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
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| Date of Report (Date of Earliest Event Reported): | | January 10, 2006 |
Philadelphia Consolidated Holding Corp.
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(Exact name of registrant as specified in its charter)
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| Pennsylvania | 0-22280 | 23-2202671 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| One Bala Plaza, Suite 100, Bala Cynwyd, Pennsylvania | | 19004 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 610-617-7900 |
Not Applicable
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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))
Item 1.01 Entry into a Material Definitive Agreement.
On January 10, 2006, two of the Company's insurance subsidiaries (Philadelphia Indemnity Insurance Company and Philadelphia Insurance Company) entered into the following agreement, effective January 1, 2006 through December 31, 2006:
• A casualty excess of loss clash reinsurance agreement which in the aggregate provides $18.0 million of coverage excess of $2.0 million. The reinsurer is Swiss Reinsurance America Corporation. The minimum cost of this reinsurance coverage is approximately $1.8 million and could increase based on the level of subject earned premium.
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.
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| | | Philadelphia Consolidated Holding Corp. |
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| January 17, 2006 | | By: | | Craig P. Keller
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| | | | | Name: Craig P. Keller |
| | | | | Title: Executive Vice President, Secretary, Treasurer |
