Proposed Acquisition of Control of Blue Ridge Indemnity Company by LOTS Intermediate Co.

Last Updated: March 12, 2021

Information on the Proposed Acquisition of Control of Blue Ridge Indemnity Company (Blue Ridge)
by LOTS Intermediate Co. (Applicant)

On January 18, 2017, the Applicant filed a plan to acquire control of Blue Ridge Indemnity Company, pursuant to the terms and conditions set forth in the Stock Purchase Agreement by and between General Casualty Company of Wisconsin (Seller) and LOTS Intermediate Co. (Purchaser).

Blue Ridge Indemnity Company is a Wisconsin-domiciled property and casualty insurance company that was incorporated in 1981 and is currently licensed in six states. Blue Ridge is a wholly owned subsidiary of General Casualty Company of Wisconsin and a member of the QBE insurance group.

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/.

Form A and Exhibits, Filed with the Wisconsin OCI on January 18, 2017

• Exhibit 1: Form A Cover Letter (dated January 18, 2017)
• Exhibit 2: Form A - Acquisition of Control of Blue Ridge Indemnity Company
  • Exhibit A: Draft Stock Purchase Agreement
  • Exhibit B: Pre-Acquisition Organizational Chart
  • Exhibit C: Post-Acquisition Organizational Chart
  • Exhibit D: Directors and Officers
  • Exhibit E: Biographical Affidavits [REDACTED]
  • Exhibit F: Plan of Operations [REDACTED]
  • Exhibit G: Articles and Bylaws
  • Exhibit H: Administrative Services Agreement
        Exhibit H-1: Revised Administrative Services Agreement
  • Exhibit I: Reinsurance Agreement
        Exhibit I-1: Revised Reinsurance Agreement
  • Exhibit J: Tax-Sharing Agreement
  • Exhibit K: Statement of Investment Policy
  • Exhibit L: Financial Pro Forma  [REDACTED]
  • Exhibit M: Audited Financial Statements
  • Exhibit N: Board Resolution for GCW
  • Exhibit O: Board Resolution for LOTS
  • Exhibit P: Form E [Redacted]

Wisconsin OCI Form A Follow-up Correspondence and Company Responses

• Exhibit 3: OCI Follow-up Letter and E-mails
• Exhibit 4: Applicant's Response

Hearing Documents

• Exhibit 5: Notice of Hearing - Case No. 17-C41750
• Exhibit 6: List of Hearing Exhibits - Case No. 17-C41750
• Exhibit 7: Waiver of Right to Object
• Exhibit 8: OCI Recommendation Memo

Hearing Documents

• Proposed Decision
• Exhibit 9: Final Decision - Case No. 17-C41750