-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PLi5T5R+/RdhYaZiHFjwSlizzk8qwDNIZ0mUDF/eF1L3bwKeIBBWaJgAj1EptvX2 GNFI9Y0TNOgTt5CD9EnCUA== 0000893220-05-000622.txt : 20050318 0000893220-05-000622.hdr.sgml : 20050318 20050318151511 ACCESSION NUMBER: 0000893220-05-000622 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050316 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050318 DATE AS OF CHANGE: 20050318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PHILADELPHIA CONSOLIDATED HOLDING CORP CENTRAL INDEX KEY: 0000909109 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 232202671 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22280 FILM NUMBER: 05691518 BUSINESS ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: WYNNEWOOD STATE: PA ZIP: 19004 BUSINESS PHONE: 6106428400 MAIL ADDRESS: STREET 1: ONE BALA PLAZA STREET 2: SUITE 100 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: MAGUIRE HOLDING CORP DATE OF NAME CHANGE: 19930714 8-K 1 w06754e8vk.htm FORM 8-K PHILADELPHIA CONSOLIDATED HOLDING CORP. e8vk
 

 
 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): March 16, 2005

Philadelphia Consolidated Holding Corp.

(Exact Name of Registrant as Specified in Charter)
         
Pennsylvania   0-22280   23-2202671
 
(State or Other Jurisdiction
of Incorporation) 		  (Commission
File Number) 		  (IRS Employer’
Identification No.)
     
One Bala Plaza, Suite 100, Bala Cynwyd, PA   19004
 
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (610) 617-7900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

 

ITEM 1.01. Entry Into A Material Definitive Agreement

The Company’s insurance subsidiaries (Philadelphia Indemnity Insurance Company, Philadelphia Insurance Company, Mobile USA Insurance Company and Liberty American Insurance Company) entered into on March 16, 2005, a Casualty Excess of Loss Reinsurance agreement effective January 1, 2005 through January 1, 2006. This agreement covers certain loss occurrences arising from coverage such as various types of fidelity, professional liability and/or fiduciary risk. This agreement provides $10.0 million of coverage excess of $1.0 million. The participating reinsurers are ACE Tempest Re US, Allied World Assurance Company, Ltd., Liberty Mutual Insurance Company and Max Re Ltd. The minimum cost of this reinsurance coverage is approximately $47.2 million and could increase based on the level of earned premium subject to this agreement.

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  Philadelphia Consolidated Holding Corp.
(Registrant)
 		  
Dated: March 18, 2005  By:   Craig P. Keller    
    Craig P. Keller   
    Executive Vice President, Secretary, Treasurer
and Chief Financial Officer 		  
 

 

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