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Terra Nova (Bermuda) Holdings Ltd. Declares Quarterly Dividend

HAMILTON, Bermuda, Nov. 26 /PRNewswire/ -- The Board of Directors of Terra Nova (Bermuda) Holdings Ltd. (NYSE: TNA) today declared a regular quarterly dividend of $0.02 per ordinary share payable on December 27, 1996 to holders of record at the close of business on December 6, 1996.

Terra Nova (Bermuda) Holdings Ltd. is the holding company for three wholly owned operating entities - Terra Nova Insurance Company Limited in the U.K., Terra Nova (Bermuda) Insurance Company Ltd. and Octavian Syndicate Management Limited, which manages five Lloyd's syndicates in which the Company has a participation. Through these subsidiaries, the Company underwrites a diverse property, casualty, marine and aviation insurance and reinsurance business on a worldwide basis.

SOURCE Terra Nova (Bermuda) Holdings Ltd.
 -0- 11/26/96


/CONTACT: William O. Bailey, Chairman and CEO, 441-292-7731, or fax: 441-292-7572, or William Wedlake, Senior Vice President and CFO, 011-44-171-369-5153, fax: 011-44-171-369-5150, both of Terra Nova/

(TNA)

CO: Terra Nova (Bermuda) Holdings Ltd. ST: IN: FIN SU: DIV

MM -- NYTU077 -- 6076 11/26/96 12:29 EST http://www.prnewswire.com
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Publication:PR Newswire
Date:Nov 26, 1996
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