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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt">Registration No.&nbsp;333-______</DIV>

<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>

<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM S-8</B>


<DIV align="center" style="font-size: 12pt"><B>Registration Statement<BR>
under<BR>
The Securities Act of 1933</B>
</DIV>


<P align="center" style="font-size: 21pt"><B>PHILADELPHIA CONSOLIDATED HOLDING CORP.</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="center" color="#000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Pennsylvania
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">23-2202671</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 2px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of<BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">One Bala Plaza, Suite&nbsp;100, Bala Cynwyd, Pennsylvania
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">19004</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="3" valign="top" align="left" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">Philadelphia Consolidated Holding Corp.<BR>
Amended and Restated Employees&#146; Stock Incentive<BR>
and Performance Based Compensation Plan<BR>
(effective as of March&nbsp;30, 2005)


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="46%" align="center" color="#000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Full title of the plan)</DIV>



<P align="center" style="font-size: 10pt">Mr.&nbsp;James J. Maguire, Jr.<BR>
Chief Executive Officer<BR>
or<BR>
Mr.&nbsp;Craig P. Keller, Secretary<BR>
Philadelphia Consolidated Holding Corp.<BR>
One Bala Plaza, Suite&nbsp;100<BR>
Bala Cynwyd, Pennsylvania 19004


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="46%" align="center" color="#000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Name and address of agent for service)</DIV>



<P align="center" style="font-size: 10pt">(610)&nbsp;617-7900


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="100%" align="center" color="#000000"></DIV>


<DIV align="center" style="font-size: 10pt">(Telephone number, including area code, of agent for service)</DIV>



<P align="center" style="font-size: 10pt">Copies to:<BR>
Michael M. Sherman, Esquire<BR>
Wolf, Block, Schorr and Solis-Cohen LLP<BR>
1650 Arch Street &#151; 22<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor<BR>
Philadelphia, PA 19103-2097<BR>
(215)&nbsp;977-2236<BR>
FAX: (215)&nbsp;977-2334



<P align="center" style="font-size: 10pt"><B>CALCULATION OF REGISTRATION FEE</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>

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<TR style="font-size: 1px">
    <TD colspan="9" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
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</TABLE>
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Proposed</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"> Title of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount of</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center">Securities to be</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Amount to be</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Aggregate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Registration</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"> Registered</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Registered (1) (2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Per Share (3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Offering Price</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">Fee</TD>
    <TD>&nbsp;</TD>
</TR>

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<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Common Stock,
No par value</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">750,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">81.89</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">61,417,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,228.84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(1)&nbsp;&nbsp;</TD>
    <TD>Pursuant to Rule&nbsp;416 under the Securities Act of 1933, as amended, this registration
statement also covers such additional shares as may hereafter be offered or issued pursuant to
the Philadelphia Consolidated Holding Corp. Amended and Restated Employees&#146; Stock Incentive
and Performance Based Compensation Plan (effective as of March&nbsp;30, 2005) (the &#147;Pan&#148;) to
prevent dilution resulting from stock splits, stock dividends, recapitalizations or certain
other capital adjustments.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(2)&nbsp;&nbsp;</TD>
    <TD>In accordance with Instruction E to Form S-8, an aggregate of 1,176,142 additional unsold shares issuable under the Plan, with associated, previously paid filing fees in the amount of
$8,479.08, are being carried forward from a previously filed Registration Statement on Form
S-8 (Registration Statement Number 333-115375).</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">(3)&nbsp;&nbsp;</TD>
    <TD>Estimated pursuant to Rule 457(c) and (h)&nbsp;under the Securities Act of 1933 solely for the
purpose of calculating the registration fee, based on the average of the high and low prices
per share of Philadelphia Consolidated Holdings Corp.&#146;s common stock reported on the Nasdaq
National Market on June&nbsp;7, 2005.</TD>
</TR>

</TABLE>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>








<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
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	<TD width="3%"></TD>
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	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item 3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item 4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item 5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item 6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item 7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item 8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item 9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES AND POWER OF ATTORNEY</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="w09873exv5.htm">Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP</A></TD></TR>
<TR><TD colspan="9"><A HREF="w09873exv23w1.htm">Consent of PricewaterhouseCoopers LLP</A></TD></TR>
</TABLE>
</CENTER>
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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>






<!-- link1 "PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt">PART I<BR>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information required by Part&nbsp;I of Form S-8 will be included in documents to be sent or given
to participants in the Philadelphia Consolidated Holding Corp. Amended and Restated Employees&#146;
Stock Incentive and Performance Based Compensation Plan (effective as of March&nbsp;30, 2005) pursuant
to Rule&nbsp;428(b)(1)(i) under the Securities Act of 1933, as amended.

<!-- link1 "PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt">PART II<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


<!-- link2 "Item 3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed with the Securities and Exchange Commission (the &#147;Commission&#148;)
by the registrant are incorporated by reference in this registration statement:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>the registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31,
2004;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>the registrant&#146;s Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>the registrant&#146;s Current Reports on Form 8-K filed with the Commission on January&nbsp;5,
2005, January&nbsp;28, 2005, February&nbsp;9, 2005, February&nbsp;15, 2005, February&nbsp;16, 2005, and
March&nbsp;18, 2005, each of the registrant&#146;s two Current Reports on Form 8-K filed with the
Commission on April&nbsp;29, 2005, and the registrant&#146;s Current Reports on Form 8-K filed
with the Commission on May&nbsp;23, 2005 and June&nbsp;9, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>the description of the registrant&#146;s common stock, no par value, contained in the
registrant&#146;s registration statement on Form&nbsp;8A/A, dated September&nbsp;13, 1993, including
any subsequent amendments or reports filed for the purpose of updating that
description; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>all documents subsequently filed by the registrant pursuant to Sections&nbsp;13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been
sold or which deregisters all securities offered hereby then remaining unsold, which
shall be deemed to be incorporated herein by reference and to be a part hereof from the
date of filing of such document.</TD>
</TR>

</TABLE>

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<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of Securities.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item 5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">II-1
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item 6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subchapter D (Sections&nbsp;1741 through 1750) of Chapter&nbsp;17 the Pennsylvania Business Corporation
Law of 1988, as amended (the &#147;BCL&#148;), contains provisions for mandatory and discretionary
indemnification of a corporation&#146;s directors, officers, employees and agents (collectively
&#147;Representatives&#148;), and related matters.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Section&nbsp;1741, subject to certain limitations, a corporation has the power to indemnify
Representatives under certain prescribed circumstances against expenses (including attorneys&#146;
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in
connection with a threatened, pending or completed action or proceeding, whether civil, criminal,
administrative or investigative (other than derivative or corporate actions), to which any of them
is a party or threatened to be made a party by reason of his or her being a Representative of the
corporation or serving at the request of the corporation as a Representative of another
corporation, partnership, joint venture, trust or other enterprise, if he or she acted in good
faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests
of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe
his or her conduct was unlawful.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1742 provides for indemnification with respect to derivative and corporate actions
similar to that provided by Section&nbsp;1741. However, indemnification is not provided under Section
1742 in respect of any claim, issue or matter as to which a Representative has been adjudged to be
liable to the corporation unless and only to the extent that the proper court determines upon
application that, despite the adjudication of liability but in view of all the circumstances of the
case, a Representative is fairly and reasonably entitled to indemnity for the expenses that the
court deems proper.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1743 provides that indemnification against actual and reasonable expenses is mandatory
to the extent that a Representative has been successful on the merits or otherwise in defense of
any such action or proceeding referred to in Section&nbsp;1741 or 1742.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1744 provides that, unless ordered by a court, any indemnification under Section&nbsp;1741
or 1742 shall be made by the corporation only as authorized in the specific case upon a
determination that indemnification of a Representative is proper because the Representative met the
applicable standard of conduct. Section&nbsp;1744 further provides that such determination will be made
by the board of directors by a majority vote of a quorum consisting of directors not parties to the
action or proceeding; if a quorum is not obtainable or if obtainable and a majority vote of a
quorum of disinterested directors so directs, by independent legal counsel; or by the shareholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1745 provides that expenses incurred by a Representative in defending any action or
proceeding referred to in Subchapter D of Chapter&nbsp;17 of the BCL may be paid by the corporation in
advance of the final disposition of such action or proceeding upon receipt of an undertaking by or
on behalf of the Representative to repay such amount if it shall ultimately be determined that such
Representative is not entitled to be indemnified by the corporation. Section&nbsp;1745 further provides
that, except as otherwise provided in the bylaws, advancement of expenses shall be authorized by
the board of directors.


<P align="center" style="font-size: 10pt">II-2
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1746 provides generally that except in any case where the act or failure to act giving
rise to the claim for indemnification is determined by a court to have constituted willful
misconduct or recklessness, the indemnification and advancement of expenses provided by Subchapter
D of Chapter&nbsp;17 of the BCL shall not be deemed exclusive of any other rights to which a
Representative seeking indemnification or advancement of expenses may be entitled under any bylaw,
agreement, vote of shareholders or disinterested directors or otherwise, both as to action in such
Representative&#146;s official capacity and as to action in another capacity while holding that office.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1747 grants a corporation the power to purchase and maintain insurance on behalf of
any Representative against any liability incurred by such Representative in his or her capacity as
a Representative, whether or not the corporation would have the power to indemnify such
Representative against that liability under Subchapter D of Chapter&nbsp;17 of the BCL.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections&nbsp;1748 and 1749 apply the indemnification and advancement of expenses provisions
contained in Subchapter D of Chapter&nbsp;17 of the BCL to all constituent corporations absorbed in a
consolidation, merger or division, as well as the surviving or new corporations surviving or
resulting therefrom, and to service as a representative of a corporation or an employee benefit
plan.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1750 provides that the indemnification and advancement of expenses provided by, or
granted pursuant to, Subchapter D of Chapter&nbsp;17 of the BCL shall, unless otherwise provided when
authorized or ratified, continue as to a person who has ceased to be a Representative and shall
inure to the benefit of the heirs and personal representative of such person.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9 of Article&nbsp;IV of Philadelphia Consolidated Holding Corp.&#146;s By-Laws provides
indemnification to current and former officers and directors for all actions taken by them and for
all failures to take action (regardless of the date of any such action or failure to take action)
to the fullest extent permitted by Pennsylvania law against all expense, liability and loss
(including, without limitation, attorneys fees, judgments, fines, taxes, penalties and amounts paid
or to be paid in settlement) reasonably incurred or suffered by them in connection with any
threatened, pending or completed action, suit or proceeding (including, without limitation, an
action, suit or proceeding by or in the right of Philadelphia Consolidated Holding Corp.), whether
civil, criminal, administrative, investigative or through arbitration.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9 of Article&nbsp;IV permits Philadelphia Consolidated Holding Corp. to purchase and
maintain insurance, at its expense, for the benefit of any person on behalf of whom insurance is
permitted to be purchased by Pennsylvania law against any such expenses, liability or loss, whether
or not Philadelphia Consolidated Holding Corp. would have the power to indemnify such person
against such expense, liability or loss under Pennsylvania or other law. Philadelphia Consolidated
Holding Corp. has purchased directors&#146; and officers&#146; liability insurance. Section&nbsp;9 further
permits Philadelphia Consolidated Holding Corp. to purchase and maintain insurance to insure its
indemnification obligations whether arising under Section&nbsp;9 of Article&nbsp;IV or otherwise, which it
has done.

<!-- link2 "Item 7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.


<P align="center" style="font-size: 10pt">II-3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Item 8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Incorporation of Philadelphia Consolidated Holding Corp.,
as amended (incorporated by reference to Exhibit&nbsp;3.1 to the
registrant&#146;s Registration Statement on Form&nbsp;S-1 (Registration No.
33-65958)).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment to Articles of Incorporation of Philadelphia
Consolidated Holding Corp. (incorporated by reference to Exhibit
3.1.2 to the registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the
quarterly period ended June&nbsp;30, 2002).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By-laws of Philadelphia Consolidated Holding Corp. (as amended
through April&nbsp;29, 2005) (incorporated by reference to Exhibit&nbsp;3.1 to
the registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter ended
March&nbsp;31, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Philadelphia Consolidated Holding Corp. Amended and Restated
Employees&#146; Stock Incentive and Performance Based Compensation Plan
(effective as of March&nbsp;30, 2005) (incorporated by reference to
Exhibit&nbsp;10.1 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on April&nbsp;29, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP (filed
herewith electronically).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Stock Option Award Agreement (incorporated by reference to
Exhibit&nbsp;10.1 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on June&nbsp;8, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Award Agreement (incorporated by reference
to Exhibit&nbsp;10.2 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on June&nbsp;8, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP (filed herewith electronically).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Wolf, Block, Schorr and Solis-Cohen LLP (contained in the
opinion filed as Exhibit&nbsp;5).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (contained on the signature page of this
registration statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- link2 "Item 9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;To include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933;


<P align="center" style="font-size: 10pt">II-4
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20&nbsp;percent change in the maximum aggregate
offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective
registration statement;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;


<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>provided, however</I>, that paragraphs (1)(i) and (1)(ii) do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Commission by the registrant pursuant to Section&nbsp;13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial <I>bona fide </I>offering thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant&#146;s annual report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial <I>bona fide </I>offering
thereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such


<P align="center" style="font-size: 10pt">II-5
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">indemnification by it is against public policy as expressed in the Act and will be governed by
the final adjudication of such issue.


<P align="center" style="font-size: 10pt">II-6
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES AND POWER OF ATTORNEY" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES AND POWER OF ATTORNEY</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Bala Cynwyd, Commonwealth of Pennsylvania, on this 10th
day of June, 2005.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD nowrap colspan="3" align="left">PHILADELPHIA CONSOLIDATED HOLDING CORP.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/  James J. Maguire, Jr.
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">James J. Maguire, Jr.&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints James J. Maguire, Jr. and Craig P. Keller, and each of them, the undersigned&#146;s true and
lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for the
undersigned and in the undersigned&#146;s name, place and stead, in any and all capacities, to sign any
and all amendments to this registration statement (including, without limitation, post-effective
amendments to this registration statement), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to all intents and
purposes as the undersigned might or could do in person, hereby ratifying and confirming all that
said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities indicated, and on the date indicated.

<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James J. Maguire, Jr.
<HR size="1" noshade color="#000000">
James J. Maguire, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">President, Chief Executive Officer<BR>
and Director<BR>
(Principal Executive Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;10, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Craig P. Keller
<HR size="1" noshade color="#000000">
Craig P. Keller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President, Secretary,<BR>
Treasurer and Chief Financial Officer<BR>
(Principal Financial and Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;10, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ James J. Maguire
<HR size="1" noshade color="#000000">
James J. Maguire
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Chairman of the Board of Directors
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;10, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Sean S. Sweeney
<HR size="1" noshade color="#000000">
Sean S. Sweeney
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Executive Vice President and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;10, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>
<DIV align="left"><FONT size="1">

</FONT></DIV>


<P align="center" style="font-size: 10pt">II-7
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Signature</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Title</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Date</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael J. Cascio
<HR size="1" noshade color="#000000">
Michael J. Cascio
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;4, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Elizabeth H. Gemmill
<HR size="1" noshade color="#000000">
Elizabeth H. Gemmill
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;9, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Margaret M. Mattix
<HR size="1" noshade color="#000000">
Margaret M. Mattix
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;5, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Michael J. Morris
<HR size="1" noshade color="#000000">
Michael J. Morris
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;4, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Donald A. Pizer
<HR size="1" noshade color="#000000">
Donald A. Pizer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;9, 2005</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/ Dirk A. Stuurop
<HR size="1" noshade color="#000000">
Dirk A. Stuurop
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">June&nbsp;4, 2005</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">II-8
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="010"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left">Exhibit</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Description of Exhibit</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Incorporation of Philadelphia Consolidated Holding Corp.,
as amended (incorporated by reference to Exhibit&nbsp;3.1 to the
registrant&#146;s Registration Statement on Form&nbsp;S-1 (Registration No.
33-65958)).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.1.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Articles of Amendment to Articles of Incorporation of Philadelphia
Consolidated Holding Corp. (incorporated by reference to Exhibit
3.1.2 to the registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the
quarterly period ended June&nbsp;30, 2002).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">3.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By-laws of Philadelphia Consolidated Holding Corp. (as amended
through April&nbsp;29, 2005) (incorporated by reference to Exhibit&nbsp;3.1 to
the registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the quarter ended
March&nbsp;31, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Philadelphia Consolidated Holding Corp. Amended and Restated
Employees&#146; Stock Incentive and Performance Based Compensation Plan
(effective as of March&nbsp;30, 2005) (incorporated by reference to
Exhibit&nbsp;10.1 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on April&nbsp;29, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP (filed
herewith electronically).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Stock Option Award Agreement (incorporated by reference to
Exhibit&nbsp;10.1 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on June&nbsp;8, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Restricted Stock Award Agreement (incorporated by reference
to Exhibit&nbsp;10.2 to the registrant&#146;s Current Report on Form&nbsp;8-K filed
with the Commission on June&nbsp;8, 2005).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of PricewaterhouseCoopers LLP (filed herewith electronically).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Wolf, Block, Schorr and Solis-Cohen LLP (contained in the
opinion filed as Exhibit&nbsp;5).</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (contained on the signature page of this
registration statement).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">II-9
</DIV>

</BODY>
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sv8
Table of Contents
Registration No. 333-______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
Registration Statement
under
The Securities Act of 1933
PHILADELPHIA CONSOLIDATED HOLDING CORP.
(Exact name of registrant as specified in its charter)
Pennsylvania
23-2202671
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
One Bala Plaza, Suite 100, Bala Cynwyd, Pennsylvania
19004
(Address of principal executive offices)
(Zip Code)
Philadelphia Consolidated Holding Corp.
Amended and Restated Employees' Stock Incentive
and Performance Based Compensation Plan
(effective as of March 30, 2005)
(Full title of the plan)
Mr. James J. Maguire, Jr.
Chief Executive Officer
or
Mr. Craig P. Keller, Secretary
Philadelphia Consolidated Holding Corp.
One Bala Plaza, Suite 100
Bala Cynwyd, Pennsylvania 19004
(Name and address of agent for service)
(610) 617-7900
(Telephone number, including area code, of agent for service)
Copies to:
Michael M. Sherman, Esquire
Wolf, Block, Schorr and Solis-Cohen LLP
1650 Arch Street — 22
nd
Floor
Philadelphia, PA 19103-2097
(215) 977-2236
FAX: (215) 977-2334
CALCULATION OF REGISTRATION FEE
Proposed
Proposed
Title of
Maximum
Maximum
Amount of
Securities to be
Amount to be
Offering Price
Aggregate
Registration
Registered
Registered (1) (2)
Per Share (3)
Offering Price
Fee
Common Stock,
No par value
750,000
$
81.89
$
61,417,500
$
7,228.84
(1)
Pursuant to Rule 416 under the Securities Act of 1933, as amended, this registration
statement also covers such additional shares as may hereafter be offered or issued pursuant to
the Philadelphia Consolidated Holding Corp. Amended and Restated Employees' Stock Incentive
and Performance Based Compensation Plan (effective as of March 30, 2005) (the "Pan") to
prevent dilution resulting from stock splits, stock dividends, recapitalizations or certain
other capital adjustments.
(2)
In accordance with Instruction E to Form S-8, an aggregate of 1,176,142 additional unsold shares issuable under the Plan, with associated, previously paid filing fees in the amount of
$8,479.08, are being carried forward from a previously filed Registration Statement on Form
S-8 (Registration Statement Number 333-115375).
(3)
Estimated pursuant to Rule 457(c) and (h) under the Securities Act of 1933 solely for the
purpose of calculating the registration fee, based on the average of the high and low prices
per share of Philadelphia Consolidated Holdings Corp.'s common stock reported on the Nasdaq
National Market on June 7, 2005.
TABLE OF CONTENTS
PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES AND POWER OF ATTORNEY
EXHIBIT INDEX
Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP
Consent of PricewaterhouseCoopers LLP
Table of Contents
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Information required by Part I of Form S-8 will be included in documents to be sent or given
to participants in the Philadelphia Consolidated Holding Corp. Amended and Restated Employees'
Stock Incentive and Performance Based Compensation Plan (effective as of March 30, 2005) pursuant
to Rule 428(b)(1)(i) under the Securities Act of 1933, as amended.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed with the Securities and Exchange Commission (the "Commission")
by the registrant are incorporated by reference in this registration statement:
•
the registrant's Annual Report on Form 10-K for the fiscal year ended December 31,
2004;
•
the registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended March
31, 2005;
•
the registrant's Current Reports on Form 8-K filed with the Commission on January 5,
2005, January 28, 2005, February 9, 2005, February 15, 2005, February 16, 2005, and
March 18, 2005, each of the registrant's two Current Reports on Form 8-K filed with the
Commission on April 29, 2005, and the registrant's Current Reports on Form 8-K filed
with the Commission on May 23, 2005 and June 9, 2005;
•
the description of the registrant's common stock, no par value, contained in the
registrant's registration statement on Form 8A/A, dated September 13, 1993, including
any subsequent amendments or reports filed for the purpose of updating that
description; and
•
all documents subsequently filed by the registrant pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a
post-effective amendment which indicates that all securities offered hereby have been
sold or which deregisters all securities offered hereby then remaining unsold, which
shall be deemed to be incorporated herein by reference and to be a part hereof from the
date of filing of such document.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
II-1
Table of Contents
Item 6. Indemnification of Directors and Officers.
Subchapter D (Sections 1741 through 1750) of Chapter 17 the Pennsylvania Business Corporation
Law of 1988, as amended (the "BCL"), contains provisions for mandatory and discretionary
indemnification of a corporation's directors, officers, employees and agents (collectively
"Representatives"), and related matters.
Under Section 1741, subject to certain limitations, a corporation has the power to indemnify
Representatives under certain prescribed circumstances against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in
connection with a threatened, pending or completed action or proceeding, whether civil, criminal,
administrative or investigative (other than derivative or corporate actions), to which any of them
is a party or threatened to be made a party by reason of his or her being a Representative of the
corporation or serving at the request of the corporation as a Representative of another
corporation, partnership, joint venture, trust or other enterprise, if he or she acted in good
faith and in a manner he or she reasonably believed to be in, or not opposed to, the best interests
of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe
his or her conduct was unlawful.
Section 1742 provides for indemnification with respect to derivative and corporate actions
similar to that provided by Section 1741. However, indemnification is not provided under Section
1742 in respect of any claim, issue or matter as to which a Representative has been adjudged to be
liable to the corporation unless and only to the extent that the proper court determines upon
application that, despite the adjudication of liability but in view of all the circumstances of the
case, a Representative is fairly and reasonably entitled to indemnity for the expenses that the
court deems proper.
Section 1743 provides that indemnification against actual and reasonable expenses is mandatory
to the extent that a Representative has been successful on the merits or otherwise in defense of
any such action or proceeding referred to in Section 1741 or 1742.
Section 1744 provides that, unless ordered by a court, any indemnification under Section 1741
or 1742 shall be made by the corporation only as authorized in the specific case upon a
determination that indemnification of a Representative is proper because the Representative met the
applicable standard of conduct. Section 1744 further provides that such determination will be made
by the board of directors by a majority vote of a quorum consisting of directors not parties to the
action or proceeding; if a quorum is not obtainable or if obtainable and a majority vote of a
quorum of disinterested directors so directs, by independent legal counsel; or by the shareholders.
Section 1745 provides that expenses incurred by a Representative in defending any action or
proceeding referred to in Subchapter D of Chapter 17 of the BCL may be paid by the corporation in
advance of the final disposition of such action or proceeding upon receipt of an undertaking by or
on behalf of the Representative to repay such amount if it shall ultimately be determined that such
Representative is not entitled to be indemnified by the corporation. Section 1745 further provides
that, except as otherwise provided in the bylaws, advancement of expenses shall be authorized by
the board of directors.
II-2
Table of Contents
Section 1746 provides generally that except in any case where the act or failure to act giving
rise to the claim for indemnification is determined by a court to have constituted willful
misconduct or recklessness, the indemnification and advancement of expenses provided by Subchapter
D of Chapter 17 of the BCL shall not be deemed exclusive of any other rights to which a
Representative seeking indemnification or advancement of expenses may be entitled under any bylaw,
agreement, vote of shareholders or disinterested directors or otherwise, both as to action in such
Representative's official capacity and as to action in another capacity while holding that office.
Section 1747 grants a corporation the power to purchase and maintain insurance on behalf of
any Representative against any liability incurred by such Representative in his or her capacity as
a Representative, whether or not the corporation would have the power to indemnify such
Representative against that liability under Subchapter D of Chapter 17 of the BCL.
Sections 1748 and 1749 apply the indemnification and advancement of expenses provisions
contained in Subchapter D of Chapter 17 of the BCL to all constituent corporations absorbed in a
consolidation, merger or division, as well as the surviving or new corporations surviving or
resulting therefrom, and to service as a representative of a corporation or an employee benefit
plan.
Section 1750 provides that the indemnification and advancement of expenses provided by, or
granted pursuant to, Subchapter D of Chapter 17 of the BCL shall, unless otherwise provided when
authorized or ratified, continue as to a person who has ceased to be a Representative and shall
inure to the benefit of the heirs and personal representative of such person.
Section 9 of Article IV of Philadelphia Consolidated Holding Corp.'s By-Laws provides
indemnification to current and former officers and directors for all actions taken by them and for
all failures to take action (regardless of the date of any such action or failure to take action)
to the fullest extent permitted by Pennsylvania law against all expense, liability and loss
(including, without limitation, attorneys fees, judgments, fines, taxes, penalties and amounts paid
or to be paid in settlement) reasonably incurred or suffered by them in connection with any
threatened, pending or completed action, suit or proceeding (including, without limitation, an
action, suit or proceeding by or in the right of Philadelphia Consolidated Holding Corp.), whether
civil, criminal, administrative, investigative or through arbitration.
Section 9 of Article IV permits Philadelphia Consolidated Holding Corp. to purchase and
maintain insurance, at its expense, for the benefit of any person on behalf of whom insurance is
permitted to be purchased by Pennsylvania law against any such expenses, liability or loss, whether
or not Philadelphia Consolidated Holding Corp. would have the power to indemnify such person
against such expense, liability or loss under Pennsylvania or other law. Philadelphia Consolidated
Holding Corp. has purchased directors' and officers' liability insurance. Section 9 further
permits Philadelphia Consolidated Holding Corp. to purchase and maintain insurance to insure its
indemnification obligations whether arising under Section 9 of Article IV or otherwise, which it
has done.
Item 7. Exemption from Registration Claimed.
Not applicable.
II-3
Table of Contents
Item 8. Exhibits.
Exhibit
No.
Description of Exhibit
3.1
Articles of Incorporation of Philadelphia Consolidated Holding Corp.,
as amended (incorporated by reference to Exhibit 3.1 to the
registrant's Registration Statement on Form S-1 (Registration No.
33-65958)).
3.1.1
Articles of Amendment to Articles of Incorporation of Philadelphia
Consolidated Holding Corp. (incorporated by reference to Exhibit
3.1.2 to the registrant's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2002).
3.2
By-laws of Philadelphia Consolidated Holding Corp. (as amended
through April 29, 2005) (incorporated by reference to Exhibit 3.1 to
the registrant's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2005).
4
Philadelphia Consolidated Holding Corp. Amended and Restated
Employees' Stock Incentive and Performance Based Compensation Plan
(effective as of March 30, 2005) (incorporated by reference to
Exhibit 10.1 to the registrant's Current Report on Form 8-K filed
with the Commission on April 29, 2005).
5
Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP (filed
herewith electronically).
10.1
Form of Stock Option Award Agreement (incorporated by reference to
Exhibit 10.1 to the registrant's Current Report on Form 8-K filed
with the Commission on June 8, 2005).
10.2
Form of Restricted Stock Award Agreement (incorporated by reference
to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed
with the Commission on June 8, 2005).
23.1
Consent of PricewaterhouseCoopers LLP (filed herewith electronically).
23.2
Consent of Wolf, Block, Schorr and Solis-Cohen LLP (contained in the
opinion filed as Exhibit 5).
24
Power of Attorney (contained on the signature page of this
registration statement).
Item 9. Undertakings.
The undersigned registrant hereby undertakes:
(a)(1) To file, during any period in which offers or sales are being made, a post-effective
amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
II-4
Table of Contents
(ii) To reflect in the prospectus any facts or events arising after the effective date of the
registration statement (or the most recent post-effective amendment thereof) which, individually or
in the aggregate, represent a fundamental change in the information set forth in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and
any deviation from the low or high end of the estimated maximum offering range may be reflected in
the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume and price represent no more than 20 percent change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the effective
registration statement;
(iii) To include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to such information in
the registration statement;
provided, however
, that paragraphs (1)(i) and (1)(ii) do not apply if the information required
to be included in a post-effective amendment by those paragraphs is contained in periodic reports
filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each
such post-effective amendment shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be
the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities
being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any
liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant
to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each
filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934) that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(h) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be
permitted to directors, officers and controlling persons of the registrant pursuant to the
foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the registrant of expenses incurred or paid by a director, officer or controlling
person of the registrant in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the securities being registered,
the registrant will, unless in the opinion of its counsel the matter has been settled by
controlling precedent, submit to a court of appropriate jurisdiction the question whether such
II-5
Table of Contents
indemnification by it is against public policy as expressed in the Act and will be governed by
the final adjudication of such issue.
II-6
Table of Contents
SIGNATURES AND POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Bala Cynwyd, Commonwealth of Pennsylvania, on this 10th
day of June, 2005.
PHILADELPHIA CONSOLIDATED HOLDING CORP.
By:
/s/  James J. Maguire, Jr.
James J. Maguire, Jr.
President and Chief Executive Officer
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints James J. Maguire, Jr. and Craig P. Keller, and each of them, the undersigned's true and
lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for the
undersigned and in the undersigned's name, place and stead, in any and all capacities, to sign any
and all amendments to this registration statement (including, without limitation, post-effective
amendments to this registration statement), and to file the same, with all exhibits thereto, and
other documents in connection therewith, with the Securities and Exchange Commission, granting unto
said attorney-in-fact and agent full power and authority to do and perform each and every act and
thing requisite and necessary to be done in and about the premises, as fully to all intents and
purposes as the undersigned might or could do in person, hereby ratifying and confirming all that
said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be
done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has
been signed by the following persons in the capacities indicated, and on the date indicated.
Signature
Title
Date
/s/ James J. Maguire, Jr.
James J. Maguire, Jr.
President, Chief Executive Officer
and Director
(Principal Executive Officer)
June 10, 2005
/s/ Craig P. Keller
Craig P. Keller
Executive Vice President, Secretary,
Treasurer and Chief Financial Officer
(Principal Financial and Accounting Officer)
June 10, 2005
/s/ James J. Maguire
James J. Maguire
Chairman of the Board of Directors
June 10, 2005
/s/ Sean S. Sweeney
Sean S. Sweeney
Executive Vice President and Director
June 10, 2005
II-7
Table of Contents
Signature
Title
Date
/s/ Michael J. Cascio
Michael J. Cascio
Director
June 4, 2005
/s/ Elizabeth H. Gemmill
Elizabeth H. Gemmill
Director
June 9, 2005
/s/ Margaret M. Mattix
Margaret M. Mattix
Director
June 5, 2005
/s/ Michael J. Morris
Michael J. Morris
Director
June 4, 2005
/s/ Donald A. Pizer
Donald A. Pizer
Director
June 9, 2005
/s/ Dirk A. Stuurop
Dirk A. Stuurop
Director
June 4, 2005
II-8
Table of Contents
EXHIBIT INDEX
Exhibit
No.
Description of Exhibit
3.1
Articles of Incorporation of Philadelphia Consolidated Holding Corp.,
as amended (incorporated by reference to Exhibit 3.1 to the
registrant's Registration Statement on Form S-1 (Registration No.
33-65958)).
3.1.1
Articles of Amendment to Articles of Incorporation of Philadelphia
Consolidated Holding Corp. (incorporated by reference to Exhibit
3.1.2 to the registrant's Quarterly Report on Form 10-Q for the
quarterly period ended June 30, 2002).
3.2
By-laws of Philadelphia Consolidated Holding Corp. (as amended
through April 29, 2005) (incorporated by reference to Exhibit 3.1 to
the registrant's Quarterly Report on Form 10-Q for the quarter ended
March 31, 2005).
4
Philadelphia Consolidated Holding Corp. Amended and Restated
Employees' Stock Incentive and Performance Based Compensation Plan
(effective as of March 30, 2005) (incorporated by reference to
Exhibit 10.1 to the registrant's Current Report on Form 8-K filed
with the Commission on April 29, 2005).
5
Opinion and Consent of Wolf, Block, Schorr and Solis-Cohen LLP (filed
herewith electronically).
10.1
Form of Stock Option Award Agreement (incorporated by reference to
Exhibit 10.1 to the registrant's Current Report on Form 8-K filed
with the Commission on June 8, 2005).
10.2
Form of Restricted Stock Award Agreement (incorporated by reference
to Exhibit 10.2 to the registrant's Current Report on Form 8-K filed
with the Commission on June 8, 2005).
23.1
Consent of PricewaterhouseCoopers LLP (filed herewith electronically).
23.2
Consent of Wolf, Block, Schorr and Solis-Cohen LLP (contained in the
opinion filed as Exhibit 5).
24
Power of Attorney (contained on the signature page of this
registration statement).
II-9