GLOBALE Rückversicherungs Finance Alpha B.V.
GLOBALE Rückversicherungs Finance Alpha B.V.
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The Department of lnsurance (Dol) in New York submitted its draft “Report on
Examination” of our US companies GLOBAL Reinsurance Company of America (GRCA),
Constitution lnsurance Company (CIC) and GLOBAL Reinsurance Corporation, US
Branch (USB) as of December 31, 2002.
The effect that the report – if it were to become final – would have on
reserves would be grave though not existence-threatening for GLOBALE
Rückversicherungs-AG, Cologne, whose equity per 31 December 2004 amounts to
EUR 1 million. GLOBALE Rückversicherungs-AG will have an opportunity to
comment on the draft report and to challenge the conclusions preliminarily
drawn by the Dol and discuss the results of the draft report. It is therefore
impossible at this time to quantify any concrete effects on the book value of
the shareholding in our US holding company or any additional reserves possibly
to be established per 31 December 2005 for USB by GLOBALE Rückversicherungs-
AG, Cologne.
End of announcement (c)DGAP 30.11.2005
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WKN: 701555; ISIN: XS0133491000; Index:
Listed: Börse Luxembourg
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