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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934
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AUGUST 10, 1998
(Date of earliest event reported)
NOBEL INSURANCE LIMITED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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ISLANDS OF BERMUDA 0-10071 98-0076395
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
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SUITE 409 INTERNATIONAL CENTRE
26 BERMUDIANA ROAD
HAMILTON, BERMUDA
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
441-292-7104
(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
On June 18, 1998, the shareholders of Nobel Insurance Limited ("the Company")
approved the sale of its United States assets to a wholly owned subsidiary of
RenaissanceRe Holdings, Ltd. ("RenaissanceRe") and approved the adoption of
the Plan of Liquidation of Nobel Insurance Limited. On July 10, 1998 the
shareholders appointed Malcolm Butterfield of the Bermuda office of KPMG Peat
Marwick, Chartered Accountants as liquidator to oversee the liquidation of
the Company under the Bermuda Companies Act. As a result of this appointment
and the possible conflict of interest that it presents, KPMG Peat Marwick
resigned as the company's certifying accountant on August 10, 1998.
The accountant's reports on the consolidated financial statements of the
Company and its subsidiaries as of and for the years ended December 31, 1997
and 1996 were unqualified. There were no disagreements between the Company and
KPMG Peat Marwick on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure.
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.
NOBEL INSURANCE LIMITED
Dated: August 17, 1998
By: /s/ Jeffry K. Amsbaugh
Name: Jeffry K. Amsbaugh
Title: Chief Executive Officer
