<PAGE> 1
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OMB APPROVAL
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OMB NUMBER: 3235-0145
EXPIRES: OCTOBER 31, 1997
ESTIMATED AVERAGE BURDEN
HOURS PER RESPONSE. . . . 14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1) *
Nobel Insurance Limited
- --------------------------------------------------------------------------------
(Name of Issuer)
Common, $1.00 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
654885102
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(CUSIP Number)
John T. Wright, HCR 2, Box 47, Canadian, Texas 79014 (806) 323-8074
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 18, 1997
------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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> 2
SCHEDULE 13D
<TABLE>
<S> <C>
CUSIP NO. 654885102 Page 2 of 4 Pages
------------------- --------- -------
1 NAME OF REPORTING PERSON
SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John T. Wright
S.S. ####-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS *
PF 00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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7 SOLE VOTING POWER
83,375
NUMBER OF --------------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 83,375
--------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
83,375
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES * [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.87%
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14 TYPE OF REPORTING PERSON *
IN
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
Item 1. Security and Issuer.
This Amendment No. 1 ("Amendment No. 1") to the Statement on
Schedule 13D, dated as of May 25, 1993 (the "Statement") relates to the Common
Stock, $1.00 par value ("Common Stock"), of Nobel Insurance Limited, a Bermuda
corporation (the "Company"), which has its principal executive offices located
at Washington Mall I, 3rd Floor, Reid St., P.O. Box HM 224 Hamilton, Bermuda,
HMAX.
Item 2. Identity and Background.
(a) John T. Wright
(b) HCR 2, Box 47, Canadian, Texas 79014
(c) Self-employed rancher
(d) Mr. Wright has not, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Wright has not, during the last five years, been
a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) Mr. Wright is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration.
Prior to the transactions being reported on this Amendment No. 1,
Mr. Wright sold an aggregate of 282,000 shares in the open market from May 25,
1993 to July 19, 1996. Such transactions individually represented less than
one percent of the issued and outstanding shares of the Company at the time of
each transaction.
Item 4. Purpose of Transaction.
The person reporting on this Amendment No. 1 has acquired his
shares of Common Stock to hold primarily for investment. Such person is
continuously reviewing all aspects of his shareholdings, the Company's business
affairs and financial condition, the market price of the Common Stock,
conditions in the securities markets generally, and general economic and
industry conditions. Such person may acquire additional shares of Common Stock
or sell all or part of his shareholdings at any time depending upon
circumstances existing from time to time.
The person reporting on this Amendment No. 1 does not have any
specific plans or proposals which relate to or would result in the acquisition
by any person of additional securities of the Company or the disposition of
securities of the Company; any extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving the Company or any of its
subsidiaries; a sale or transfer of a material amount of assets of the Company
or any of its subsidiaries; any change in the present board of directors or
management of the Company; any change in the present capitalization or dividend
policy of the Company; any other material change in the Company's business or
corporate structure; changes in the Company's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Company by any person; causing a class of securities of the
Company to be delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; a class
Page 3 of 4 Pages
<PAGE> 4
of securities of the Company becoming eligible for termination or registration
pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as
amended; or any action similar to any of those enumerated above; but such
person reserves the right to propose or undertake or participate in any of the
foregoing actions in the future.
Item 5. Interest in Securities of the Issuer.
(a) Mr. Wright beneficially owns 83,375 shares of Common
Stock, which represents 1.87% of the outstanding Common Stock.
(b) Mr. Wright has the sole voting power and sole power
to dispose of the 83,375 shares of Common Stock he owns.
(c) The only transactions in Common Stock by Mr. Wright
within the 60 days prior to the date this Amendment No. 1 were the sale of
8,000 shares of Common Stock on March 17, 1997 and the sale of 10,000 shares of
Common Stock on March 18, 1997.
All of the above-described transactions were effected by open
market sales.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
Mr. Wright does not have any contracts, arrangements,
understandings or relationships with any other person with respect to Common
Stock.
Item 7. Material to be Filed as Exhibits.
None.
Signature
After reasonable inquiry and to the best of the undersigned's
knowledge and belief, the undersigned certifies that the information set forth
in this Amendment No. 2 is true, complete and correct.
March 18, 1997 /s/ JOHN T. WRIGHT
-----------------------------
John T. Wright
Page 4 of 4 Pages
