Two Ohio mutuals gear up for changes.(Ohio National Life Insurance Co., Central Benefits Mutual Insurance Co.)

National Underwriter Life & Health-Financial Services Edition, February, 1998 by West, Diane

Ohio National Life Insurance Co and Central Benefits Mutual Insurance Co are planning to make positive changes in their operations to boost their access to capital markets. Ohio National will become a mutual holding company, while Central Benefits will fully demutualize and convert into a stockholder-owned corporation. Both companies are planning to implement new corporate growth strategies.

Two Ohio mutuals have announced separate plans to alter their traditional mutual operations.

On February 12, board memberships of the Ohio National Life unanimously approved the Cincinnati-based company's plan to convert into a mutual company.

Just two days before Ohio National's announcement, Central Benefits Mutual Ins. Co. of Columbus said it planned to...

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