Latest Breaking News On - Ohio mutual insurance company - Page 1 : comparemela.com

Crawford County Now BUCYRUS – Ohio Mutual is pleased to announce the reorganization of its corporate structure to a mutual holding company, Ohio Mutual Insurance Group, Inc., effective January 1, 2021. The reorganization to a mutual holding company structure allows the company to extend important mutual benefit rights to policyholders in their subsidiary underwriting companies, United Ohio Insurance and Casco Indemnity Company, as well as any future underwriting company subsidiary. The new mutual holding company structure also provides a flexible, modern corporate structure used by a growing number of mutual insurance companies. The pursuit of this corporate structure began more than a year ago when the company’s Board of Directors began to evaluate the benefits of such a reorganization. The mutual reorganization plan was unanimously approved by the Board in January last year. The change was overwhelmingly approved by the Ohio Mutual Insurance Company’s mutual policyholders

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