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.
Gilmour joined the Board of Directors of Prudential Insurance in 1995 and made significant contributions to the critical process of demutualizing
Prudential Insurance and establishing Prudential Financial as a public company.
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.
Conning also found that the equity markets carefully evaluate the financial performance of demutualizing
insurers - both pre- and post-demutualization - a factor that it believes may have a significant influence on future life insurer demutualizations.
According to the announcement, the merger plan was abandoned due to Asahi Life's difficulty in demutualizing
under the current weak equity environment in Japan.
But Peter Rubenovitch, executive vice president and chief financial officer, said that success was not simply a result of demutualizing
Also, savings banks are currently prohibited by law from demutualization, but a change in the law, which is being discussed in the next few months, could provide the possibility of demutualizing
Gjensidige NOR Sparebank at about mid-year 2002, the banking arm of the Gjensidige NOR financial services group, and this could have wider repercussions in the savings bank sector," Mrs.