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): December 22, 1999
ESG RE LIMITED
(Exact Name of Registrant as Specified in its Charter)
Bermuda 000-23481 Not Applicable
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
16 Church Street Not Applicable
Hamilton Hill, Bermuda (Zip Code)
(Address of Principal Executive Offices)
(441) 295-2185
(Registrant's telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
As noted in the most recent 10Q filed on November 15, 1999 ESG has been
investigating its position relative to a quota sharing treaty with Odyssey Re.
On December 22, 1999 ESG formally rescinded this treaty. Under the terms of the
Standstill Agreement with Odyssey Re neither ESG nor Odyssey Re may institute
legal action against the other without first giving 90 days notice of intent to
do so. At this time ESG does not intend to give such notice. ESG has been
informed by Odyssey Re that Odyssey Re also does not intend to give such notice
at this time.
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SIGNATURES
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 hereunto duly authorized.
Dated: January 4, 2000
ESG RE LIMITED
By: /s/ Joan H. Dillard
Joan H. Dillard
Chief Financial Officer
