FORM 3
OMB APPROVAL
---------------------------------
OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response.......... 0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in
Muenchen ("MunichRe")
Koeniginstrasse 107
D-80791 Munich, Germany
2. Date of Event Requiring Statement(Month/Day/Year)
8/13/96
3. IRS or Social Security Number of Reporting Person (Voluntary)
13-5669461
4. Issuer Name and Ticker or Trading Symbol
American Re Corporation (ARN)
5. Relationship of Reporting Person to Issuer
(Check all applicable)
___ Director _x_ 10% Owner
___ Officer (give title below) ___ Other (specify below)
______________________________
6. If Amendment, Date of Original (Month/Day/Year)
Table I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr.4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
<S> <C> <C> <C>
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
TABLE II--Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
Derivative Security Exercisable Securities Underlying sion or ship Beneficial Ownership
(Instr. 4) and Expira- Derivative Security Exercise Form of (Instr. 5)
tion Date (Instr. 4) Price of Deriva-
(Month/Day/ Deri- tive
Year) vative Security:
Security Direct
(D) or
Date Expira- Title Amount Indirect
Exer- tion or (I)
cisable Date Number (Instr. 5)
of
Shares
<S> <C> <C> <C> <C> <C> <C> <C>
Option to buy * * Common Stock 30,236,000 $65.00 D
</TABLE>
Explanation of Responses:
* The Option may be exercised by Puma Acquisition Corp. ("Sub"), as a whole
and not in part, during the period commencing upon the occurrence of any of
the following events and ending on the date which is the 30th calendar day
following the first to occur of such events: (i) the Issuer terminates the
Agreement and Plan of Merger dated as of August 13, 1996, among Munich Re,
Sub and the Issuer (the "Merger Agreement") if its Board of Directors shall
have withdrawn or modified its approval or recommendation of the Merger
Agreement; (ii) the Issuer terminates the Merger Agreement if its
stockholders do not approve the merger of Sub with and into the Issuer (the
"Merger") at the stockholders' meeting; or (iii) Munich Re terminates the
Merger Agreement if (A) the Issuer breaches in any material respect any of
its covenants, agreements, representations and warranties contained in the
Merger Agreement, (B) if the Board of Directors of the Issuer shall have
withdrawn or modified its approval or recommendation of the Merger
Agreement, or (C) if the stockholders of the Issuer do not approve the
Merger at the stockholders' meeting.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
By: /s/ Christoph Schurig October 4, 1996
---------------------------------- ---------------------
**Signature of Reporting Person Date
Name: Christoph Schurig
Title: Deputy Member of Executive Management
By: /s/ Detlef Christiansen October 4, 1996
---------------------------------- ---------------------
**Signature of Reporting Person Date
Name: Detlef Christiansen
Title: Manager Operational Division: North America
<PAGE>
FORM 3
OMB APPROVAL
---------------------------------
OMB Number 3235-0104
Expires: April 30, 1997
Estimated average burden
hours per response.......... 0.5
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935
or Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Puma Acquisition Corp.*
2. Date of Event Requiring Statement(Month/Day/Year)
8/13/96
3. IRS or Social Security Number of Reporting Person (Voluntary)
98-0163079
4. Issuer Name and Ticker or Trading Symbol
American Re Corporation (ARN)
5. Relationship of Reporting Person to Issuer
(Check all applicable)
___ Director _x_ 10% Owner
___ Officer (give title below) ___ Other (specify below)
______________________________
6. If Amendment, Date of Original (Month/Day/Year)
Table I - Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr.4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect
(I) (Instr. 5)
<S> <C> <C> <C>
</TABLE>
*Designated Filer: Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft
in Muenchen.
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
<PAGE>
TABLE II--Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of 2. Date 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature of Indirect
Derivative Security Exercisable Securities Underlying sion or ship Beneficial Ownership
(Instr. 4) and Expira- Derivative Security Exercise Form of (Instr. 5)
tion Date (Instr. 4) Price of Deriva-
(Month/Day/ Deri- tive
Year) vative Security:
Security Direct
(D) or
Date Expira- Title Amount Indirect
Exer- tion or (I)
cisable Date Number (Instr. 5)
of
Shares
<S> <C> <C> <C> <C> <C> <C> <C>
Option to buy * * Common Stock 30,236,000 $65.00 D
</TABLE>
Explanation of Responses:
* The Option may be exercised by Sub, as a whole and not in part, during the
period commencing upon the occurrence of any of the following events and
ending on the date which is the 30th calendar day following the first to
occur of such events: (i) the Issuer terminates the Merger Agreement if its
Board of Directors shall have withdrawn or modified its approval or
recommendation of the Merger Agreement; (ii) the Issuer terminates the
Merger Agreement if its stockholders do not approve the Merger at the
stockholders' meeting; or (iii) Munich Re terminates the Merger Agreement
if (A) the Issuer breaches in any material respect any of its covenants,
agreements, representations and warranties contained in the Merger
Agreement, (B) if the Board of Directors of the Issuer shall have withdrawn
or modified its approval or recommendation of the Merger Agreement, or (C)
if the stockholders of the Issuer do not approve the Merger at the
stockholders' meeting.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
By: /s/ John P. Phelan October 4, 1996
---------------------------------- ---------------------
**Signature of Reporting Person Date
Name: John P. Phelan
By: /s/ Christoph Schurig October 4, 1996
---------------------------------- ---------------------
**Signature of Reporting Person Date
Name: Christoph Schurig
