SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File No. 1-12502
NOTIFICATION OF LATE FILING
(Check One) [ ] Form 10-K [ ] Form 20-F [X] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR
For Period Ended December 31, 1999
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM.
PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has verified
any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION:
Full Name of Registrant: Chartwell Re Corporation
401(k) Profit Sharing Plan
Address of principal executive office (Street and number): Four Stamford Plaza
City, state and zip code: Stamford, CT 06902
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check appropriate box).
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, 10-KSB 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, 10-QSB or portion thereof will be filed on or
before the fifth calendar day following the prescribed due date; and
[X] (c) The accountant's statement or other exhibit required by Rule
12b-25(b) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof, could
not be filed within the prescribed time period.
The Chartwell Re Corporation 401(k) Profit Sharing Plan (the "Plan"), was
terminated on October 27, 1999 in conjunction with the merger of the Plan's
sponsor, Chartwell Re Corporation with and into Trenwick Group Inc. It was
believed that the Form 11-K filing obligation of the Plan terminated
concurrently with the termination of the Plan. Recently, following consultation
with the Securities and Exchange Commission, it was determined that the Plan's
Form 11-K filing obligation remained in existence. Accordingly, the independent
accountants of the Plan have only recently received from the Plan the
information necessary for them to complete the audit and issue their report on
the Plan's financial statements. Since the Plan's independent accountants,
Deloitte & Touche LLP, now have the necessary information, their audit and the
issuance of their report on the Plan's financial statements are expected to be
completed on or before July 13, 2000. Attached is a statement from Deloitte &
Touche LLP concurring with this narrative description.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
John V. Del Col (203) 602-3074
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period
that the registrant was required to file such report(s) been filed? If
the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or
portion thereof?
[ ] Yes [X] No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a
reasonable estimate of the results cannot be made.
Chartwell Re Corporation 401(k) Profit Sharing Plan has caused this notification
to be signed on its behalf by the undersigned hereto duly authorized.
Chartwell Re Corporation
401(k) Profit Sharing Plan
By: /s/ John V. Del Col
----------------------
John V. Del Col
Dated: June 29, 2000 Trustee
<PAGE>
EXHIBIT A
June 29, 2000
Attachment to FORM 12b-25
Chartwell Re Corporation
401(k) Profit Sharing Plan
Four Stamford Plaza
107 Elm Street
Stamford, CT 06902
We have read and agree with the comments in Part III Narrative of Form 12b-25 of
the Chartwell Re Corporation 401(k) Profit Sharing Plan dated June 29, 2000.
Yours truly,
/s/ Deloitte & Touche LLP
