Tuscarora-Wayne Mutual Insurance Co. has changed its name following its transition from a mutual insurance company to a stock insurance company within a mutual holding company.

The firm, with offices in Wyalusing and Loganton, Pa., recently changed its name to Tuscarora Wayne Insurance company after its policyholders approved the switch in April. The property-casualty company is licensed in Pennsylvania and Ohio.

Tuscarora Wayne Insurance Co. is a wholly owned subsidiary of Tuscarora Wayne Group, Inc., an intermediate stock holding company which is owned by the company’s ultimate parent, Tuscarora Wayne Mutual Group, a mutual holding company.

Jay W. Chadwick, the company’s president and CEO, said the board of directors is pleased with the policyholders’ “overwhelming support” to convert to a mutual holding company structure.

While there are no plans for an initial public offering of stock at this time, the reorganization into this structure creates the flexibility to access the capital markets in the future, Chadwick said in a statement.

Tuscarora Wayne specializes in underwriting property-casualty insurance on personal, commercial, and agriculture lines of business, according to the company.