Symetra Financial Corp. has filed applications with the Washington State Office of the Insurance Commissioner and Iowa Insurance Division to change the jurisdiction of incorporation of its principal life insurance subsidiary, Symetra Life Insurance Co., from Washington to Iowa. The change in legal location is expected midyear, pending regulatory approvals.
Symetra said its home office will remain in Bellevue, Wash. The company plans to open an office in Des Moines, Iowa, and to hire 20 to 40 employees during the next two to four years. The move to Iowa is not expected to affect existing policyholders.
Symetra announced plans to file an application to redomesticate a smaller life insurance subsidiary, Symetra National Life Insurance Co., in the coming weeks.
