EXHIBIT 15
                                           
                                           
                                ACKNOWLEDGMENT LETTER
                                           
                                           
To the Stockholders and Board of Directors
NAC Re Corporation


We are aware of the incorporation by reference in the Registration Statements
(Form S-8 No. 33-25585 and Form S-8 No. 33-77494) pertaining to the NAC Re Corp.
Employee Stock Purchase Plan, in the Registration Statement (Form S-8 No.
33-27745) pertaining to the NAC Re Corp. 1989 Stock Option Plan, in the
Registration Statement (Form S-8 No. 7813) pertaining to the NAC Re Corp. 1985
and 1986 Stock Option Plans, in the Registration Statements (Form S-8 No.
33-22841 and Form S-8 No. 333-03935) pertaining to the NAC Re Corp. Employee
Savings Plan, in the Registration Statement (Form S-8 No. 33-22841) pertaining
to the NAC Re Corp. Director's Stock Option Plan, in the Registration Statement
(Form S-8 No. 33-77492) pertaining to the NAC Re Corp. Director's Stock Option
Plan, and in the Registration Statement (Form S-8 No. 33-77114) pertaining to
the NAC Re Corp. 1993 Stock Option Plan of our report dated October 22, 1996,
relating to the unaudited consolidated interim financial statements of NAC Re
Corporation which is included in its Form 10-Q for the quarter ended September
30, 1996.

Pursuant to Rule 436(c) of the Securities Act of 1933, our report is not a part
of the registration statement prepared or certified by accountants within the
meaning of  Sections 7 or 11 of the Securities Act of 1933.





New York, New York                                    ERNST & YOUNG LLP
October 22, 1996
                                                                                








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