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'''Municipal Mutual Insurance''' (MMI) is an [[insurance company]] registered in the United Kingdom. It was established by [[Local government#United Kingdom|local authorities]], and was formally incorporated on 13 March 1903.<ref name=mmi/>
'''Municipal Mutual Insurance''' (MMI) is an [[insurance company]] registered in the United Kingdom. It was established by [[Local government#United Kingdom|local authorities]], and was formally incorporated on 13 March 1903.<ref name=mmi/>


Over the following decades it became responsible for insuring most public sector bodies, including councils, [[police authority|police]] and [[fire authorities]].<ref>[https://books.google.com/books?id=Zj3HIxjy6f4C&pg=PA143&dq=%22municipal+mutual+insurance%22+zurich&hl=en&sa=X&ei=PiGkUM-OMfTJ0AW30ICQBQ&ved=0CDcQ6AEwAA#v=onepage&q=%22municipal%20mutual%20insurance%22%20zurich&f=false Alison Kittrell, ''The Gallagher Way: A Corporate History of Arthur J. Gallagher & Co.'', iUniverse, 2005], {{ISBN|0595371140}}, p.143</ref> Between 1990 and 1992, the company suffered substantial losses, and its assets reduced to below the minimum level for solvency.<ref name=mmi>[http://www.mminsurance.co.uk/index.htm Municipal Mutual Insurance homepage]. Accessed 14 November 2012</ref> In 1993, it was bought by [[Zurich Insurance]],<ref name=mmi/> although MMI itself continues to pay all its outstanding liabilities.<ref>[http://uk.marsh.com/ProductsServices/MarshSolutions/ID/22052/Municipal-Mutual-Insurance-Ltd.aspx Marsh UK: Municipal Mutual Insurance Ltd.]. Accessed 14 November 2012</ref>
Over the following decades it became responsible for insuring most public sector bodies, including councils, [[police authority|police]] and [[fire authorities]].<ref>[https://books.google.com/books?id=Zj3HIxjy6f4C&dq=%22municipal+mutual+insurance%22+zurich&pg=PA143 Alison Kittrell, ''The Gallagher Way: A Corporate History of Arthur J. Gallagher & Co.'', iUniverse, 2005], {{ISBN|0595371140}}, p.143</ref> Between 1990 and 1992, the company suffered substantial losses, and its assets were reduced to below the minimum level for solvency.<ref name=mmi>[http://www.mminsurance.co.uk/index.htm Municipal Mutual Insurance homepage]. Accessed 14 November 2012</ref> In 1993, it was bought by [[Zurich Insurance]],<ref name=mmi/> although MMI itself continues to pay all its outstanding liabilities.<ref>[http://uk.marsh.com/ProductsServices/MarshSolutions/ID/22052/Municipal-Mutual-Insurance-Ltd.aspx Marsh UK: Municipal Mutual Insurance Ltd.]. Accessed 14 November 2012</ref>


==References==
==References==
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==External links==
==External links==
*[http://www.mminsurance.co.uk/PDF%20files/226158June2012.pdf MMI Annual Report and Accounts for the year ended 30 June 2012]
*[http://www.mminsurance.co.uk/PDF%20files/226158June2012.pdf MMI Annual Report and Accounts for the year ended 30 June 2012]{{dead link|date=February 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
*[http://www.independent.co.uk/news/uk/home-news/the-suffering-and-the-shame-1303596.html Report states Municipal Mutual Insurance sought to restrict child sex abuse inquiry]
*[https://www.independent.co.uk/news/uk/home-news/the-suffering-and-the-shame-1303596.html Report states Municipal Mutual Insurance sought to restrict child sex abuse inquiry]


[[Category:Financial services companies established in 1903]]
[[Category:Insurance companies of the United Kingdom]]
[[Category:Insurance companies of the United Kingdom]]
[[Category:Zurich Insurance Group]]
[[Category:Zurich Insurance Group]]

Latest revision as of 11:24, 17 March 2023

Municipal Mutual Insurance (MMI) is an insurance company registered in the United Kingdom. It was established by local authorities, and was formally incorporated on 13 March 1903.[1]

Over the following decades it became responsible for insuring most public sector bodies, including councils, police and fire authorities.[2] Between 1990 and 1992, the company suffered substantial losses, and its assets were reduced to below the minimum level for solvency.[1] In 1993, it was bought by Zurich Insurance,[1] although MMI itself continues to pay all its outstanding liabilities.[3]

References

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  1. ^ a b c Municipal Mutual Insurance homepage. Accessed 14 November 2012
  2. ^ Alison Kittrell, The Gallagher Way: A Corporate History of Arthur J. Gallagher & Co., iUniverse, 2005, ISBN 0595371140, p.143
  3. ^ Marsh UK: Municipal Mutual Insurance Ltd.. Accessed 14 November 2012
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