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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
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March 27, 1997
Date of report (Date of earliest event reported)
American Re Corporation
(Exact name of registrant as specified in its charter)
DELAWARE 1-11688 13-3672116
(State or Other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation or organization) Identification No.)
555 College Road East
Princeton, New Jersey 08543
(609) 243-4200
(Address including zip code, and telephone number, including area code, of
registrant's principal executive office)
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Item 4. Changes in Registrant's Certifying Accountant.
Deloitte & Touche LLP was dismissed as principal independent accountant to
American Re Corporation and its subsidiaries (the "Company"), effective March
27, 1997. Also effective that date, the Company engaged KPMG Peat Marwick LLP,
the principal independent accountants for Munich Reinsurance Company ("Munich
Re"), to replace Deloitte & Touche LLP as its principal independent
accountants. The Company was acquired by Munich Re on November 25, 1996.
No report on the financial statements of the Company by Deloitte & Touche LLP
contained an adverse opinion or a disclaimer of opinion, or was qualified or
modified as to uncertainty, audit scope, or accounting principles during either
of the past two fiscal years or any subsequent period preceding the dismissal.
During American Re's two most recent fiscal years and the subsequent period
preceding the dismissal of Deloitte & Touche LLP, there were no disagreements
with Deloitte & Touche LLP on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Deloitte & Touche LLP,
would have caused Deloitte & Touche LLP to make reference to the subject matter
of such disagreements in connection with its reports on the Company.
The replacement of Deloitte & Touche LLP by KPMG Peat Marwick LLP as independent
accountants to the Company is intended to allow the Company and Munich Re to
benefit from efficiencies resulting from the use of KPMG Peat Marwick LLP as
principal independent accountants to both the Company and Munich Re.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
1.1 Consent letter from former accountant, Deloitte & Touche LLP to
the Securities and Exchange Commission.
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Signatures
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 thereunto duly authorized.
AMERICAN RE CORPORATION
(Registrant)
/s/ Robert K. Burgess
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Robert K. Burgess
Executive Vice President, General Counsel and
Secretary
Dated: March 27, 1997
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INDEX TO EXHIBITS
PAGE NUMBER
IN SEQUENTIAL
EXHIBIT DESCRIPTION NUMBERING
NUMBER SYSTEM
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1.1 Consent letter from former accountant,
Deloitte & Touche LLP to the Securities
and Exchange Commission.
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[DELOITTE & TOUCHE LLP LETTERHEAD]
March 27, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of American Re
Corporation dated March 27, 1997.
Yours truly,
/s/ Deloitte & Touche LLP
