Description: Panelists discussed the implications of the growing trend in Canada toward demutualization of mutual companies into stock companies. Topics covered include: 1. The Canadian demutualization process and some interesting differences between companies and across borders. 2. How is eligibility determined? 3. What process is being used to determine allocation of shareholder value? 4. What mechanisms are in place to protect policyholders' reasonable expectations? 5. What internal and financial structural changes are driven by demutualization? 6. How financial markets assess stock value for companies operating internationally.

Description: 1998 SOA Spring Meeting, Maui. Panelists address the various issues surrounding the conversion of a mutual insurance company to a mutual insurance holding company structure. Actual experiences were discussed presenting the perceptions of company management, their advisers, and the regulators.