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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
Date of Report (Date of earliest event reported): February 27, 1998
TRENWICK GROUP INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-14737 06-1152790
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Metro Center, One Station Place, Stamford, Connecticut 06902
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 353-5500
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Item 5. Other Events
On February 27, 1998, the registrant issued a press release in which it
announced its acquisition of SOREMA (UK) Limited. The acquisition, which
received the approval of the United Kingdom's Department of Trade & Industry,
was consummated pursuant to a Share Purchase Agreement entered into on
January 16, 1998. The press release is attached hereto as Exhibit A.
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SIGNATURE
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.
Date: March 4, 1998
TRENWICK GROUP INC.
By /s/ James F. Billett, Jr.
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James F. Billett, Jr.
Chairman of the Board, President
and Chief Executive Officer
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EXHIBIT A
Alan L. Hunte, Vice President, Chief Financial
Officer and Treasurer (203) 353-5500
Trenwick Group Inc.
February 27, 1998. . .
Trenwick Group Inc. has completed its previously announced acquisition of SOREMA
(UK) Limited, which will be re-named Trenwick International Ltd. The company,
based in London, specializes in insurance and reinsurance underwriting on
a worldwide basis. Trenwick International Ltd's capital will be doubled to
approximately $125 million, and the company will be provided with a claims
payment guarantee to further enhance security to policyholders.
Trenwick believes that the acquisition is an excellent means of diversifying
both geographically and structurally. Trenwick International's experienced team
of underwriters specialize in shorter-tail classes of insurance and reinsurance
of risks located outside the United States. Trenwick also believes that the
acquisition of an established company in the London insurance market provides an
opportune platform for further international expansion.
Trenwick Group Inc. is a holding company whose principal subsidiary, Trenwick
America Reinsurance Corporation, reinsures property and casualty risks written
by U.S. insurance companies. Trenwick America Reinsurance Corporation is rated
A+ (Superior) by A.M. Best Company and is assigned a claims-paying ability
rating of A+ by Standard & Poor's.
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February 27, 1998
