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]

References

  1. ↑ 1.0 1.1 1.2 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

External links