AETNA LIFE & CASUALTY CO
SC 13G/A, 1996-02-13
LIFE INSURANCE
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                                                   Exhibit Index Page __7__


                              UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.   20549


                             SCHEDULE 13G-A


                  UNDER THE SECURITIES EXCHANGE ACT OF 1934

                     (AMENDMENT NO. ______1________)*


                         American Re Corporation
    _____________________________________________________________________
                              (Name of Issuer)

                       Common Stock; $.01 Par Value
    _____________________________________________________________________
                       (Title of Class of Securities)

                                029163102
    _____________________________________________________________________
                              (CUSIP NUMBER)



Check the following box if a fee is being paid with this
statement  (  ).  (A fee is not required only if the filing
person:  (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.)  (See Rule 13d-7).

* 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 the
disclosures provided in a prior cover page.

The information required in 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>
CUSIP NO.                           029163102     13G-A

1.  NAME OF REPORTING PERSON
    S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Aetna Life and Casualty Company
       151 Farmington Avenue
       Hartford, CT.   06156-3124   IRS Identification No. 06-0843808
______________________________________________________________________

2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

    N/A                                                   (a)_________

                                                          (b)_________
______________________________________________________________________

3.  SEC USE ONLY
______________________________________________________________________

4.  CITIZENSHIP OR PLACE OF ORGANIZATION
    Connecticut
______________________________________________________________________

                                            5.  SOLE VOTING POWER
                                                -0-

                                            _____________________________
NUMBER OF SHARES BENEFICIALLY
OWNED BY EACH REPORTING
PERSON WITH
                                            6.  SHARED VOTING POWER
                                                -0-

                                            _____________________________



                                            7.  SOLE DISPOSITIVE POWER
                                                -0-

                                            _____________________________


                                            8.  SHARED DISPOSITIVE POWER
                                                -0-

                                            _____________________________
_________________________________________________________________________
<PAGE>
9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     -0-
_____________________________________________________________________

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
     N/A
_____________________________________________________________________

11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     -0-
_____________________________________________________________________

12. TYPE OF REPORTING PERSON*
     HC
______________________________________________________________________
            *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
                                                        SCHEDULE 13G-A


Item 1(a).        Name of Issuer:

                     American Re Corporation

Item 1(b).        Address of Issuer's Principal Executive Offices:

                     American Re-Plaza
                     555 College Road East
                     Princeton, N. J. 08543-5241

Item 2(a).        Name of Person Filing:

                     Aetna Life and Casualty Company

Item 2(b).        Address of Principal Business Office or, if none,
                     Residence:

                     151 Farmington Avenue
                     Hartford, Connecticut  06156-3124

Item 2(c).        Citizenship:

                     Connecticut

Item 2(d).        Title of Class of Securities:

                     Common Stock   $.01 Par Value

Item 2(e).        CUSIP Number:

                     029163102

Item 3.           Statement filed pursuant to Rule 13d-1(b).

                     Parent Holding Company, in accordance with
                     Section 240.13d-1(b) (ii) (G)
<PAGE>
Item 4.           Ownership.

      (a).        Amount Beneficially Owned

                  -0-

      (b).        Percent of Class:

                  -0-

      (c).        Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote - -0-
                  (ii)  shared power to vote or to direct the vote - -0-
                  (iii) sole power to dispose or to direct the
                         disposition of -0-
                  (iv)  shared power to dispose or to direct the
                         disposition of- -0-

Item 5.           Ownership of Five Percent or Less of a Class.

                  This statement is being filed to report the fact that 
                  as of the date hereof, the Company has ceased to be the 
                  beneficial owner of more than five perent of the class 
                  of securities.

Item 6.           Ownership of More than Five Percent on Behalf of
                  Another Person.

                  N/A

Item 7.           Identification and Classification of the Subsidiary
                  Which Acquired the Security Being Reported on By
                  the Parent Holding Company.

                  See attached Exhibit

Item 8.           Identification and Classification of Members of the
                  Group.

                  N/A

Item 9.           Notice of Dissolution of Group.

                  N/A
<PAGE>
Item 10.          Certification.

By signing below I certify that, to the best of my knowledge and belief, 
the securities referred to above were acquired in the ordinary course of 
business and were not acquired for the purpose of and do not have the 
effect of changing or influencing the control of the issuer of such 
securities and were not acquired in connection with or as a participant 
in any transaction having such purposes or effect.


After reasonable inquiry and to the best of my knowledge and belief, I 
certify that the information set forth in this statement is true, 
complete and correct.


February 9, 1996          (For the year ended December 31, 1995)
_________________
Date

Lucille M. Nickerson
________________________________________
Signature

Lucille M. Nickerson, Vice President and Corporate Secretary
Name/Title
<PAGE>
                           EXHIBIT INDEX


Page No.        Identification and Classification of the Subsidiary 
   8            Which Acquired the Security Being Reported on by the
                Parent Holding Company



                                 EXHIBIT


                   Identification of the Relevant Subsidiary



               Aetna Life Insurance Company, an insurance company and
               wholly-owned subsidiary of Aetna Life and Casualty Company.

               -0- shares of Common Stock; $.01 Par Value






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