Your Vote Matters
Brotherhood Mutual Insurance Company would like to update our structure and reorganize the Company from an Indiana mutual insurance company to an Indiana stock insurance company indirectly owned and controlled by a mutual insurance holding company. We believe this is in the best interests of our policyholder members and enhances our ability to grow and respond to customer needs. Thank you for voting. Your participation helps us continue fulfilling our mission of Advancing the Kingdom by serving the Church®.
To vote online by proxy, you will need your 12-digit control number, which you will find on the proxy notice you received in the mail.
Please note: The proxy voting deadline is 11:59 p.m. Eastern Standard Time on February 16, 2024. Proxies must be received by the deadline to count.
Thank you for taking the time to participate in the voting process.
What’s the change?
West Bend’s board of directors has approved a strategic initiative to form a mutual holding company. Mutual holding companies have become a common way to structure a mutual insurance business. Just as we operate today, West Bend Mutual Holding Company will continue to be governed by our policyholders and will continue to provide insurance coverage through our independent agency partners. Policyholders who are members of West Bend Mutual Insurance Company will automatically transition to become members of the new mutual holding company.
Why the change?
A mutual holding company structure will benefit West Bend Mutual Insurance Company and its policyholders by, among other things, (i) giving us the opportunity to pursue expansion through subsidiary companies while maintaining our mutuality, (ii) enhancing our ability to acquire and grow ancillary or non-insurance businesses, (iii) giving us enhanced access to capital and other forms of financing, (iv) placing us in a more flexible position to take advantage of opportunities such as acquisitions of other mutual insurance companies, and (v) increasing our competitiveness by enhancing efficiency, management, and financial flexibility.
West Bend Mutual Insurance Company will convert to a stock insurer, be renamed West Bend Insurance Company (WBIC), and become an indirect, wholly owned subsidiary of the newly organized mutual holding company.
What does this change mean to our policyholders?
West Bend Mutual Holding Company will continue to operate under the principles and culture of a mutual company, owned by our policyholder-members who will transition with the same member rights. It’s important to note that existing West Bend Mutual Insurance Company insurance policies and rates will be unaffected by this structure change. West Bend’s policyholders and all policies will be obligations of WBIC.
- Provides flexibility in company structure and products to better respond to the ministry marketplace and changing policyholder needs.
- Supports long-term financial strength and greater focus on serving Christian ministries.
- Enhances our mission of Advancing the Kingdom by serving the Church®.
We’d like to transition to a mutual holding company.
West Bend Mutual Insurance Company would like to change our structure and create a mutual holding company.
What’s the change?
West Bend’s board of directors has approved a strategic initiative to form a mutual holding company. Mutual holding companies have become a common way to structure a mutual insurance business. Just as we operate today, West Bend Mutual Holding Company will continue to be governed by our policyholders and will continue to provide insurance coverage through our independent agency partners. Policyholders who are members of West Bend Mutual Insurance Company will automatically transition to become members of the new mutual holding company.
Why the change?
A mutual holding company structure will benefit West Bend Mutual Insurance Company and its policyholders by, among other things, (i) giving us the opportunity to pursue expansion through subsidiary companies while maintaining our mutuality, (ii) enhancing our ability to acquire and grow ancillary or non-insurance businesses, (iii) giving us enhanced access to capital and other forms of financing, (iv) placing us in a more flexible position to take advantage of opportunities such as acquisitions of other mutual insurance companies, and (v) increasing our competitiveness by enhancing efficiency, management, and financial flexibility.
West Bend Mutual Insurance Company will convert to a stock insurer, be renamed West Bend Insurance Company (WBIC), and become an indirect, wholly owned subsidiary of the newly organized mutual holding company.
What does this change mean to our policyholders?
West Bend Mutual Holding Company will continue to operate under the principles and culture of a mutual company, owned by our policyholder-members who will transition with the same member rights. It’s important to note that existing West Bend Mutual Insurance Company insurance policies and rates will be unaffected by this structure change. West Bend’s policyholders and all policies will be obligations of WBIC.
Vote now on this organizational transition.
Deadline to submit proxy votes - February 16, 2024, at 11:59 p.m. Eastern Standard Time.
Proxies must be received by the deadline to count.
Where is my Control Number?
Important Milestones
Record Date: Saturday, September 30, 2023
Anticipated Mail Date: Monday, October 23, 2023
OCI Hearing Date: Wednesday, November 8, 2023
Special Meeting Date: Friday, December 8, 2023
For more details, review these documents:
You can also request an electronic copy be sent to your e-mail or a paper copy be mailed to you by calling 877-283-0322 or sending an e-mail to WestBendProxy@equiniti.com before November 29, 2023. Please provide your Voter ID during any phone or e-mail correspondence.
Questions
Got Questions?
The proxy materials describe the specific matters to be voted on. You may cast your vote by any one of the following four methods:
- By Internet
Please enter your control number in the box provided above. Your control number is found on the proxy notice previously mailed to you. Your vote must be received by 11:59 p.m. Eastern Time on Friday, May 10, 2019. If you need your control number, please contact us at 800-966-6871. - By Telephone
Call 800-966-6871. Telephone voting is available 24 hours a day. You must use the 12-digit control number shown on the front of your notice to vote. Your vote by telephone must be received by 11:59 p.m. Eastern Time on Friday, May 10, 2019. - By Mail
You must request a paper copy of the proxy statement and proxy by calling 877-478-5046 and these materials will be mailed promptly to you. To facilitate timely delivery of the materials, we need to receive your request as soon as possible. Complete the proxy as instructed and return it in the envelope provided. Your vote by mail must be received by 11:59 p.m. Eastern Time on Friday, May 10, 2019. - In Person
If you attend the annual meeting of members you can vote in person. The meeting will be held at 9 a.m. CDT on Wednesday, May 15, 2019, at the Jeweler's Mutual Company home office at 5900 O Street, Lincoln, Nebraska.
- Secure Socket Layer (SSL). This is a security feature that encrypts all information that travels between the online proxy voting system and the computer of the voting member.
- Control Number. Each member receives a personalized voting control number upon receipt of their proxy package. AST Fund Solutions, LLC verifies these numbers and displays the correct proxy information.
- By sending a written notice to the company expressly revoking your proxy.
- By signing and forwarding to the company a later-dated proxy that is received by the company at or prior to the meeting.
- By attending the meeting and voting in person. Please remember that since your voting instructions are processed in the order in which they are received, your last vote received will be the one that counts.
West Bend, WI 53095
Proxy Information and Support Center: (877) 283-0322
Thank you for voting. Your participation helps us continue fulfilling our mission of Advancing the Kingdom by serving the Church®
