Proposed Acquisition of Bowhead Insurance Company, Inc., by Bowhead Holdings, Inc.

Last Updated 7/16/2021

Information on the Proposed Acquisition of Bowhead Insurance Company, Inc., by Bowhead Holdings, Inc.

This Form A Statement concerns the proposed acquisition of Bowhead Insurance Company, Inc. (“Bowhead Insurance", “Domestic") by Bowhead Holdings, Inc. (“Bowhead Holdings", “Applicant").  Both entities are wholly-owned subsidiaries of Bowhead Insurance Holdings LP (“Parent").  The Domestic company was created in 2020 and licensed by OCI in 2021.  The Applicant company was formed on May 26, 2021 as a Delaware corporation for tax purposes, in order to file consolidated tax returns.  This is a relatively simple transaction due to the nature of the change in the organizational structure and lack of planned changes to operations after completion of the acquisition.

The filing is subject to 611.72 (3m), Wis. Stat., which does not require a hearing for a proposed plan of merger or other plan for acquisition of control between affiliates.  The transactions proposed in the Form A were approved on July1, 2021.

The Applicant filed the following documents with the OCI on June 4, 2021:

• Letter to Mark McNabb, OCI, from Johnathan D. Kantor, Bowhead Insurance Company, Inc.

• Form A Statement Regarding the Acquisition of Control or Merger with a Domestic Insurer dated June 4, 2021

• Parent Resolutions and Approving Contribution

• Pre- and Post-Acquisition Organizational Charts

• Biographical Affidavits [CONFIDENTIAL]

• Tax Allocation Agreement [CONFIDENTIAL]

• Service Agreement [CONFIDENTIAL]

• Domestic Insurer's Business Plan [CONFIDENTIAL]

Proposed Decision 

• Recommendation Memorandum to Amy J. Malm, Administrator of the Division of Financial Regulation, and Mark McNabb, Company Licensing and Analytics Supervisor, from Christopher Martin, Insurance Financial Examiner – Advanced, dated June 28, 2021.

Final Decision

• Form A approval letter dated July 1, 2021