SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE l3D
Under the Securities Exchange Act of l934
Amendment No. 7
Intercargo Corporation
(Name of Issuer)
Common Stock, $1.00 par value
(Title of class of securities)
45844C108
(CUSIP Number)
Michael P. Maloney, Esq.
Vice President, General Counsel and Secretary
Orion Capital Corporation
600 Fifth Avenue
New York, New York 10020
(212) 332-8080
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(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.
Donovan Leisure Newton & Irvine
30 Rockefeller Plaza
New York, New York l0112
August 12, 1997
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(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 1 of 13 Pages
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CUSIP No.45844C108
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1) Names of Reporting Persons (a) Orion Capital Corporation
S.S. or IRS Identification IRS No. 95-6069054
Nos of Above Persons (b) Security Insurance Company
of Hartford
IRS No. 06-0529570
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2) Check the Appropriate Box if a (a)
Member of a Group (b) X
(See Instructions)
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3) SEC use Only
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4) Source of Funds (a) AF
(See Instructions) (b) WC
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5) Check if Disclosure of Legal
Proceedings are Required
Pursuant to Items 2(d) or 2(e)
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6) Citizenship or Place of (a) Delaware
Organization (b) Connecticut
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(7) Sole Voting
Number Power 1,899,223
of Shares (8) Shared Voting
Beneficially Power
Owned by (9) Sole Dispositive 1,899,223
Each Reporting Power
Person With (10) Shared Dispositive
Power
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11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,899,223
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12) Check if the Aggregate Amount
in Row (11) Excludes Certain Shares
(See instructions)
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13) Percent of Class Represented
by Amount in Row (11) 24.8%
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14) Type of Reporting Person (a) CO, HC
(See Instructions) (b) CO, IC
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Item 1. Security and Issuer.
-------------------
This statement relates to the Common Stock, $1.00 par
value (the "Common Stock"), of Intercargo Corporation
("Intercargo"). The principal executive offices of
Intercargo are located at 1450 American Lane, Schaumburg,
Illinois 60173.
Item 2. Identity and Background.
------------------------
This statement is filed by Orion Capital Corporation
("Orion"), a Delaware corporation with its principal
executive offices at 600 Fifth Avenue, New York, New York
10020, and one of its wholly-owned subsidiaries, Security
Insurance Company of Hartford ("SICH"), a Connecticut cor-
poration. The principal offices of SICH are located at 9
Farm Springs Road, Farmington, Connecticut 06032. Orion
owns all of the outstanding capital stock of SICH. SICH
underwrites and sells most types of property and casualty
insurance with an emphasis on commercial insurance in
specialized markets.
This statement amends Items 2 and 4 of the Schedule
13D dated September 14, 1993, as amended by Amendment No.
1 dated January 3, 1994, by Amendment No. 2 dated March 2,
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1995, by Amendment No. 3 dated April 23, 1996, by Amendment
No. 4 dated May 9, 1996, by Amendment No. 5 dated July 24, 1996 and
by Amendment No. 6 dated November 18, 1996, each filed with the
Commission by Orion and SICH, by revising such items in accordance
with the information contained herein.
The executive officers and directors of Orion 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 Appendix A hereto.
Each of the persons listed in Appendix A hereto is a citizen of
the United States, except for Gordon F. Cheesbrough, Graham A.
Addington and Aileen Ekmekjian who are citizens of Canada. Graham
A. Addington, who has dual citizenship, is also a citizen of the
United Kingdom. Neither Orion nor any of the Subsidiaries, nor to
their best knowledge, any executive officer or director of Orion or
any of the Subsidiaries 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.
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Item 4. Purpose of Transaction.
------------------------
Pursuant to a letter agreement dated August 12, 1997, Orion
and Intercargo have amended their agreement dated September 13,
1993 with respect to Orion's ownership of Intercargo Common Stock.
The amendment increases Orion's limitation on the maximum
percentage ownership of Intercargo's outstanding Common Stock from
approximately 25% to 35%. In addition, Orion agreed that after
June 30, 2000 and for a period of five years thereafter, Orion and
its controlled subsidiaries would not beneficially own, in the
aggregate, shares of Intercargo Common Stock representing more than
49% of the outstanding Common Stock of Intercargo.
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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/ Raymond J. Schuyler
----------------------------
Senior Vice President
and Chief Investment Officer
SECURITY INSURANCE COMPANY OF HARTFORD
By:/s/ Raymond J. Schuyler
---------------------------
Senior Vice President
and Chief Investment Officer
Dated: August 13, 1997
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APPENDICES
APPENDIX PAGE
A Names, addresses and principal 8
occupations of Executive Officers
and Directors of Orion and SICH
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APPENDIX A
Principal Occupation
Name and Address or Employment
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W. Marston Becker (1--2) Chairman of the Board and
Orion Capital Corporation Chief Executive Officer of
9 Farm Springs Road Orion and SICH
Farmington, CT 06032
Gordon F. Cheesbrough (1) Chairman and Chief
Scotia Capital Markets Executive Officer,
40 King Street West ScotiaMcLeod, Inc.,
Scotia Plaza, 66th Floor Canadian investment
Toronto, Ontario M5W 2X6 dealers
Canada
Bertram J. Cohn (l) Managing Director, First
437 Madison Avenue Manhattan Company,
New York, New York, l0022 investment bankers
John C. Colman (l) Private investor and
4 Briar Lane consultant
Glencoe, Illinois 60022
Victoria R. Fash (1) Executive Vice President
Cognizant Corporation and Chief Financial
200 Nyala Farms Road Officer of Cognizant
Westport, Connecticut 06880 Corporation
Robert H. Jeffrey (l) Chairman of the Board,
The Jeffrey Company Company Jeflion Investment
88 E. Broad Street, Suite l560 Company; Chairman of the
Columbus, Ohio 43215 Board, The Jeffrey
Company, a privately held
investment company which
is the parent of Jeflion
Investment Company
Warren R. Lyons (1) Chairman, Avco Financial
Avco Financial Services Services, a financial
600 Anton Boulevard services company and a
Costa Mesa, California 92628 subsidiary of Textron
Inc.
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(l) Director of Orion
(2) Director of SICH
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Principal Occupation
Name and Address or Employment
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James K. McWilliams (l) Proprietor of McWilliams
2288 Broadway & Company and General
San Francisco, California 94115 Partner, Mt. Eden
Vineyards, Inc.
Ronald W. Moore (1) Adjunct Professor of
Morgan Hall Business Administration,
Soldiers Field Harvard University
Boston, Massachusetts 02163
Robert B. Sanborn (1) Senior Executive
87 Farm Lane Consultant to Orion
South Dennis, Massachusetts 02660
William J. Shepherd (l) Private investor
109 Golf Edge
Westfield, New Jersey 07090
John R. Thorne (1) Morgenthaler Professor of
Furnace Run Entrepreneurship,
Laughlintown, Pennsylvania 15655 Graduate School of
Industrial
Administration, Carnegie-
Mellon University;
Chairman, The Enterprise
Corporation of Pittsburgh
a non-profit corporation
encouraging and support-
ing entrepreneurial
businesses
Roger B. Ware (1) Senior Consultant to
Guaranty National Corporation Guaranty National
9800 South Meridian Boulevard Corporation
Englewood, CO 80112
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(l) Director of Orion
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Principal Occupation
Name and Address or Employment
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Raymond W. Jacobsen (2) Senior Vice President
EBI Companies of Orion, and SICH
500 Park Boulevard
Itasca, IL 60143
Daniel L. Barry (2) Senior Vice President and
Orion Capital Corporation Chief Financial Officer
9 Farm Springs Road of Orion and SICH
Farmington, Connecticut 06032
Michael P. Maloney, Esq. (2) Senior Vice President,
Orion Capital Corporation General Counsel and
600 Fifth Avenue Secretary of Orion,
New York, New York l0020 and Senior Vice
President, Chief Legal
Officer and Assistant
Secretary of SICH
William G. McGovern Senior Vice President and
Orion Capital Corporation Chief Actuary of Orion;
9 Farm Springs Road Senior Vice President and
Farmington, Connecticut 06032 Chief Actuary of SICH
Vincent T. Papa (2) Senior Vice President
Wm. H. McGee & Co., Inc. of Orion and Senior
Four World Trade Center Vice President of SICH
Suite 6274
New York, New York 10048
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(2) Director of SICH
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Principal Occupation
Name and Address or Employment
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Raymond J. Schuyler (2) Senior Vice President and
Orion Capital Corporation Chief Investment Officer
600 Fifth Avenue of Orion and Senior
New York, New York 10020 Vice President-Invest-
ments of SICH
Lawrence D. Nolen Vice President of SICH
Orion Capital Companies
312 Farmington Avenue
Farmington, Connecticut 06032
Eva Schlehofer Vice President of SICH
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
Craig A. Nyman Vice President and
Orion Capital Companies Treasurer of Orion and
Farm Springs Road SICH
Farmington, Connecticut 06032
Stephen M. Mulready (2) Vice President of Orion;
Orion Capital Companies Vice President of SICH
9 Farm Springs Road
Farmington, Connecticut 06032
Thomas M. Okarma (2) Vice President of Orion;
DPIC Companies Vice President of SICH
2959 Monterey/Salinas Highway
Monterey, California 93940
Robert T. Claiborne Vice President, Portfolio
Orion Capital Corporation Manager and Director of
600 Fifth Avenue Research of Orion and
New York, New York 10020 SICH
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(2) Director of SICH
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Principal Occupation
Name and Address or Employment
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Claudia F. Lindsey Vice President of Orion
9 Farm Springs Road and Vice President-
Farmington, Connecticut 06032 Business Development of
SICH
Victor L. Matthews Vice President and
Orion Capital Corporation Controller of Orion
600 Fifth Avenue
New York, New York 10020
David B. Semeraro Vice President of Orion
Orion Capital Companies and Vice President and
9 Farm Springs Road Chief Information Officer
Farmington, Connecticut 06032 of SICH
Kevin W. Sullivan Vice President and
Orion Capital Corporation Assistant Chief Invest-
600 Fifth Avenue ment Officer of Orion
New York, New York 10020 and SICH
William M. Beers Vice President and
DPIC Companies Assistant Secretary of
2959 Monterey/Salinas Highway SICH
Monterey, California 93940
Leland H. Beman Vice President of SICH
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
Anne Campbell Vice President of SICH
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
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Principal Occupation
Name and Address or Employment
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Thomas A. Clark Vice President of Orion
Capital Companies and SICH
9 Farm Springs Road
Farmington, Connecticut 06032
Richard C. Tardif Vice President of SICH
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
Peter M. Vinci Vice President and
Orion Capital Companies Controller of SICH
9 Farm Springs Road
Farmington, Connecticut 06032
James W. Webb Vice President of SICH
Orion Capital Companies
9 Farm Springs Road
Farmington, Connecticut 06032
Graham A. Addington Vice President of SICH
DPIC Companies
155 University Avenue
Toronto, Ontario M5H 3B7
Canada
David J. Vermeulen Vice President of SICH
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
Florence E. Whitmore Vice President of SICH
DPIC Companies
2959 Monterey/Salinas Highway
Monterey, California 93940
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