By the Division of Insurance


Posted on: October 18, 2016 at 8:30 a.m.

IN THE MATTER OF THE ACQUISITION OF CONTROL OF UNITED CASUALTY AND SURETY INSURANCE COMPANY BY GENERAL INDEMNITY GROUP LLC

Docket Number F2016-01

NOTICE OF HEARING

Pursuant to M.G.L. c. 175, §206B, an application has been made to the Massachusetts Commissioner of Insurance (the “Commissioner”) by General Indemnity Group LLC, a Delaware holding company (the “Applicant”), for approval of a proposed acquisition of control of United Casualty and Surety Insurance Company (“UCS”), a Massachusetts-domiciled property and casualty insurance company. The Applicant proposes to acquire control of UCS by the purchase of all of the issued and outstanding stock of UCS.

The Commissioner will conduct a public hearing pursuant to M.G.L. c. 175, §206B to determine whether to approve the proposed acquisition of control.  The hearing will commence at 10:00 a.m. on November 15, 2016, at the Offices of the Division of Insurance, Hearing Room 1-E, 1000 Washington Street, Boston, Massachusetts 02118-6200.  Documents filed in connection with this proposed acquisition of control are available for public inspection at the Division of Insurance, 1000 Washington Street, Suite 810, Boston, Massachusetts 02118-6200.

The purpose of this hearing is to afford those persons identified in M.G.L. c. 175, §206B(d)(2) the opportunity to present evidence, to examine and cross-examine witnesses, to offer oral and written arguments and to conduct discovery proceedings.  Any discovery proceedings shall be concluded no later than November 14, 2016.

Any person identified in M.G.L. c. 175, §206B(d)(2) who wishes to participate in the November 15, 2016 hearing must submit, on or before November 9, 2016, a written Notice of Intent to Participate, setting forth the statutory basis for their participation.  The Notice of Intent to Participate must specify the basis for the asserted interest in the proposed acquisition of control, if applicable, as well as whether the person intends to make an oral statement, present evidence, examine or cross-examine witnesses or engage in discovery.

If the Commissioner determines that a person’s interest may be affected by the proposed acquisition of control, that person may participate at the hearing following presentations by the Applicant, UCS and before any other person the Commissioner may recognize at the hearing.  The length of any oral statements, presentations of evidence or examination of witnesses, may be limited at the discretion of the Commissioner.  Written statements may be submitted at any time prior to the conclusion of the hearing.

All submissions, including the Notice of Intent to Participate, must refer to Docket No. F2016-01 and may be sent either  by post addressed to: Docket Clerk, Hearings and Appeals, Division of Insurance, 1000 Washington Street, Suite 810, Boston, Massachusetts 02118-6200, or by electronic mail to doidocket.mailbox@state.ma.us.

Dated:  October 17, 2016

                                                                       

                                                                                    ________________________________

                                                                                    Daniel R. Judson

                                                                                    Commissioner of Insurance