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ZURICH REINSURANCE CENTRE HOLDINGS, INC. SELLS $200 MILLION OF 7.125 PERCENT 30-YEAR DEBT

 NEW YORK, Oct. 14 /PRNewswire/ -- Zurich Reinsurance Centre Holdings, Inc. (NYSE: ZRC) announced today that is sold $200 million of its 7.125 percent Senior Notes due 2023 in a public offering managed by CS First Boston, Donaldson, Lufkin & Jenrette Securities Corporation and J.P. Morgan Securities Inc. The non-callable notes were rated A1 by Moody's Investor Services and A- by Standard and Poor's.
 ZRC, a recently formed public company, is the principal underwriting affiliate of the Zurich Insurance Company and the Centre Reinsurance Companies in the North American market for brokered traditional property and casualty reinsurance.
 This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there by any sale of the Senior Notes 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.
 A written prospectus may be obtained from CS First Boston, 55 East 52nd Street, New York, New York, 10055.
 -0- 10/14/93
 /CONTACT: Elizabeth Richardson, vice president, investor relations of ZRC Holdings, Inc., 212-898-5000; Andrew R. Baer or Tracey T. Stearns of Kekst & Company, 212-593-2655/
 (ZRC)


CO: Zurich Reinsurance Centre Holdings, Inc. ST: New York IN: INS SU: OFR

WB -- NY077 -- 2378 10/14/93 15:33 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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