UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___*)
Insurance Management Solutions Group, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
0001063167
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(CUSIP Number)
12/31/99
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 6 Pages
<PAGE>
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CUSIP No. 0001063167
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ansbacher (Cayman) Limited
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman
======================= ====== =================================================
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY (see item 4)
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
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PERSON 8 SHARED DISPOSITIVE POWER
WITH (see item 4)
======================= ====== =================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
(see item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) [ ]
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
(see item 4)
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
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Page 2 of 6 Pages
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CUSIP No. 0001063167
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Item 1(a). Name of Issuer:
Insurance Management Solutions Group, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
360 Central Avenue
St. Petersburg, Florida 33701
Item 2(a). Name of Person Filing:
Ansbacher (Cayman) Limited, a Cayman company ("Ansbacher"), is
filing this statement as the sole trustee of the Bankers
International Financial Corporation II Trust (the "BIFC Trust").
Item 2(b). Address of Principal Business Office or, if none, Residence:
Ansbacher House, Jeannette Street
P.O. Box 887
George Town, Grand Cayman
British West Indies
Item 2(c). Citizenship:
See Item 2(a).
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). CUSIP Number:
0001063167
Page 3 of 6 Pages
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CUSIP No. 0001063167
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b) or (c), check whether the person filing is a:
Not applicable
Item 4. Ownership
(a)-(b)
As of January 31, 2000, Bankers Insurance Group, Inc., a Florida
corporation ("BIG"), was the beneficial owner of 8,021,400 shares
of the Issuer's Common Stock, or approximately 63.3% of the
outstanding Common Stock, which includes the 3,449,971 shares of
the Issuer's Common Stock, or approximately 27.2% of the
outstanding Common Stock held of record by Bankers Insurance
Company, a Florida corporation and wholly owned subsidiary of BIG
("BIC"). Each of Bankers International Financial Corporation,
Ltd., a Cayman corporation ("BIFC Ltd."), as the ultimate parent
of BIG and BIC, and the BIFC Trust, as a discretionary charitable
trust which owns all of the outstanding shares of BIFC Ltd., may
be deemed to possess indirect beneficial ownership of the shares
of Common Stock beneficially owned by BIG and BIC, which
represent an aggregate of 8,021,400 shares of the Issuer's Common
Stock or approximately 63.3% of the outstanding Common Stock.
Thus, Ansbacher, as the sole trustee of the BIFC Trust, may be
deemed to possess indirect beneficial ownership of the shares
held by BIG and BIC. Ansbacher is unaffiliated with BIG, BIC, the
Issuer and their respective officers and directors. The filing of
this statement by Ansbacher shall not be construed as an
admission that Ansbacher is for the purposes of Section 13(d) or
Section 13(g) of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), the beneficial owner of (or possesses the
power to vote or direct the vote of) any securities covered by
this statement.
(c)
Sole Shared Sole Shared
Reporting Voting Voting Dispositive Dispositive
Person Power Power Power Power
Ansbacher See Item See Item
(Cayman) Limited 0 4(a)-(b) 0 4(a)-(b)
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Page 4 of 6 Pages
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CUSIP No. 0001063167
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable
Item 8. Identification and Classification of Members of the Group.
Not applicable
Item 9. Notice of Dissolution of Group.
Not applicable
Item 10. Certification.
Not applicable
Page 5 of 6 Pages
<PAGE>
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CUSIP No. 0001063167
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
Date: March 10, 2000
ANSBACHER (CAYMAN) LIMITED
By: /s/ David K. Meehan
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Name: David K. Meehan
Title: Attorney-in-fact under Power
dated 2/8/99
Exhibits
1 Power of Attorney for Ansbacher (Cayman) Limited (previously filed with
the Securities and Exchange Commission under Section 16 of the Securities
Exchange Act of 1934 and incorporated herein by reference).
Page 6 of 6 Pages
