Municipal Mutual Insurance

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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]

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References

  1. 1 2 3 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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