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On February 28, 2015, the Department of Finance released draft regulations under the Insurance Companies Act (Act) providing for a framework for the demutualization process applicable to mutual ...

Economical Insurance says it will pursue becoming a publicly traded company, the first mutual property and casualty (P&C) insurer to make such a move under new demutualization rules. Waterloo, ...

A “demutualization” occurs when a mutually-owned life insurance company (i.e., a company owned by its policyholders, or “members”) converts into a publicly-owned company (i.e., a company owned by its ...

Insurance company demutualizations became popular in the late 1990s. Facilitated by revised state laws, mutual insurance companies were attracted to conversion to stock companies for the same reasons ...

Two district courts reached opposite conclusions on whether stock received by policyholders in connection with demutualization of insurance companies had a cost basis greater than zero. They agreed, ...

The Nigerian Stock Exchange recently concluded its demutualization process, creating a new holding company and moving toward its vision of becoming Africa’s leading capital market infrastructure ...

The Court of Federal Claims ruled that gain was not recognized in the sale of stock received in exchange for policy ownership interests in an insurance company’s demutualization. A mutual insurance ...

The Board of Standard Life today confirmed that the insurer intends to recommend to members that the company demutualize and list on the London Stock Exchange. Standard Life will be writing to its ...

WATERLOO, ON, March 2, 2015 /CNW/ - Economical Insurance today provided an overview of the draft regulations for Mutual Property and Casualty Insurance Company with Non-mutual Policyholders Conversion ...

On March 27th, 2013, Barger & Wolen partners Robert Hogeboom and Dennis Quinn received consent from California Insurance Commissioner Dave Jones for the conversion of Merced Mutual Insurance Company ...

Years after its local rivals cashed in during a Wall Street boom, the Chicago Board Options Exchange has finally gotten on track for demutualization, setting the stage for a potential initial public ...