GCR HOLDINGS LTD
15-12G, 1997-06-13
ACCIDENT & HEALTH INSURANCE
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                   SECURITIES AND EXCHANGE COMMISSION

                         Washington, D.C. 20549

                                 FORM 15

 Certification and Notice of Termination of Registration under Section 12(g) of
the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under
                    Sections 13 and 15(d) of the Securities
                          Exchange Act of 1934.
                     Commission File Number 0-27220

                          GCR Holdings Limited
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         (Exact name of registrant as specified in its charter)

       Sofia House, 48 Church Street, Hamilton HM12 Bermuda (441) 292-9415
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   (Address, including zip code and telephone number, including area code, of
                    registrant's principal executive offices)

                    Ordinary Shares, $.10 par value per share
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            (Title of each class of securities covered by this Form)

                                  None
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   (Titles of all other classes of securities for which a duty to file reports
                      under section 13(a) or 15(d) remains)

            Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

            Rule 12g-4(a)(1)(i)   [x]     Rule 12h-3(b)(1)(ii)  [ ]

            Rule 12g-4(a)(1)(ii)  [ ]     Rule 12h-3(b)(2)(i)   [ ]

            Rule 12g-4(a)(2)(i)   [ ]     Rule 12h-3(b)(2)(ii)  [ ]

            Rule 12g-4(a)(2)(ii)  [ ]     Rule 15d-6            [ ]

            Rule 12h-3(b)(1)(i)   [x]

            Approximate number of holders of record as of the certification or
notice date:

                                       1
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            Pursuant to the requirements of the Securities Exchange Act of 1934
GCR Holdings Limited has caused this certification/notice to be signed on its
behalf by the undersigned duly authorized person.

DATE:  June 12, 1997                BY:  /s/  Frederick W. Deichmann
                                    Name:  Frederick W. Deichmann
                                    Title:   Chief Financial Officer
<PAGE>

Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. The
registrant shall file with the Commission three copies of Form 15, one of which
shall be manually signed. It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.


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