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Published in Business and Finance on Friday, September 25th 2009 at 14:11 GMT, Last Modified on 2009-11-02 11:43:48 by Market Wire

HAMILTON, BERMUDA--(Marketwire - September 25, 2009) - Annuity and Life Re (Holdings), Ltd. (
Shareholders will be contacted regarding the procedures for cancelling their shares in return for the amalgamation consideration. The amalgamation consideration per share has been determined to be $0.44580421 per common share.
Annuity and Life Re (Holdings), Ltd. provides annuity and life reinsurance to insurers through its wholly owned subsidiary, Annuity and Life Reassurance, Ltd.
This press release and the Company's financial statements are available from the Company's website at [ www.alre.bm ].