Merger of Bristol Town Insurance Company With and Into Forward Mutual Insurance Company

​​​​​​​​Last Updated: October 30, 2023​

Information on the Proposed Merger of Bristol Town Insurance Company with and into Forward Mutual Insurance Company

On August 11, 2023, Bristol Town Insurance Company (Bristol Town), a 612 town mutual insurer, filed a statement on behalf of the Applicants.  Bristol Town, along with Forward Mutual Insurance Company (Forward Mutual), a 611 mutual insurer, intend that Bristol Town will merge with and into Forward Mutual.  After the merger, in accordance with the agreement and plan of merger, Bristol Town will cease to exist, and the surviving entity would be Forward Mutual.​

The Applicant filed the following documents with OCI:

• Transmittal Letter
  
• A certified resolution of the Bristol Town Board of Directors approving the Merger and establishing a tentative date for the special meeting of policyholders ​
  
• Certified resolution of the Forward Mutual Board of Directors approving the Merger​
  
• The executed agreement and plan of merger, including the following exhibits:
  
• The current articles of incorporation of Forward Mutual which will be the articles of incorporation of the surviving entity
  
• The current bylaws of Forward Mutual which will be the bylaws of the surviving entity 
  
• The form of Certificate of Assumption which Forward Mutual proposes to send to all Bristol Town policyholders after the effective date of the merger 
  
• A listing of Forward Mutual's current directors and officers which will be the directors and officers of the surviving entity
  
• A proposed Notice of Special Policyholder Meeting to be sent to the Bristol Town policyholders
  
• A proposed summary of the Merger to be sent to the Bristol Town policyholders with the Notice of Special Policyholder Meeting
  
• Proposed policyholder resolution ballots to be presented at the special meeting and to policyholders via mail pursuant to Wis. Stat. 612.12(4)(c)
  
• The proposed report of policyholder vote to be submitted to the OCI following the special meeting
  
• 2022 annual statement of Bristol Town
  
• 2022 annual statement of Forward Mutual
  
• Forward Mutual's quarterly statement for the quarter ended June 30, 2023 
  

Policyholder Vote Documents

• Bristol Town Merger Voting Report
  

Decision Documents

• Recommendation Memo
  
• Approval Letter​
  
• Vote Certification Confirmation Letter​