said yesterday.

The offer to extend the 7.875 senior notes for a like amount of 7.875 percent senior sinking notes now expires on August 4 instead of July 21.

On June 12, Home Holdings Inc. announced the completion of its tender offer for all its issued and outstanding shares.

The tender was in connection with the recapitalisation of Home Holdings by The Zurich Insurance Group and Trygg-Hansa AB, according to the Home Holdings release provided by Zurich Reinsurance Centre Holdings, Inc. (ZRC).

The Zurich group and Trygg Hansa, a Stockholm-based property casualty insurer, earlier this year completed a takeover of Home Holdings.

Risk Enterprise Management Ltd. (REM), a majority-owned subsidiary of the Zurich group, will run off Home Insurance Company's liabilities.

ZRC, 58 percent owned by Bermuda-based Zurich Centre Investments Ltd. and 42 percent publicly-held, through its operating subsidiary, is the principal underwriting affiliate of Zurich Insurance Company in the North America market.