Iowa insurance commissioner approves GuideOne reorganization plan Thursday, April 1, 2021 3:09 PM
GuideOne Mutual Insurance has received approval from Iowa Insurance Commissioner Doug Ommen to reorganize from a domestic mutual insurance company to a stock insurance company. The reorganization, which will be conducted through two separate transactions, is expected to enable the West Des Moines-based insurer to increase its access to growth capital and to be better situated to acquire companies in the future as well as generate greater operating efficiencies. In an order dated March 29, the insurance commission found that the agreement and reorganization plan properly protects the interests of both GuideOne Specialty’s policyholders and GuideOne Mutual’s policyholders as required by state law, and that there are no reasonable objections to the plan. Under the reorganization, effective April 1, policyholders of GuideOne Mutual Insurance Co. and GuideOne Specialty M
FBL Financial sets April 29 for special shareholder meeting
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FBL Financial sets April 29 for special shareholder meeting
businessrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessrecord.com Daily Mail and Mail on Sunday newspapers.