Pursuant to D.C. Official Code §§ 31-901 et seq. (“Demutualization Act”), Amalgamated Casualty Insurance Company (“Amalgamated” or the “Applicant”), whose main administrative office is located at 8401 Connecticut Ave., Suite 300, Chevy Chase, MD 20815, proposes to reorganize itself by converting from a mutual company to stock company. This reorganization will consist of the following:
(a) Amalgamated will convert from a mutual insurance company into a stock insurance company through an amendment to its Articles of Incorporation.
(b) A new stock holding company named Amalgamated Specialty Group Holdings, Inc. (“HoldCo”) has been formed to serve as the parent corporation of Amalgamated after Amalgamated is converted to stock form.
(c) HoldCo will be owned by shareholders and will engage in an offer of its common stock to Amalgamated’s policyholders and other investors.
To accomplish the reorganization, and as required by the Demutualization Act, Amalgamated has submitted an application requesting that the Commissioner approve its plan of demutualization.
Provided on this webpage are links to Amalgamated’s application, the materials and documents submitted in support thereof, including Amalgamated’s plan of demutualization, and any additional information that will become part of the administrative record. In addition, any notices, orders or other documents or information issued by the Commissioner or prepared by the Department staff as a part of Commissioner’s review will also be posted on this webpage.
Administrative Record
Applicant Exhibits
Applicant Exhibit 1
Applicant Exhibit 2
Applicant Exhibit 2A
Applicant Exhibit 2B
Applicant Exhibit 2C
Applicant Exhibit 2D
Applicant Exhibit 2E
Applicant Exhibit 2F
Applicant Exhibit 2G
Applicant Exhibit 3
Applicant Exhibit 4
Applicant Exhibit 4B
Applicant Exhibit 4C
Applicant Exhibit 5
Applicant Exhibit 5B
Applicant Exhibit 6A
Applicant Exhibit 7
Applicant Exhibit 8
Applicant Exhibit 9
Applicant Exhibit 10
Applicant Exhibit 11
Applicant Exhibit 12A
Applicant Exhibit 12B
Applicant Exhibit 12C
Applicant Exhibit 12D
Applicant Exhibit 13
Applicant Exhibit 14
Applicant Exhibit 15
Applicant Exhibit 16
Department Exhibits
Mutual Capital Investment Fund Exhibits
MCIF Exhibit 1 - MCIF Form A
MCIF Exhibit 2 Item A - Directors & Executive Officers of MCG
MCIF Exhibit 2 Item B 1 of 5 - 2016 Audited FS of Tuscarora Wayne Mutual Group
MCIF Exhibit 2 Item B 2 of 5 - 2017 Audited FS of Tuscarora Wayne Mutual Group
MCIF Exhibit 2 Item B 3 of 5 - 2018 Audited FS of Tuscarora Wayne Mutual Group
MCIF Exhibit 2 Item B 4 of 5 - 2019 Audited FS of Tuscarora Wayne Mutual Group
MCIF Exhibit 2 Item B 5 of 5 - 2020 Audited FS of Mutual Capital Group
MCIF Exhibit 2 Item C - 2016-2020 Internal Control Letters of MCG Insurance Subsidiaries
MCIF Exhibit 2 Item D - 2021 ASGH Stock Incentive Plan
MCIF Exhibit 2 Item E - ASGH Ten Year Business Plan
MCIF Exhibit 2-A
MCIF Exhibit 2-B-1
MCIF Exhibit 2-B-2
MCIF Exhibit 2-B-3
MCIF Exhibit 2-B-4
MCIF Exhibit 2-B-5
MCIF Exhibit 2-C-1
MCIF Exhibit 2-C-2
MCIF Exhibit 2-C-3
MCIF Exhibit 2-C-4
MCIF Exhibit 2-C-5
MCIF Exhibit 2-C-6
MCIF Exhibit 2-C-7
MCIF Exhibit 2-C-8
MCIF Exhibit 2-C-9
MCIF Exhibit 2-C-10
MCIF Exhibit 2-C-11
MCIF Exhibit 2-C-12
MCIF Exhibit 2-C-13
MCIF Exhibit 2-C-14
MCIF Exhibit 2-C-15
MCIF Exhibit 2-D
MCIF Exhibit 3 - Unaudited Financial Statements of MCG as of 09.30.2021