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THE 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) July 28, 2004
ACE SECURITIES CORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 333-110039 56-2088493
(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
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OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
6525 Morrison Blvd.,
Suite 318
Charlotte, North
Carolina 28211
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(ADDRESS OF PRINCIPAL (ZIP CODE)
EXECUTIVE OFFICES)
Registrant's telephone number, including area code, is (704) 365-0569.
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Item 5. Other Events.
The consolidated balance sheets XL Capital Assurance Inc. and
Subsidiaries as of December 31, 2003 and December 31, 2002 and the
related consolidated statements of income, changes in shareholder's
equity and cash flows for each of the three years in the period ended
December 31, 2003, incorporated in the prospectus supplement dated July
28, 2004 have been incorporated in reliance on the report of
Pricewaterhouse Coopers LLP, independent registered public accounting
firm, given on the authority of that firm as experts in accounting and
auditing.
The consolidated balance sheets of XL Financial Assurance Ltd.
as of December 31, 2003 and December 31, 2002 and the related
consolidated statements of income, changes in shareholder's equity and
cash flows for each of the three years in the period ended December 31,
2003, incorporated in the prospectus supplement dated July 28, 2004,
have been incorporated in reliance on the report of Pricewaterhouse
Coopers LLP, an independent registered public accounting firm, given on
the authority of that firm as experts in accounting and auditing.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) FINANCIAL STATEMENTS.
Not applicable.
(b) PRO FORMA FINANCIAL INFORMATION.
Not applicable.
(c) EXHIBITS
ITEM 601(a) OF
REGULATION S-K
EXHIBIT NO. EXHIBIT NO. DESCRIPTION
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1 99.1 Consent of Pricewaterhouse Coopers LLP,
an independent registered public
accounting firm, independent auditors
of XL Capital Assurance Inc. with
respect to the Home Equity Loan Trust,
Series 2004-RM1, Asset Backed
Pass-Through Certificates.
2 99.2 Consent of Pricewaterhouse Coopers LLP,
an independent registered public
accounting firm, independent auditors
of XL Financial Assurance Ltd. with
respect to the Home Equity Loan Trust,
Series 2004-RM1, Asset Backed
Pass-Through Certificates.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
ACE SECURITIES CORP
By: /s/ Douglas K. Johnson
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Name: Douglas K. Johnson
Title: President
By: /s/ Evelyn Echevarria
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Name: Evelyn Echevarria
Title: Vice President
Dated: July 30, 2004
EXHIBIT INDEX
Item 601(a) of Sequentially
Regulation S-K Numbered
Exhibit Number Exhibit No. Description Page
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1 99.1 Independent Auditors' 6
Consent
2 99.2 Independent Auditors' 7
Consent