1278 Application for approval to acquire control  

  • INSURANCE DEPARTMENT

    Application for Approval to Acquire Control

    [35 Pa.B. 3740]

       Eastern Insurance Holdings, Inc., a Pennsylvania domiciled corporation, has filed an application to acquire control of the following Pennsylvania domiciled insurers: Eastern Alliance Insurance Company and Allied Eastern Indemnity Company. The acquisition of control is proposed to be achieved through the merger of Eastern Holding Company, Ltd., a Cayman Island business corporation, with and into a newly formed acquisition subsidiary of Eastern Insurance Holdings, Inc. which will be the survivor of the merger transaction. Eastern Alliance Insurance Company and Allied Eastern Indemnity Company are both indirect, wholly owned subsidiaries of Eastern Holding Company, Ltd. The initial filing was received on June 13, 2005, and was made under the Insurance Holding Companies Act (40 P. S. §§ 991.1401--991.1413).

       Persons wishing to comment on the grounds of public or private interest in this merger are invited to submit a written statement to the Insurance Department (Department) within 30 days from the date of publication of this notice in the Pennsylvania Bulletin. Written statements must include the name, address and telephone number of the interested party, identification of the application to which the statement is addressed and a concise statement with sufficient detail and relevant facts to inform the Department of the exact basis of the statement. Written statements should be directed to Cressinda Bybee, Company Licensing Division, Insurance Department, 1345 Strawberry Square, Harrisburg, PA 17120, fax (717) 787-8557, cbybee@ins.state.pa.us.

    M. DIANE KOKEN,   
    Insurance Commissioner

    [Pa.B. Doc. No. 05-1278. Filed for public inspection July 1, 2005, 9:00 a.m.]

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