Insurers' Demutualization Decisions

Richard J. Butler, Yijing Cui and Andrew Whitman

Risk Management and Insurance Review, 2000, vol. 3, issue 2, 135-154

Abstract: ABSTRACT: Several explanations of why mutual insurers choose to demutualize their businesses are examined with a recent survey of mutual insurers. This study adds to the literature by surveying mutual insurers' executives on those factors that would lead them to demutualize their companies. Both univariate and multivariate techniques are applied to analyze those responses. Demutualization is most strongly influenced by access to capital markets, increased organizational flexibility, and the chance for company officers to increase their pay, as prior literature has suggested.

Date: 2000
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https://doi.org/10.1111/j.1540-6296.2000.tb00027.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:3:y:2000:i:2:p:135-154

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