We find that fully demutualizing
insurers were primarily motivated by a desire to gain access to external capital markets while those that chose MHC were motivated by other incentives including a tax-based incentive.
Restructuring into a mutual holding company is an easier and quicker process than demutualizing
, said Gregg Dykstra, vice president of internal operations and general counsel for the National Association of Mutual Insurance Companies.
The taxpayer began exploring the possibility of demutualizing
, by which it would become a stock insurance company.
Becoming a public company by demutualizing
is an expensive way to change.
MetLife is one of a number of major insurance companies that have or will be demutualizing
-- converting from mutual to public ownership.
is highly complicated, cumbersome, costly, and, often, contentious.
1) We define conversion here as a mutual insurer demutualizing
and becoming a stock insurer or a stock insurance company mutualizing ("going private") to become a mutual insurer.
But Peter Rubenovitch, executive vice president and chief financial officer, said that success was not simply a result of demutualizing