ORION CAPITAL CORP
SC 13D/A, 1994-05-04
FIRE, MARINE & CASUALTY INSURANCE
Previous: OLIN CORP, 8-K, 1994-05-04
Next: PAINE WEBBER GROUP INC, 424B3, 1994-05-04



<PAGE>

                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549

                            SCHEDULE l3D
                Under the Securities Exchange Act of l934
                         (Amendment No. 6)

                         Rogers Corporation
                         -------------------
                          (Name of Issuer)


                    Capital Stock, $1.00 par value
                    -------------------------------
                    (Title of class of securities)


                             77513310
                             ---------


                          (CUSIP Number)

                       Michael P. Maloney, Esq.
            Vice President, General Counsel and Secretary
                     Orion Capital Corporation
                       30 Rockefeller Plaza
                    New York, New York  10112
                         (212) 332-8080 
- ------------------------------------------------------------------
(Name, address and telephone number of person authorized to 

receive notices and communications)

Copies of all notices and communications should be sent to:

                       John J. McCann, Esq.
              Hall, Dickler, Lawler, Kent & Friedman
                        909 Third Avenue
                     New York, New York l0022

                         April 26, 1994
- ------------------------------------------------------------------
(Date of event which requires filing of this statement)

If filing person has previously filed a statement on Schedule l3G
to report the acquisition which is the subject of this statement
and is filing this statement because of Rule l3d-l(b) (3) or (4),
check the following:

Check the following box if a fee is being paid with this
statement: []

                   (Continued on following pages)
                        Page l of 14 Pages 




<PAGE>
<PAGE> 

CUSIP No.  77513310
- ------------------------------------------------------------------
                                                                   
1)  Names of Reporting Persons     (a) Orion Capital Corporation   
    S.S. or IRS Identification         IRS No. 95-6069054
    Nos. of Above Persons          (b) Security Reinsurance        
                                       Company
                                       IRS No. 06-1008792
                                   (c) Security Insurance Company 
                                       of Hartford
                                       IRS No. 06-0529570
- ------------------------------------------------------------------
2)  Check the Appropriate Box if   (a)
    a Member of a Group            (b) X
                                   (c) X
    (See Instructions)
- ------------------------------------------------------------------

3)  SEC Use Only        
- ------------------------------------------------------------------

4)  Source of Funds                (a)  AF
    (See Instructions)             (b)  WC
                                   (c)  WC
- ------------------------------------------------------------------
5)  Check if Disclosure of Legal 
    Proceedings are Required 
    Pursuant to Items 2(d) or 2(e)
- ------------------------------------------------------------------

6)  Citizenship or Place of        (a)  Delaware
    Organization                   (b)  Connecticut
                                   (c)  Connecticut
- ------------------------------------------------------------------
               (7)  Sole Voting 
Number              Power                 264,100 
of Shares      (8)  Shared Voting            
Beneficially        Power        
Owned by       (9)  Sole Dispositive 
Each Reporting      Power                 264,100        
Person With   (l0) Shared Dispositive
                   Power 
- ------------------------------------------------------------------
11)  Aggregate Amount Beneficially 
     Owned by Each Reporting Person       264,100       
- ------------------------------------------------------------------
12)  Check if the Aggregate Amount 
     in Row (11) Excludes Certain
     Shares (See Instructions)
- ------------------------------------------------------------------
13)  Percent of Class Represented
     by Amount in Row (11)                   8.2%
- ------------------------------------------------------------------
14)  Type of Reporting Person    (a)  CO, HC
     (See Instructions)          (b)  CO, IC
                                 (c)  CO, IC
             
                            - 2 -

<PAGE>
Item 1.   Security and Issuer.
          --------------------

     This statement relates to the Capital Stock, $1.00 par value
(the "Capital Stock"), of Rogers Corporation ("Rogers").  The
principal executive offices of Rogers are located at One
Technology Drive, Rogers, CT 06263. 
Item 2.   Identity and Background.  
          -----------------------

     This statement is filed by Orion Capital Corporation
("Orion"), a Delaware corporation with its principal executive
offices at 30 Rockefeller Plaza, New York, New York  10112 and two
of its wholly-owned subsidiaries: Security Reinsurance Company
("Security Re"), a Connecticut corporation; and Security Insurance
Company of Hartford ("SICH"), a Connecticut corporation.  The
principal offices of Security Re and SICH are located at 9 Farm
Springs Drive, Farmington, Connecticut  06032.  Orion owns,
directly or indirectly, all of the outstanding capital stock of
Security Re and SICH.  SICH underwrites and sells most types of
property and casualty insurance with an emphasis on commercial
insurance in specialized markets; Security Re is a reinsurance
company.
     This statement amends Items 2 and 5 of the Schedule 13D dated
October 24, 1989, as amended by Amendment No. 1 dated August 7,
1990, by Amendment No. 2 dated September 17, 1990, by Amendment
No. 3 dated January 20, 1992, by Amendment No. 4 dated January 21,
1992, and by Amendment No. 5 dated April 23, 1993, each filed with
the Commission by Orion and certain of its subsidiaries, by re-
                            - 3 -

<PAGE> 
vising such item in accordance with the information contained
herein.     
     The executive officers and directors of Orion, Security Re
and SICH, together with their present principal occupations and
the names, principal businesses and addresses of any corporations
or other organizations in which such principal occupations are
conducted, appear in Exhibit A hereto.
     Each of the persons listed in Exhibit A hereto is a citizen
of the United States, except for Graham Addington, who is a
citizen of the United Kingdom.  Neither Orion, Security Re nor
SICH, nor to their best knowledge, any officer or director of
Orion, Security Re or SICH has, during the last five years, been
convicted in any criminal proceeding, excluding traffic violations
or similar misdemeanors, or 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.
Item 5.   Interest in Securities of Issuer.
          ---------------------------------

     According to Rogers' Annual Report on Form 10-K for the
fiscal year ended January 2, 1994, there were 3,227,126 shares of
Rogers Capital Stock issued and outstanding as of February 1,
1994.  Security Re and SICH own 264,100 shares in the aggregate or
approximately 8.2% of Rogers' Capital Stock.  Orion may continue  
                            - 4 -

<PAGE>
to be deemed the beneficial owner of all shares of Rogers Capital
Stock owned by Security Re and SICH. Of the 264,100 shares,
Security Re owns 230,000 shares and SICH owns the balance of
34,100 shares.   Since February 25, 1994, Security Re sold a total
of 12,500 shares of Rogers Common Stock on the dates and at the
prices set forth in Exhibit B hereto.  All of the shares sold by
Security Re were sold in open market transactions on the American
Stock Exchange.
     Each of Securty Re and SICH has sole power to vote and
dispose of its shares of Rogers Capital Stock; decisons with
respect to acquistiions, voting and dispositions are made by the
Investment Committtee of Security Re or SICH, a majority of whose
members are officers and/or directors of Orion.  Orion's voting
control of SICH and Security Re enables Orion ultimately to direct
the acquisition, voting and disposition of the shares of Rogers
Capital Stock held by SICH and Security Re.
     Except as set forth above, or to the extent that the officers
and directors of Orion, Security Re and SICH maybe deemed bo
"beneficially own" shares of Rogers Capital Stock by reason of
their voting power or investment power with respect to the shares
owned by Security Re and SICH, no officer or director of Orion,
Security Re or SICH beneficially owns, or has the right to
acquire, directly or indirectly, any shares of Rogers Capital
Stock or has effected any transaction in shares of Rogers Capital
Stock since February 25, 1994.
                            - 5 -<PAGE>
<PAGE>

                         Signatures
                         -----------
                         
     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.

                              ORION CAPITAL CORPORATION

                              By: /s/Michael P. Maloney
                                ---------------------------------
                                     Michael P. Maloney
                                 Vice President, General Counsel   
                                    and Secretary


                                SECURITY INSURANCE COMPANY 
                                  OF HARTFORD

                                SECURITY REINSURANCE COMPANY


                              By: /s/Michael P. Maloney
                                 ---------------------------------
                                     Michael P. Maloney
                                    Senior Vice President





Dated:  May 3, 1994















                            - 6 -





<PAGE>

                     EXHIBIT INDEX


EXHIBIT                                          PAGE
- -------                                          -----

  A           Names, addresses and principal       8
              occupations of officers and 
              directors of Orion, Security Re
              and SICH

  B           List of sales of Rogers Capital      14
              stock by Security Re

   




































                            - 7 -




<PAGE>

                              EXHIBIT A


                                        Principal Occupation
Name and Address                         of Employment
- ----------------                         ---------------------

Alan R Gruber (1, 2 and 3)              Chairman of the Board
Orion Capital Corporation               and Chief Executive  
30 Rockefeller Plaza                    Officer of Orion and
New York, New York 10112                Chairman of the Board     
                                        of Security Re and SICH

Bertram J. Cohn (1)                     Managing Director and a
437 Madison Avenue,  30th Floor         limited partner, First
New York, New York 10022                Manhattan Company, invest-
                                        ment bankers

John C. Colman (1)                      Private investor and con-
4 Briar Lane                            sultant
Glencoe, Illinois 60022                      

Peter B. Hawes (1)                      Senior Vice President of 
Design Professionals Insurance          Orion and SICH; President 
 Company                                of Design Professionals
2959 Monterey/Salinas Highway           Insurance Company ("DPIC")
Monterey, California 93940              and indirect subsidiary of
                                        Orion

Larry D. Hollen (1, 2 and 3)            President and Chief Opera-
Orion Capital Corporation               ting Officer of Orion;
9 Farm Springs Drive                    President of SICH; Vice
Farmington, Connecticut 06032           Chairman of Security Re

Robert H. Jeffrey (1)                   President Jeflion Invest-
The Jeffrey Company                     ment Company; President,
88 E. Broad Street, Suite 1560          The Jeffrey Company, a
Columbus, Ohio 43215                    privately held investment
                                        company which is the       
                                        parent of Jeflion Invest-
                                        ment Company

Warren R. Lyons (1)                     President, Avco Fianancial
Avco Fianancial Services                Services, a financial 
3349 Michelson Drive                    services company
Irvine, California 92715

- ------------------------------------------------------------------
(1)  Director of Orion
(2)  Director of Security Re
(3)  Director of SICH

                               - 8 -       



<PAGE>
                                        Principal Occupation
Name and Address                         of Employment
- ----------------                        ---------------------

James K. McWilliams (1)                 Proprietor of McWilliams &
McWilliams & Company                    Company  and  general 
555 California Street                   partner of McWilliams
Suite 5040                              Associates, investment
San Francisco, California 94104         counselors;  General 
                                        Partner, Mt. Eden Vine-
                                        yards, Inc.

Ronald W. Moore (1)                     Adjunct Professor of
Morgan Hall                             Business Administration,
Soldiers Field                          Harvard University
Boston, Massachusetts 02163       

Donald Reich (1)                        Private investor and
280 Mountain Avenue                     consultant
Ridgewood, New Jersey 07450

Robert B. Sanborn (1 and 3)             Vice Chairman of the Board
Orion Capital Corportion                of Orion; Vice Chariman of
9 Farm Springs Drive                    SICH
Farmington, Connecticut 06032

William J. Shepherd (1)                 Private investor
Chemical Bank New Jersey
225 South Street   
Morristown, New Jersey 07962

John R. Thorne (1)                      Professor, Graduate School
Furnace Run                             of Industrial Administra- 
Laughlintown, Pennsylvania 15655        tion, Carnegie-Mellon
                                        University; Chairman, The
                                        Enterprise Corporation of
                                        Pittsburgh, a private,     
                                        non-profit  corporation
                                        encouraging and supporting
                                        new  entrepreneurial       
                                        business

Roger B. Ware (1)                       President and Chief Execu-
Guaranty National Corporation           tive Officer of Guaranty
100 Inverness Terrace East              National Corporation, a
Englewood, Colorado 80112               property and casualty in-
                                        surance company 49% owned
                                        by Orion
- ------------------------------------------------------------------
(1)  Director of Orion
(2)  Director of Security Re
(3)  Director of SICH
                                  - 9 -


<PAGE>



                                        Principal Occupation
Name and Address                        of Employment
- ----------------                        ---------------------

Daniel L. Barry (2 and 3)               Vice President and         
Orion Capital Corporation               Controller of Orion;
9 Farm Springs Drive                    Vice Chairman of Security
Farmington, Connecticut 06032           Re and Senior Vice Presi-
                                        dent and Controller of
                                        SICH

Raymond W. Jacobsen                     Vice President of Orion;
EBI Companies                           President of EBI Companies
325 North Corporate Drive               and Senior Vice President 
Brookfield, Wisconsin 53045             of SICH

Michael P. Maloney, Esq.                Vice President, General
Orion Capital Corporation               Counsel and Secretary of
30 Rockefeller Plaza                    Orion; Senior Vice
New York, New York 10112                President and Assistant
                                        Secretary of Security Re
                                        and SICH

William G. McGovern                     Vice President and Chief 
Orion Capital Corporation               Actuary of Orion; Senior
9 Farm Springs Drive                    Vice President and Chief
Farmington, Connecticut 06032           Actuary of Security Re
                                        and SICH

Vincent T. Papa (2 and 3)               Vice  President  and
Orion Capital Corporation               Treasurer of Orion; 
30 Rockefeller Plaza                    Senior Vice President and
New York, New York 10112                Treasurer of Security Re
                                        and SICH

Eva Schlehofer                          Senior Vice President of
Orion Capital Companies                 SICH
9 Farm Springs Drive
Farmington, Connecticut 06032

Raymond J. Schuyler (3)                 Vice President of Orion
Orion Capital Corporation               and Senior Vice President
30 Rockefeller Plaza                    of Security Re and SICH
New York, New York 10112

- ------------------------------------------------------------------
(2)  Director of Security Re
(3)  Director of SICH


                               - 10 -







<PAGE>

                                            
                                        Principal Occupation
Name and Address                        of Employment
- ----------------                        ---------------------

Lawrence D. Nolen (2)                   President of Security Re
Orion Capital Companies                 and Vice President of 
9 Farm Springs Drive                    SICH
Farmington, Connecticut 06032

Stanley G. Fullwood (2 and 3)           Vice President, General
Orion Capital Companies                 Counsel and Secretary
9 Farm Springs Drive                    of Security Re and
Farmington, Connecticut 06032           SICH

Graham A. Addington                     Vice President of DPIC     
DPIC Companies                          Companies and SICH
155 University Avenue, Suite 702        
Toronto, Ontario M5H 3B7
Canada

Leland H. Beman                         Vice President of Security
Orion Capital Companies                 Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032

Marsha O. Bissonnette                   Vice President and         
Orion Capital Companies                 Assistant Secretary
9 Farm Springs Drive                    of Security Re and
Farmington, Connecticut 06032           SICH

William D. Brooks                       Vice President of SICH
Orion Capital Companies  
9 Farm Springs Drive
Farmington, Connecticut 06032

Thomas A. Clark                         Senior Vice President of
Orion Capital Companies                 Connecticut Specialty 
9 Farm Springs Drive                    Group, Inc., an indirect
Farmington, Connecticut 06032           subsidiary of Orion; Vice
                                        President of SICH

Thomas C. Coppinger                     Vice President of DPIC 
Design Professionals Insurance          and SICH
 Company
2959 Monterey/Salinas Highway
Monterey, California 93940


- ------------------------------------------------------------------
(2)  Director of Security Re
(3)  Director of SICH

                               - 11 -





<PAGE>




                                        Principal Occupation
Name and Address                        of Employment
- ----------------                        ---------------------

William M. Demmon                       Vice President of SICH
Orion Capital Companies
9 Farm Springs Drive
Farmington, Connecticut 06032

Jonathan H. Gice                        Senior Vice President of
EBI Companies                           EBI Companies; Vice 
300 North Patrick Blvd.,                President of SICH
Suite 150
Brookfield, Wisconsin 53005

Elliott P. Gleason                      Senior Vice President of
Design Professionals Insruance          DPIC; Vice President of
 Company                                SICH
2959 Monterey/Salinas Highway
Monterey, California 93940

Francis J. Kelly, Jr.                   Vice President of Security
Orion Capital Companies                 Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032

Craig A. Nyman                          Vice President and 
Orion Capital Companies                 Assistant Treasurer of
9 Farm Springs Drive                    Security Re and SICH
Farmington, Connecticut 06032

George K. Saba                          President of Nations'      
Orion Capital Companies                 Care, Inc., an indirect
9 Farm Springs Drive                    subsidiary of Orion, and
Farmington, Connecticut 06032           Vice President of SICH

Kevin W. Sullivan                       Vice President-Investments
Orion Capital Corporation               of Security Re and SICH
30 Rockefeller Plaza
New York, New York 10112

Richard C. Tardif                       Vice President of Security
Orion Capital Companies                 Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032


- ------------------------------------------------------------------
 
                             - 12 -








<PAGE>
 


                                        Principal Occupation
Name and Address                        of Employment
- ----------------                        ---------------------


David J. Vermeulen                      Senior Vice President of
Design Professionals Insurance          DPIC and Vice President of
 Company                                SICH
2959 Monterey/Salinas Highway
Monterey, California 93940

Peter M. Vinci                          Vice President of Security
Orion Capital Companies                 Re and SICH
9 Farm Springs Drive
Farmington, Connecticut 06032

Florence E. Whitmire                    Senior Vice President of 
Design Professionals Insurance          DPIC and Vice President of
 Company                                SICH
2959 Monterey/Salinas Highway
Monterey, California 93940



              



























                            - 13 -




<PAGE>



                            
                            EXHIBIT B



        Sales of Rogers Common Stock by Security Re
        --------------------------------------------



                   Number                Price Per Share
Date               of Shares             (net of commission)
- ----               ----------            --------------------

4/25/94                300                  $  32.31
4/26/94              2,200                     32.31
4/28/94              2,500                     32.44
4/28/94              2,500                     32.56
4/28/94              2,500                     32.69
4/28/94              2,500                     32.94

                   



















                            - 14 -                             


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission