Merger of Yorkville and Mt. Pleasant Mutual Insurance Company With and Into Mutual of Wausau Insurance Corporation

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

​Information on the Proposed Merger of Yorkville and Mt. Pleasant Mutual Insurance Company with and into Mutual of Wausau Insurance Corporation

On July 17, 2023, Mutual of Wausau Insurance Corporation (MWIC), a 611 mutual insurer, filed a statement on behalf of the Applicants.  MWIC along with Yorkville and Mt. Pleasant Insurance Company (YMPMIC), a 612 town mutual insurer, intend that YMPMIC will merge with and into MWIC.  After the merger, in accordance with the agreement and plan of merger, YMPMIC will cease to exist, and the surviving entity would be MWIC.

The Applicant filed the follwing documents with OCI:

• Transmittal Letter
  
• Agreement and Plan of Merger 
  
• Summary of Agreement and Plan of Merger 
  
• A certified resolution of the YMPMIC Board of Directors approving the Merger and establishing a tentative date for the special meeting of policyholders
  
• A certified resolution of the MWIC Board of Directors approving the Merger
  
• The form of Certificate of Assumption which MWIC proposes to send to all YMPMIC policyholders after the effective date of the merger
  
• A listing of MWIC's current directors and officers which will be the directors and officers of the surviving entity
  
• Unaudited financial statements for YMPMIC as of March 31, 2023 [CONFIDENTIAL]
  
• MWIC's financial statements for the quarter ended March 31, 2023 and December 31, 2022
  
• A proposed Notice of Special Policyholder Meeting to be sent to YMPMIC policyholders with the notice of special policyholder meeting 
  
• Proposed policyholder resolution ballots 
  
• Additional statement from the YMPMIC Board of Directors to be sent to the YMPMIC policyholders regarding the merger 
  

Policyholder Vote Documents

• YMPMIC Merger Voting Report
  

Decision Documents

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