Advertisement
Advertisement
demutualize
[ dee-myoo-choo-uh-lahyz ]
verb (used with object)
- to convert (a mutual life-insurance company) to a stockholder-owned corporation.
demutualize
/ diːˈmjuːtʃʊəˌlaɪz /
verb
- to convert (a mutual society, such as a building society) to a public limited company or (of such a society) to be converted
Derived Forms
- ˌdemutualiˈzation, noun
Word History and Origins
Origin of demutualize1
Example Sentences
Venues elsewhere in the region are either government-owned or have yet to demutualize, or shift from member to shareholder ownership.
Watanabe was one of the first in Dai-ichi Life to support the current chief executive, Katsutoshi Saito, when he sought to demutualize the firm and turn it into a stock company to boost competitiveness, people within and outside the company said.
Still, he was determined to start preparations to demutualize the insurer, encouraging the company to disclose its financial details to foreign investors and raising money by selling debt overseas.
Dai-ichi, formed in 1902, is the first of Japan's famously stodgy and domestic life insurance companies to demutualize and go public.
Advertisement
Advertisement
Advertisement
Advertisement
Browse