Amalgamation

SALUS MUTUAL INSURANCE

Howard Mutual Insurance and West Elgin Mutual Insurance proposed amalgamation.

In January of this year, it was announced that the Boards of Howard Mutual Insurance Company, and
West Elgin Mutual Insurance Company had agreed to proceed with the formal process to amalgamate
both companies. On July 18th , 2022, initial regulatory approval to amalgamate was received from FSRA
enabling both companies to seek approval from their policyholders.

As a policyholder of Howard Mutual Insurance, you are the decision makers for the amalgamation and
how you vote will determine whether the amalgamation goes ahead. Amalgamation Packages have been
mailed to all policyholders so now it is up to you to make your decision.

An information sheet outlining the reasons for the proposed amalgamation was included in the mailout,
however a copy of the Business Plan and the By-Law for the amalgamated company were not. Links to
both documents are provided below. You can also obtain a paper copy by contacting our Head Office in
Ridgetown (519-674-5434).

Please note that the deadline for Proxy return is Friday, September 2nd, 2022.

If your preference is to vote in person, a Special General Meeting is being held:

September 7th , 2022
7:00 p.m.

Ridgetown Youth Centre, 30 Ebenezer Street West, Ridgetown

Directors have approved the amalgamation and requested your support. They are available to provide
more information or respond to any questions or concerns you may have.
Jim Clark (Chair) – 519-678-3951
Gerry Sullivan (Vice-Chair)– 519-809-6241
Dan McDonald – 519-678-3869
Darrin Spence – 519-674-5041
Ken Scott – 519-350-7128
Janet Nauta – 519-676-4577
Heidi Wyma – 519-401-9962
Petra Hathaway – 519-521-6077
Michael Ross – 519-359-8755