SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions
Published on February 19, 1997
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------
SCHEDULE 13G
(Rule 13d-102)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
RenaissanceRe Holdings, Ltd.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
G7496G 10 3
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(CUSIP Number)
- ----------
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act
of 1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
SCHEDULE 13G
CUSIP No. G7496G 10 3
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Trustees of General Electric Pension Trust
I.R.S. #14-6015763
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of New York
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5 Sole Voting Power
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
0
--------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
0.0%
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12 Type of Reporting Person*
EP
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12 pages
SCHEDULE 13G
CUSIP No. G7496G 10 3
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GE Investment Private Placement Partners I, Limited Patnership
I.R.S. #06-1305217
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
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4 Citizenship or Place of Organization
State of Delaware
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5 Sole Voting Power
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting 0
Person --------------------------------------------------------
With 7 Sole Dispositive Power
0
--------------------------------------------------------
8 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
- --------------------------------------------------------------------------------
10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
- --------------------------------------------------------------------------------
11 Percent of Class Represented By Amount in Row (9)
0.0%
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12 Type of Reporting Person*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12 pages
SCHEDULE 13G
CUSIP No. G7496G 10 3
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
General Electric Company
I.R.S. #14-0689340
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2 Check the Appropriate Box If a Member of a Group* a. |_|
b. |X|
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3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
State of New York
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of
Shares 0
Beneficially --------------------------------------------------------
Owned By 6 Shared Voting Power
Each
Reporting Disclaimed (See 9 below)
Person --------------------------------------------------------
With 7 Sole Dispositive Power
0
--------------------------------------------------------
8 Shared Dispositive Power
Disclaimed (See 9 below)
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
Beneficial ownership of all shares disclaimed by General Electric Company
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10 Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares* |_|
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11 Percent of Class Represented By Amount in Row (9)
Not applicable
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12 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12 pages
INTRODUCTORY NOTE: This Amendment No. 1 to the Schedule 13G (the
"Schedule") filed on February 13, 1996, on behalf of the Trustees of General
Electric Pension Trust ("GEPT"), an employee pension fund subject to the
Employee Retirement Income Security Act of 1974, and GE Investment Private
Placement Partners I, a Delaware limited partnership ("GEIPPPI") in order to
disclose GEPT's and GEIPPPI's respective holdings of shares of the Common Stock
(the "Common Stock"), par value $1.00 per share, of RenaissanceRe Holdings, Ltd.
(the "Company"). Over the calendar year 1996, all of the Common Stock held by
GEPT and GEIPPPI was repurchased by the Company or exchanged for other
securities of the Company. GEPT and GEIPPPI beneficially own no shares of Common
Stock and expressly disclaim beneficial ownership of Common Stock owned by
filing persons other than itself. GEPT and GEIPPPI also expressly disclaim that
they are members of a "group". General Electric Company disclaims beneficial
ownership of all shares and expressly disclaims that it is a member of a
"group".
Item 1(a) Name of Issuer: RenaissanceRe Holdings, Ltd.
Item 1(b) Address of Issuer's Principal Executive Offices
48 Church Street
Sofia House
Hamilton, Bermuda HM12
Item 2(a) Name of Person Filing:
Trustees of General Electric Pension Trust
GE Investment Private Placement Partners I, Limited Partnership
The General Electric Company
(See Schedules I and II)
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal offices of both
Trustees of General Electric Pension Trust
and GE Investment Private Placement Partners
I is 3003 Summer Street, Stamford,
Connecticut 06904. The address of the
principal office of General Electric Company
is 3135 Easton Turnpike, Fairfield,
Connecticut 06431.
Item 2(c) Citizenship:
General Electric Pension Trust - New York
GE Investment Private Placement Partner I - Delaware
General Electric Company - New York
Item 2(d) Title of Class of Securities: Common Stock
Item 2(e) CUSIP Number: G7496G 10 3
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Item 3. If this statement is filed pursuant to
Rules 13d-1(b) or 13d-2(b), check whether
the person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act
Page 5 of 12 pages
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
(e) [ ] Investment Advisor registered under section 203 of the
Investment Advisers Act of 1940
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with ss.240.13d-
1(b)(1)(ii)(G)
(h) [X] Group, in accordance with ss.240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
(See cover pages and introductory note)
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following |X|.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Page 6 of 12 pages
Item 10. Certification.
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
TRUSTEES OF GENERAL ELECTRIC PENSION
TRUST
By: /s/ Alan M. Lewis
-------------------------------------
Alan M. Lewis, Trustee
GE INVESTMENT PRIVATE PLACEMENT
PARTNERS I, LIMITED PARTNERSHIP
By: GE Investment Management Incorporated,
its general partner
By: /s/ Alan M. Lewis
-------------------------------------
Alan M. Lewis, Trustee
Executive Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
John H. Myers
Vice President
Dated: February 14, 1997
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
GE INVESTMENT PRIVATE PLACEMENT
PARTNERS I, LIMITED PARTNERSHIP
By: GE Investment Management Incorporated,
its general partner
By: /s/ Alan M. Lewis
--------------------------------------
Alan M. Lewis
Executive Vice President
Dated: February 14, 1997
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
TRUSTEES OF GENERAL ELECTRIC PENSION
TRUST
By: /s/ Alan M. Lewis
-------------------------------------
Alan M. Lewis
Trustee
Dated: February 14, 1997
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
-------------------------------------
John H. Myers
Vice President
Dated: February 14, 1997
SCHEDULE I
JOINT FILING AGREEMENT
This will confirm the agreement by and between all the undersigned
that the Schedule 13G on or about this date and any amendments thereto with
respect to the beneficial ownership by the undersigned of shares of the Common
Stock of RenaissanceRe Holdings Ltd. is being filed on behalf of each of the
undersigned.
TRUSTEES OF GENERAL ELECTRIC PENSION
TRUST
By: /s/ Alan M. Lewis
--------------------------------------
Alan M. Lewis, Trustee
GE INVESTMENT PRIVATE PLACEMENT
PARTNERS I, LIMITED PARTNERSHIP
By: GE Investment Management Incorporated,
its general partner
By: /s/ Alan M. Lewis
--------------------------------------
Alan M. Lewis
Executive Vice President
GENERAL ELECTRIC COMPANY
By: /s/ John H. Myers
--------------------------------------
John H. Myers
Vice President
Dated: February 14, 1997
SCHEDULE II
TRUSTEES OF
GENERAL ELECTRIC PENSION TRUST
3003 Summer Street, P.O. Box 7900
Stamford, Connecticut 06904
The names of the Trustees of General Electric Pension Trust
are as follows:
EUGENE K. BOLTON
MICHAEL J. COSGROVE
RALPH R. LAYMAN
ALAN M. LEWIS
ROBERT A. MACDOUGALL
JOHN H. MYERS
DONALD W. TOREY