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Fremont Insurer Readies IPO
Centennial Securities Company Inc., of Grand Rapids, will serve as adviser to the company and managing sales agent in what’s called a “best efforts community offering.”
Fremont Michigan InsuraCorp is a holding company recently formed to acquire all of the common stock of Fremont Insurance Company upon the conversion of Fremont Mutual Insurance Company from a mutual to a stock insurer. The offering will be contingent upon the approval of Fremont Mutual’s plan of conversion by the commissioner of the Michigan Office of Insurance and Financial Services.
The offering will only be made to residents of the Michigan by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Centennial at 3075 Charlevoix Drive SE, Grand Rapids.
A registration statement relating to these securities has been filed with the SEC, but has not yet become effective, according to Fremont President and CEO Richard Dunning. No buying and selling of the securities can take place until the registration statement becomes effective.
Fremont Mutual Insurance Company is a property and casualty insurer writing personal and commercial lines of insurance on risks exclusively located in Michigan. Its products include homeowners, automobile, mobile home, dwelling, farm, commercial, workers compensation and marine insurance.