Municipal Mutual Insurance: Difference between revisions
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Over the following decades it became responsible for insuring most public sector bodies, including councils, [[police authority|police]] and [[fire authorities]].<ref>[http://books.google.co.uk/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>[http://books.google.co.uk/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> |
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==Effort to restrict child sex abuse inquiry== |
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An article in the Independent newspaper (Saturday 6 April 1996) states "at the behest of Clwyd County Council's insurers, Municipal Mutual, who were hostile to the inquiry from the start, fearing it might provoke a flood of compensation claims. "We do not see why it is necessary to have such a wide-ranging inquiry," says one letter from the insurers quoted in the report. "Every inquiry is a dress rehearsal for claimants and a further incentive to the bandwagon syndrome," says another." |
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==References== |
==References== |
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==External links== |
==External links== |
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*[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] |
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*[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] |
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Revision as of 06:53, 2 January 2016
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 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]
Effort to restrict child sex abuse inquiry
An article in the Independent newspaper (Saturday 6 April 1996) states "at the behest of Clwyd County Council's insurers, Municipal Mutual, who were hostile to the inquiry from the start, fearing it might provoke a flood of compensation claims. "We do not see why it is necessary to have such a wide-ranging inquiry," says one letter from the insurers quoted in the report. "Every inquiry is a dress rehearsal for claimants and a further incentive to the bandwagon syndrome," says another."
References
- ^ a b c Municipal Mutual Insurance homepage. Accessed 14 November 2012
- ^ Alison Kittrell, The Gallagher Way: A Corporate History of Arthur J. Gallagher & Co., iUniverse, 2005, ISBN 0595371140, p.143
- ^ Marsh UK: Municipal Mutual Insurance Ltd.. Accessed 14 November 2012
External links
- MMI Annual Report and Accounts for the year ended 30 June 2012
- Report states Municipal Mutual Insurance sought to restrict child sex abuse inquiry
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