UNITED
STATES
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)
|
January
3, 2012 (December 31, 2011)
|
SELECTIVE INSURANCE GROUP,
INC.
|
(Exact
name of registrant as specified in its
charter)
|
New Jersey
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001-33067
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22-2168890
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(State
or other jurisdiction of
incorporation)
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(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
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40 Wantage Avenue, Branchville, New
Jersey
|
07890
|
(Address
of principal executive offices)
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(Zip
Code)
|
Registrant’s
telephone number, including area code
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(973)
948-3000
|
Not Applicable
|
(Former
name or former address, if changed since last
report.)
|
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section
7 – Regulation FD
Item
7.01. Regulation
FD Disclosure.
On
September 20, 2011 Selective Insurance Group, Inc., a corporation organized
under the laws of the State of New Jersey (“Selective”) announced that it had
agreed to acquire from Montpelier Re U.S. Holdings Ltd., a Delaware corporation
(“Seller”), all of the issued and outstanding shares of common stock of
Montpelier U.S. Insurance Company, a stock property and casualty insurance
company domiciled in the State of Oklahoma (“MUSIC”).
On
December 31, 2011 Selective completed the acquisition of MUSIC and entered into
certain ancillary agreements with Seller and certain of their respective
affiliates. In addition, Montpelier Reinsurance Ltd., a Class 4
insurer organized under the laws of Bermuda and an affiliate of Seller
(“Montpelier Re”) and MUSIC entered into several reinsurance agreements that
indemnify Selective for any adverse loss development and any other obligations
of MUSIC that relate to business written on or prior to December 31,
2011. The reinsurance obligations of Montpelier Re are collateralized
through a trust arrangement for the benefit of MUSIC.
The
information contained in this report on Form 8-K is being furnished and shall
not be deemed “filed” for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that
section, nor shall it be deemed incorporated by reference in any filing under
the Securities Act of 1933, as amended, except as shall be expressly set forth
by specific reference in such filing. Selective makes no admission as
to the materiality of any information in this report.
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.
SELECTIVE INSURANCE GROUP, INC. | |||
Date: January
3, 2012
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By:
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/s/ Michael H. Lanza
|
|
Michael
H. Lanza
|
|||
Executive
Vice President and General Counsel
|