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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-8162
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NOTIFICATION OF LATE FILING
(CHECK ONE): [X] FORM 10-K [ ] FORM 11-K [ ] FORM 20-F [ ] FORM 10-Q
[ ] Form N-SAR
For Period Ended: December 31, 1999
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[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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Read attached instruction sheet before preparing form. Please print or type.
Nothing in this form shall be construed to imply that the Commission has
verified information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
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PART I
REGISTRANT INFORMATION
Full name of registrant ACCEL INTERNATIONAL CORPORATION
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Former name if applicable
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Address of principal executive office (Street and Number)
75 WEST STREET
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City, state and zip code SIMSBURY, CT 06070
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PART II
RULE 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on
or before the 15th calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day following the
prescribed due date; and
[X] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or the transition report portion thereof could not be filed within
the prescribed time period. (Attach extra sheets if needed.)
SEE ATTACHMENTS TO THIS FORM 12b-25
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
RICHARD A. LAWRENCE (860) 843-7602
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(name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such
report(s) been filed? If the answer is no, identify report(s).
[X] Yes [ ] No
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(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
/ / Yes /X/ No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
ACCEL International Corporation
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 28, 2000 By: /s/ Richard A. Lawrence
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[ACCEL INTERNATIONAL CORPORATION LETTERHEAD]
March 28, 2000 Commission File Number 0-8162
ATTACHMENT TO FORM 12b-25
NOTIFICATION OF LATE FILING of FORM 10-K
For the Period Ended December 31, 1999
Part III: NARRATIVE
Form 10-K can not be filed within the prescribed time period without
unreasonable effort or expense, because of the inability of the registrant's
independent auditors to furnish the required auditors' opinion report, on or
before such date the report must be filed.
See attached Exhibit A, Statement from KPMG, LLP specifying the reasons why the
firm is unable to furnish the required opinion.
For: ACCEL International Corporation
/s/ Richard A. Lawrence
By: Richard A. Lawrence
VP, CFO & Treasurer
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[KPMG LOGO]
700 Louisiana Telephone 713 319 2000
Houston, TX 77002 Fax 713 319 2041
March 28, 2000
Mr. Richard A. Lawrence
Chief Financial Officer
ACCEL International Corporation
75 West Street
Simsbury, Connecticut 06070
Dear Mr. Lawrence:
As of this date we anticipate we will not complete the audit of the 1999
consolidated financial statements of ACCEL International Corporation (the
Company) in time to be filed by the March 30, 2000 10-K reporting date. We are
evaluating resolution of certain regulatory matters concerning the Company's
insurance subsidiary.
Very truly yours,
KPMG LLP
/s/ Clyde L. Pehl
Clyde L. Pehl
Partner