UNITED STATES
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
Date of report (Date of earliest event reported): Commission File Number
December 3, 1996 1-8233
USF&G CORPORATION
(Exact Name of Registrant as Specified in Charter)
Maryland 52-1220567
(State of Incorporation) (IRS Employer Identification No.)
100 Light Street, Baltimore, Maryland 21202
(Address of Principal Executive Offices)
(410) 547-3000
(Registrant's telephone number, including area code)
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USF&G CORPORATION
FORM 8-K
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Item 5. Other Events
On November 19, 1996, United States Fidelity and Guaranty Company, USF&G
Corporation's principal operating subsidiary, entered into a definitive
agreement to acquire Afianzadora Insurgentes Serfin, S.A. de C.V.
("Afianzadora") for $65 million. Afianzadora is the largest surety bond company
in Mexico, writing approximately 27 percent of the Mexican surety market. The
acquisition is subject to regulatory approvals in Mexico and other customary
conditions to closing, and is expected to close by year-end.
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USF&G CORPORATION
FORM 8-K
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
USF&G CORPORATION
By: /s/DAN L. HALE
Dan L. Hale
Executive Vice President and
Chief Financial Officer
December 3, 1996
