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BRITISH-AMERICAN INSURANCE COMPANY ANNOUNCES DISTRIBUTION OF DIVIDEND

BRITISH-AMERICAN INSURANCE COMPANY ANNOUNCES DISTRIBUTION OF DIVIDEND
 NASSAU, Bahamas, Nov. 27 /PRNewswire/ -- British-American Insurance Company, Limited ("British American"), announced today that Wednesday, Nov. 27, 1991 is the record date for the distribution of an "in specie" dividend in the form of one share of Class B shares of British American Holdings Limited ("Holdings"). The shares are being distributed today, Nov. 27, 1991. Prior to the distribution of the dividend, Holdings was a wholly-owned subsidiary of British-American, and the dividend resulted in the distribution of 100 percent of the issued and outstanding shares of Holdings. The distribution in is connection with a Reorganization of British-American, the terms of which have previously been announced .
 -0- 11/27/91
 /CONTACT: Judy Higgs, British-American Insurance, 809-322-2694/ CO: British-American Insurance Company, Limited ST: IN: INS SU: DIV


DF -- CH006 -- 7931 11/27/91 18:05 EST
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Publication:PR Newswire
Date:Nov 27, 1991
Words:141
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