Symetra Completes Iowa Redomestication for Life Unit

July 2 (Bloomberg) -- Symetra Financial Corp. said its principal life insurance subsidiary has completed its redomestication to Iowa from Washington state as the company seeks favorable standards on accounting.

Symetra reiterated plans to open an office in West Des Moines, Iowa, and expects to hire 20 to 40 employees over the next two to four years, the Bellevue, Washington-based company said today in a regulatory filing.

To contact the reporter on this story: Kelly Gilblom in New York at kgilblom@bloomberg.net

To contact the editors responsible for this story: Dan Kraut at dkraut2@bloomberg.net