demutualize

American  

[dee-myoo-choo-uh-lahyz] / diˈmyu tʃu əˌlaɪz /

especially British, demutualise

verb (used with object)

demutualized, demutualizing

1. to convert (a mutual life-insurance company) to a stockholder-owned corporation.

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demutualize British  

/ diːˈmjuːtʃʊəˌlaɪz /

verb

1. to convert (a mutual society, such as a building society) to a public limited company or (of such a society) to be converted

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Other Word Forms

• demutualization noun

Etymology

Origin of demutualize

de- + mutualize

Example Sentences

Venues elsewhere in the region are either government-owned or have yet to demutualize, or shift from member to shareholder ownership.

From BusinessWeek

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.

From Reuters

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.

From Reuters

Dai-ichi, formed in 1902, is the first of Japan's famously stodgy and domestic life insurance companies to demutualize and go public.

From The Wall Street Journal