Municipal Mutual Insurance
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." [4]
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
- ^ http://www.independent.co.uk/news/uk/home-news/the-suffering-and-the-shame-1303596.html
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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