Proposed Acquisition of National Insurance Company of Wisconsin, Inc.

​Last Updated: June 18, 2019

In the Matter of the Acquisition of Control of National Insurance Company of Wisconsin, Inc., by Wilmington Holdings Corporation and Merger of Wilmington Insurance Company with and into National Insurance Company of Wisconsin, Inc. (Case No. 19-C42958) 

Wilmington Insurance Company filed a Form A filing for the acquisition of control of National Insurance Company of Wisconsin, Inc., by Wilmington Holdings Corporation, and merger of Wilmington Insurance Company with and into National Insurance Company of Wisconsin, Inc., dated November 20, 2018.  The following pre and post-merger transactions are contemplated by the plan for the acquisition of control:

  1. A pre-merger $5.5 million dividend from National Insurance Company of Wisconsin, Inc., to National Services, Inc.;
  2. A name change from National Insurance Company of Wisconsin, Inc. to Wilmington Insurance Company;
  3. Redomestication of National Insurance Company of Wisconsin, Inc. (renamed Wilmington Insurance Company) from Wisconsin to Delaware; and,
  4. The issuance of a Wisconsin nondomestic certificate of authority to National Insurance Company of Wisconsin, Inc. (renamed Wilmington Insurance Company). 

The Delaware Department of Insurance must also approve the plan for the acquisition of control, the merger, and the redomestication before these transactions can be consummated.

Post-merger, the Delaware-domiciled Wilmington Insurance Company intends to provide property and casualty coverage to small and mid-sized businesses, and to a lesser extent, homeowners and automobile insurance, through an orderly and disciplined expansion into the additional states added to its authorized territory as a result of the merger. The existing run-off of long-term care and long-term disability policies will continue to be managed through contracted third-party administrators.


Notations on Accessing Information

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 Commissioner' website at www.naic.org/cis


Filings on November 29, 2018

January 4, 2019

Email from Steven J. Junior, OCI, to David Norton, National Insurance Company of Wisconsin, Inc.; with copies to David Gearson, Wilmington Holdings Corporation; Noreen J. Parrett, Parrett & O'Connell, LLP; Amy Malm, OCI; and Michael Mancusi-Ungaro, OCI, dated January 4, 2019, transmitting letter to David M. Norton, National Insurance Company of Wisconsin, Inc., from Steven J. Junior, OCI, dated January 4, 2019

January 15, 2019

Email to Noreen J. Parrett, Parrett & O'Connell, LLP, from Steven J. Junior, OCI

January 24, 2019

Email to Steven J. Junior, OCI, from Noreen J. Parrett, Parrett & O'Connell, LLP, dated January 24, 2019

January 28, 2019

Notice of Hearing

January 29, 2019

Email to Steven J. Junior, OCI, from Noreen J. Parrett, Parrett & O'Connell, LLP, dated January 29, 2019, with point of clarification concerning the consideration for the acquisition of control of National Insurance Company of Wisconsin, Inc.

February 4, 2019

Email to Noreen J. Parrett, Parrett & O'Connell, LLP, from Steven J. Junior, OCI, dated February 4, 2019, transmitting second draft Case Recommendation Memorandum [CONFIDENTIAL], draft List of Exhibits for Case No. 19-C42958, and waivers for use by the parties

February 5, 2019

Email to Steven J. Junior, OCI, from Noreen J. Parrett, Parrett & O'Connell, LLP, dated February 5, 2019, responding to second draft Case Recommendation Memorandum, draft List of Exhibits for Case No. 19-C42958, and waivers for use by the parties

Case Recommendation Memorandum for Case No. 19-C42958, dated February 4, 2019

February 7, 2019

Proposed Decision

February 8, 2019

Cover Letter and Final Decision