Symetra Life completes redomestication plan

July 17, 2014 by IFAwebnews Staff

Symetra Financial Corporation announced that the redomestication of its principal life insurance subsidiary, Symetra Life Insurance Company, from Washington to Iowa is complete following regulatory approvals from the Washington State Office of the Insurance Commissioner and Iowa Insurance Division.

As previously announced, Symetra will open an office in West Des Moines, Iowa, and anticipates hiring 20-40 employees over the next two to four years as the company grows. Its corporate headquarters and home office will remain in Bellevue, Wash.

Symetra also announced that its application to redomesticate a smaller life insurance subsidiary, Symetra National Life Insurance Company, has been approved.

Originally Posted at insurance & Financial Advisor on July 7, 2014 by IFAwebnews Staff.