On October 15, 2020, the Oklahoma County District Court for the State of Oklahoma, issued its Judgement and Order of Approval and Implementation of the Insurance Business Transfer Plan (“IBT Plan”) (“Order”) filed by Providence Washington Insurance Company (“PWIC”), applicant and the transferring insurer and Yosemite Insurance Company, the assuming insurer (“Yosemite”). This transfer between PWIC and Yosemite is the first insurance business transfer approved under Oklahoma’s Insurance Business Transfer Act.1 PWIC and Yosemite are affiliates; both are members of Enstar Group Limited.
