Mutual Life-Assurance Company

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Mutual Life-Assurance Company

A life insurance company owned by its own policyholders. That is, policyholders elect the board of directors, and profits, if any, are distributed to policyholders each year in proportion to their individual exposures to the company. Many insurance companies are structured in this way.
References in periodicals archive ?
Artist Harvey Ball was commissioned by the State Mutual Life Assurance Company to make badges that would improve staff morale.
In addition, it has affirmed the South African-based Old Mutual Insure Limited's (OMI) Insurer Financial Strength (IFS) rating at 'BB+'/Stable and Old Mutual Life Assurance Company (South Africa) Limited's (OMLAC) National IFS rating at 'AAA(zaf)' with a Stable Outlook.
The announcement that we have made today, if approved by shareholders, marks the completion of the transformation of the company from Europe's largest mutual life assurance company, to a global investment powerhouse.'
- Old Mutual Life Assurance Company (South Africa) Ltd, (OMLAC(SA)): Baa2 Insurance Financial Strength, review for downgrade
Old Mutual Life Assurance Company (South Africa) Ltd: IFS rating downgraded to Baa2 from Baa1, with negative outlook.
Bob began his career at the former State Mutual Life Assurance Company. He worked for Knight-Dik Insurance Agency for 59 years, serving as president until 1991.
The Neusberg project is owned by Kakamas Hydro Electric Power (RF) (Pty) Ltd (KHEP), a company registered in the Republic of South Africa in which there are four equity participants:, Hydro 1 SA, Hydro Tasmania South Africa, Old Mutual Life Assurance Company (South Africa) Limited, and a community trust funded by the Industrial Development Corporation (IDC).
Companies Mentioned in this Report: Old Mutual Zimbabwe, First Mutual Life Assurance Company, Zimnat Life Assurance Company Ltd, NicozDiamond Insurance Ltd, Alliance Insurance Company P/L
The deal by Old Mutual Life Assurance Company South Africa has yet to receive regulatory clearance and is seen to be wrapped up early next year, the company said.
December 2001--Old Mutual Life Assurance Company Award for excellent service and support during 2001, in a manner that reflected and contributed to the Old Mutual values of integrity, commitment, passion, caring and service excellence.
Finnish insurance company Suomi Mutual Life Assurance Company said on Friday (25 April) that it has sold FinLife S.A, a subsidiary engaged in life insurance operations, to Vienna Insurance Group of Austria.
Europe's largest mutual life assurance company said sales in its total worldwide business were down 2 2pc after last year's record breaking pounds 1.82bn.
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