Hospitality Mutual Aims for Structural Shift with Stock Company Reorganization
New structure aims to attract investment Hospitality Mutual Insurance Co. (HMIC) is seeking clearance to reorganise as a stock corporation managed by a mutual insurance holding company. According to a letter addressed to policyholders, the planned reorganisation seeks to increase HMIC’s flexibility and competitiveness. According to AM Best, the reorganised corporation will be known as … Read more