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AMERICAN RE CORPORATION TO ENHANCE CAPITAL POSITION

 PRINCETON, N.J., Nov. 24 ~PRNewswire~ -- American Re Corporation (American Re) today announced plans to enhance its capital position through an initial public offering of its common stock. The offering is expected to be completed early in 1993. None of American Re's current common equityholders will sell outstanding shares of the common stock as part of the public offering.
 The public offering is being managed by Merrill Lynch & Co., and co- managed by Donaldson, Lufkin & Jenrette Securities Corporation, Lazard Freres & Co., and Lehman Brothers.
 American Re is, through its wholly owned subsidiary, American Re- Insurance Company, a direct writer of treaty and facultative reinsurance and related services, with approximately 1,200 employees in 13 domestic and 13 international offices.
 A registration statement relating to American Re's common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 11~24~92
 ~CONTACT: Thomas H. Walker, Jr., of American Re Corporation, 609-243-4679~


CO: American Re Corporation ST: New Jersey IN: INS SU:

SM-PS -- NY026 -- 0986 11~24~92 10:48 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:251
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