The wave of demutualizations that h...

The wave of demutualizations that has washed above the life insurance industry in novel years probably reached its peak in December with the prosperous completion of the long-awaited Prudential conversion. however we haven't seen the last of this phenomenon. Demutualization will continue to have an impact in succession the structure of the industry, in consequence of trends such as sponsored demutualizations and the consolidation of companies that have shed their mutual status.

In a sponsored demutualization, policyholders are issued shares of a larger, already-public life insurer into which their formerly mutual company is merg Provident Mutual, which will be acquired by the agency of ...