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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of earliest event reported - June 30, 1996
Life Re Corporation
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(Exact name of Registrant as specified in its charter)
Delaware 1-11340 01-0437851
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
969 High Ridge Road, Stamford, Connecticut 06905
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(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (203) 321-3000
Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5: Other Events.
As of June 30, 1996, Life Re Corporation (the "Company"),
through its subsidiary Reassure American Life Insurance Company
("REALIC"), completed its acquisition of all the outstanding common
stock of Modern American Life Insurance Company ("Modern American")
from Bankers Multiple Line Insurance Company ("Bankers"). Also as of
June 30, 1996, Western Pioneer Life Insurance Copmpany, previously a
subsidiary of Bankers, was merged with and into REALIC.
Effective as of July 1, 1996, the Company, through its
subsidiary Life Reassurance Corporation of America, entered into
reinsurance arrangements with Combined Insurance Company of America
to reinsure credit life and credit disability insurance policies
produced through current and former affiliates of Aon Corporation
("Aon"). In connection with the foregoing, the Company entered into
a Consulting and Non-Compete Agreement with a subsidiary of Aon.
Effective as of July 1, 1996, the Company purchased
approximately twenty percent of the common stock of Resource
Financial Corporation ("RFC"), a newly organized corporation formed
for the purpose of acquiring certain assets and entities owned by
subsidiaries of Aon, including Resource Dealer Group, Inc., a former
subsidiary of Aon. The remaining stock of RFC is owned by its
management. RFC specializes in providing insurance product
distribution, administrative and financial services, and
comprehensive training and development for the retail automotive
industry throughout the United States and Canada.
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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.
LIFE RE CORPORATION
Date: July 16, 1996 By: /s/ Chris C. Stroup
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Chris C. Stroup
Executive Vice President and
Chief Financial Officer
