Bankers' in force life insurance policies. Annuity and Life Re America has appointed Bryan J. Featherstone as its President and Chief Executive officer. A copy of the related press release is attached hereto and incorporated herein by reference. Item 7. Financial Statements and Exhibits 99.1 Press Release dated September 9, 1999. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: September 14, 1999 ANNUITY AND LIFE RE (HOLDINGS), LTD. (Registrant) By: /s/ Lawrence S. Doyle ------------------------------------- Lawrence S. Doyle President and Chief Executive Officer Principal Officer EXHIBIT INDEX 99.1 Press Release dated September 9, 1999. EX-99 2 EXHIBIT 99.1 - PRESS RELEASE DATED 9/9/99 Exhibit 99.1 FOR IMMEDIATE RELEASE CONTACT: Lawrence S. Doyle William W. Atkin Annuity & Life Re (Holdings), Ltd. 441-296-7667 ANNUITY & LIFE RE ANNOUNCES AGREEMENT TO ACQUIRE CAPITOL BANKERS LIFE INSURANCE - -------------------------------------------------------------------------------- COMPANY - ------- HAMILTON, BERMUDA, SEPTEMBER 9, 1999, 1:00 PM, EST - Annuity & Life Re (Holdings), Ltd. (NASDAQ: ALRE) today reported that its wholly owned subsidiary, Annuity & Life Re America, Inc., has signed an agreement to acquire Capitol Bankers Life Insurance Company from Life Reassurance Corporation of America for approximately $9 million in cash, subject to regulatory approval. Prior to the closing of the transaction, Life Reassurance and Capitol Bankers will enter into an administrative reinsurance agreement whereby Life Reassurance will assume 100% of Capitol Bankers' inforce business. Annuity & Life Re (Holdings), Ltd. also announces that it has appointed Bryan Featherstone as the President and Chief Executive Officer of its U.S. holding company, Annuity & Life Re America. Prior to this appointment, Mr. Featherstone was Executive Vice President and Chief Actuary at Life Reassurance Corporation of America and has 24 years experience in the life insurance industry. Lawrence S. Doyle, Chief Executive Officer of Annuity & Life Re (Holdings), Ltd. stated, "The administrative service capability of Life Reassurance will meet the long term needs of our policyholders, while this company focuses its future development in the reinsurance sector. We are very pleased to have Bryan Featherstone join our organization as his extensive experience in the U.S. will augment our growth strategy." -----END PRIVACY-ENHANCED MESSAGE-----