Iowa insurance commissioner approves GuideOne reorganization plan
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 Marc...