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| Information on Insurance Company Mergers, Acquisitions and Conversions |
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Information on the Proposed Acquisition of Control of On July 25, 2006, AXA, a French stock corporation, and certain related entities (together with AXA, the Applicants), filed a plan to acquire control of the above-referenced domestic insurers by purchasing a 100% of the capital stock of Winterthur Schweizerische Versicherungs-Gesellschaft (Winterthur), a Swiss corporation. Winterthur is a wholly owned direct subsidiary of Credit Suisse Group (the Seller), also a Swiss corporation, which is the ultimate parent of the domestic insurers. Winterthur owns 100% of the domestic insurers through its wholly owned direct subsidiary Winterthur U.S. Holdings, Inc., a Delaware corporation (WUSH), which acts as the holding company for Winterthur's U.S. operations. The total consideration for the Acquisition consists of a cash purchase price of CHF 12.3 Billion (U.S. $9.95 billion) and the repayment by the Applicants of approximately CHF 1.6 billion (U.S. $1.29 billion) of certain outstanding inter-company debt of Winterthur. The plan of acquisition filed by AXA, along with all pertinent correspondence and statutorily required information, will be placed in this section of OCI's Web site. As required by law, OCI will hold a public hearing concerning this application for acquisition of control. The time of the hearing has not yet been scheduled. Review of the application is continuing. Notations on Accessing Information You will need an Adobe Acrobat Reader to view or print the material listed below, which you can download at no cost from Adobe. Forms and other documents filed by AXA with the U.S. Securities and Exchange Commission (hereinafter also, SEC) may be accessed on that federal agency's Web site at http://www.sec.gov. Financial information concerning individual insurance companies, including key annual statement pages, may be accessed on the Consumers Information Source section of the National Association of Insurance Commissioners' Web site at http://www.naic.org/cis/. Application Material Filed on July 25, 2006
Letter from OCI dated September 21, 2006 Response dated October 5, 2006
Hearing Notice dated November 16, 2006 OCI Recommendation Pre-Filed Written Testimony List of Exhibits Final Decision |
| Updated: December 11, 2006 |
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