UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 2, 2000
Terra Nova (Bermuda) Holdings, Ltd
(Exact name of registrant as specified in its charter)
Bermuda
(State or other jurisdiction of incorporation or organization)
1-13832 Not Applicable
(Commission (I.R.S. employer
file number) identification number)
Richmond House, 3rd Floor,12 Par-la-Ville Road, Hamilton HM08, Bermuda
(Address of principal executive offices) (Zip code)
(441) 292-7731
(Registrant's telephone number, including area code)
None
(Former name, former address and former fiscal year,
if changed since last report)
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Item 4. Changes in Registrant's Certifying Accountant
On March 24, 2000, the transactions contemplated by the Agreement and Plan of
Merger and Scheme of Arrangement dated as of August 15, 1999, between Markel
Corporation (now Markel North America Inc.) and Terra Nova (Bermuda) Holdings
Ltd. (the Registrant) were completed. As a result of the transactions, the
Registrant and Markel North America Inc. became wholly owned subsidiaries of
Markel Corporation.
In early March 2000, the Audit Committee of Markel Corporation (now Markel North
America Inc.) voted to retain KPMG LLP to serve as the independent accountant
for all subsidiaries for the fiscal year ended December 31, 2000. Implementation
of this decision for Markel Corporation (after the acquisition of the
Registrant) required termination of the client-auditor relationship between the
Registrant and their independent accountants, PricewaterhouseCoopers.
Accordingly, on April 14, 2000, PricewaterhouseCoopers informed the Registrant
that they resigned effective as of that date. Effective as of May 2, 2000
Registrant has engaged KPMG Audit plc as the independent accountant for the
Registrant.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable
(b) Not applicable
(c) Exhibits-None
<PAGE>
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 hereunto duly authorized.
TERRA NOVA (BERMUDA) HOLDINGS LTD.
Date: May 5, 2000 By: /s/Steven A. Markel
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Director
