News
News release
September 1, 2009
Wyalusing, Pennsylvania
The Tuscarora Wayne Mutual Group, Inc. Board of Directors announces a merger between its two subsidiaries, Tuscarora Wayne Insurance Company, Wyalusing, Pennsylvania, and Washington Fire and Storm Insurance Company, Falls Creek, Pennsylvania, with Tuscarora Wayne Insurance Company being the surviving entity. President and Chief Executive Officer Jay W. Chadwick commented, "The purpose of the merger is to create a stronger, more efficient company which will allow us to better serve our policyholders. Upon completion of the merger, policyholders of Washington Fire and Storm Insurance Company will automatically become policyholders of Tuscarora Wayne Insurance Company and will continue a membership interest in Tuscarora Wayne Mutual Group, Inc."
It is anticipated that the transaction, which is subject to regulatory approvals, will be completed by yearend 2009.
Tuscarora Wayne Mutual Group, Inc. is a mutual holding company and the ultimate parent of Tuscarora Wayne Insurance Company and Washington Fire and Storm Insurance Company.
Tuscarora Wayne Insurance Company is a property and casualty stock insurance company incorporated in 1874. The Company is licensed in the Commonwealth of Pennsylvania and Ohio and is rated A+ (Superior), Financial Size Category VI, by A.M. Best Company, the leading provider of ratings, news, and financial data for the insurance industry worldwide.
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