Last Updated: May 3, 2017
Information on the Proposed Acquisition of Control of Northwestern National Insurance Company of Milwaukee, Wisconsin (NNIC) by Sandell Holdings Limited (Applicant)
On January 18, 2017, the Applicant filed a plan to acquire control of Northwestern National Insurance Company of Milwaukee, Wisconsin, through the purchase of 50% of the issued and outstanding capital stock of SOBC Holdings Limited, the United Kingdom based ultimate parent company, pursuant to the terms and conditions set forth in an agreement to purchase SOBC Holdings Limited's B shares. The A shares of SOBC Holdings Limited, representing 50% of the ownership, will remain with the executive management team, Stephanie Mocatta (through SOBC Ltd.), Richard Whatton (through SOBC Ltd.), Brian Johnston (through Pentland Services LLC), Harry Whitcher and Thomas F. X. Hodson.
Northwestern National Insurance Company of Milwaukee, Wisconsin, is a Wisconsin-domiciled stock property and casualty insurance company. NNIC was incorporated on February 20, 1869, and commenced business on July 1, 1869. It is licensed in nine states, including Wisconsin, and has been in run-off since 1986.
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 Commissioners' Web site at
Form A and Exhibits Filed with the Wisconsin OCI:
Wisconsin OCI Form A Letters:
Responses to Wisconsin OCI Form A Letters:
E-mail to Steve J. Junior, OCI, from Rick Ecklord, Sandell Re, dated February 4, 2017
Form AA - Consent to Jurisdiction Statement by Sandell Holdings Ltd. dated February 6, 2017
E-mail thread between Steven J. Junior, OCI, and Rick Ecklord, Sandell Re, from March 2 to March 16, 2017
E-mail to Steve J. Junior, OCI, from Rick Ecklord, Sandell Re, dated March 19, 2017, together with comments on OCI Recommendation Memo provided by Steven J. Junior, OCI, on March 16, 2017
Wisconsin OCI Recommendation Memorandum: