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Grinnell Mutual is the 110th largest property-casualty insurance company in the U.S. Its products are available in 17 states. Grinnell Mutual is the largest direct reinsurer of farm mutual companies in North America. With its member mutuals, it has over $210 billion of total reinsured value. [citation needed]
The Farmers Mutual Reinsurance Company Building is a historic structure located in Grinnell, Iowa, United States. "The Iowa Farmers Mutual Reinsurance Association was the first statewide organization of its kind in the United States." [2] When it moved to Grinnell from Jefferson, Iowa in 1934 its name was changed to Farmers Mutual Reinsurance ...
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Reinsurance Group of America, Incorporated (NYSE: RGA) is a holding company for a global life and health reinsurance entity [2] based in Greater St. Louis within the western suburb of Chesterfield, Missouri, United States. With approximately $3.7 trillion of life reinsurance in force and assets of $97.6 billion as of December 31, 2023, [3] RGA ...
The "mutual holding company" structure was first introduced in Iowa in 1995, and has spread since then. [5] There have been concerns that the mutual holding company conversion is disadvantageous for the owners of the company, the policyholders. [6] The major disadvantage of mutual insurance companies is the difficulty of raising capital. [7]
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