Symetra Life Insurance Company Completes Redomestication Plan
BELLEVUE, Wash.--(BUSINESS WIRE)--Symetra Financial Corporation (NYSE: SYA) today 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. The company expressed appreciation to the Iowa Insurance Division and Washington State Office of the Insurance Commissioner for their cooperation in facilitating the redomestication.
Symetra Financial Corporation (NYSE: SYA) is a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions and independent agents and advisors. For more information, visit www.symetra.com.
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