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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No._____)
ANNUITY & LIFE RE (HOLDINGS), LTD.
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(Name of Issuer)
Common Stock, Par Value $1.00
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(Title of Class of Securities)
G03910109
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(CUSIP Number)
October 26, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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).
(Continued on following pages)
Page 1 of 6 Pages
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CUSIP NO. G03910109 13G Page 2 of 6 Pages
---------
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NAMES OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Overseas Partners Ltd.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda
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SOLE VOTING POWER
5
NUMBER OF 1,773,050
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,773,050
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,773,050
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
Not Applicable
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
7.0%
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
CO
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CUSIP No. G03910109 13G Page 3 of 6 Pages
The information contained herein is filed with respect to the common stock,
par value $1.00 (the "Stock"), of Annuity & Life Re (Holdings), Ltd. ("Issuer")
by Overseas Partners Ltd. ("OPL").
Item 1 (a) Name of Issuer
Annuity & Life Re (Holdings), Ltd.
(b) Address of Issuer's Principal Executive Offices
Cumberland House
Victoria Street
Hamilton, Bermuda
Item 2 (a) Name of Person Filing
See Cover Page Item 1.
(b) Address of Principal Business Office
8 Par-la-Ville Road
P.O. Box 1581
Hamilton HM GX, Bermuda
(c) Citizenship
See Cover Page Item 4.
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CUSIP No. G03910109 13G Page 4 of 6 Pages
(d) Title of Class of Securities
The Common Stock of the Issuer has a par value of $1.00 ("Stock").
OPL also purchased 125,000 class B warrants of Issuer exerciseable
as to one-half of the total shares on and after April 15, 2000 and
April 15, 2001, respectively, at an exercise price of $15.00 per
share.
(e) CUSIP Number
G03910109
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
Inapplicable.
Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
See Cover Page Item 9.
(b) Percent of Class:
See Cover Page Item 11.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Page Item 5.
(ii) Shared power to vote or to direct the vote:
See Cover Page Item 6.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Page Item 7.
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CUSIP No. G03910109 13G Page 5 of 6 Pages
(iv) Shared power to dispose or to direct the disposition of
See Cover Page Item 8.
Item 5. Ownership of Five Percent or Less of a Class.
Inapplicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Inapplicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Inapplicable.
Item 8. Identification and Classification of Members of the Group.
Inapplicable.
Item 9. Notice of Dissolution of a Group.
Inapplicable.
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CUSIP No. G03910109 13G Page 6 of 6 Pages
Item 10. Certification and Signature:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are
held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Overseas Partners Ltd.
By: /s/ Mark Bridges November 5, 1999
Name: Mark Bridges
Title: Vice President and Treasurer
