Wash. Sets Hearing for Purchase of Unigard Insurers

Washington’s Office of the Insurance Commissioner has scheduled a May 29, 2007, hearing in Tumwater, Wash., to consider an Austrialian group’s request to purchase three Washington-based property and casualty insurance companies.

QBE Insurance Group Ltd., an Australian corporation, and its subsidiary, QBE Holdings Inc., of Delaware, have filed a request to purchase Unigard Insurance Co., Unigard Indemnity Co., and Unigard Pacific Insurance Co., all of Bellevue, Wash.

The three companies are wholly owned subsidiaries of Winterthur US Holdings. Inc., a wholly owned subsidiary of AXA, a French holding company.

The hearing to consider the request will be held at 10 a.m. in the agency’s Tumwater office at 5000 Capitol Blvd.

Questions may be addressed to Ron Pastuch, the agency’s holding company manager at 360-725-7211. Any objections, concerns or requests to participate in the proceedings should be directed to Wendy Galloway at 360-725-7002.

Source: DOI