UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF
1934
Date of report (Date of earliest event reported): October 6, 2005
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QUANTA CAPITAL HOLDINGS LTD.
(Exact name of registrant as specified in its charter)
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Commission File Number: 000-50885
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| Bermuda | |
N/A | ||||
| (State or other jurisdiction of | |
(I.R.S. Employer | ||||
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Identification No.) | ||||
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1 Victoria Street, Fourth
Floor
Hamilton HM11
Bermuda
(Address of principal executive offices and zip code)
441-294-6350
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
![[ ]](ebox.gif){kind=small}
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Event.
On October 6, 2005, Quanta Capital Holdings Ltd. (the "Company") issued a press release attached hereto as Exhibit 99.1 and incorporated herein by reference commenting upon AM Best's decision to place Quanta Reinsurance Ltd. and its subsidiaries and Quanta Europe Ltd. under review with negative implications and the Company's strategic steps in response to that decision. The Company has determined to take the next few months to conduct an internal analysis of its technical risk property and property reinsurance lines of business and the efficacy of the catastrophe models. Pending the outcome of this analysis, the Company will discontinue the writing of new business in these areas. By this decision, the Company does not intend to discontinue or make changes in certain program businesses, including the Company's Home Buyers' Warranty program, which is reported within the Company's technical risk property insurance line of business.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number Description
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| 99.1 | Quanta Capital Holdings Ltd.'s press release dated October 6, 2005. |
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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Quanta Capital Holdings Ltd. | |||||
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| Date: October 7, 2005 | |
/s/ Tobey J. Russ | ||||
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Tobey J. Russ | |||||
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Chief Executive Officer | |||||
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Index to Exhibits
Exhibit
Number Description
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| 99.1 | Quanta Capital Holdings Ltd.'s press release dated October 6, 2005 |