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Nebraska entity buys Des Moines-area warehouse property for $5 4 million
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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
GuideOne officials make case for reorganizing as stock company Thursday, February 18, 2021 10:24 AM Iowa’s insurance commissioner on Wednesday heard testimony from GuideOne Mutual Insurance executives to consider the company’s application to reorganize from a domestic mutual insurance company to a stock insurance company.
The reorganization, which would 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, company executives said. The plan is the result of an evaluation of the company’s corporate structure that GuideOne’s board of directors initiated in 2018. As part of its exhibits, GuideOne filed a public copy of the reorganization plan with the insurance commission.
CGA Insurance Services Appoints Lisa Chines Lead Underwriter, Energy
CGA Insurance Services Appoints Lisa Chines Lead Underwriter, Energy
West Des Moines, IA, Jan. 20, 2021 Career General Agency LLC (CGA Insurance Services), a subsidiary of GuideOne Mutual Insurance Company, hired Lisa Chines as Lead Underwriter of Energy for the CGA Energy Division, effective immediately. With over 20 years of industry experience, Chines’ extensive knowledge and skill will help CGA Insurance Services increase business growth in its CGA Energy Division.
Under CGA Insurance Service’s recently formed CGA Energy Division, a managing general underwriter program, Chines will be instrumental in developing the Energy book of business by leading a team of underwriters and building successful relationships with wholesale business partners.
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