American Re Corporation

American Re Corp, through its wholly owned subsidiaries, is one of the largest providers of property and casualty reinsurance in the United States. The company was formed to acquire American Re-Insurance Company, which was formed in 1917, from Aetna Life and Casualty Company, which was effected on September 30, 1992. American Re-Insurance is the third largest property and casualty reinsurance company in the United States based on 1995 premiums written and statutory surplus. It underwrites property and casualty reinsurance directly in both the domestic and international markets, and thereby provides reinsurance directly to primary insurance companies without the assistance of reinsurance brokers. Premiums earned accounted for 85% of 1995 revenues; net investment income, 12% and other income, 1%.