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. Over the following decades it became responsible for insuring most public sector bodies, including councils, police and fire authorities. Between 1990 and 1992, the company suffered substantial losses, and its assets reduced to below the minimum level for solvency.Municipal Mutual Insurance homepage
Accessed 14 November 2012 In 1993, it was bought by

Insurance Company
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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Local Government
Local government is a generic term for the lowest tiers of public administration within a particular sovereign state. This particular usage of the word government refers specifically to a level of administration that is both geographically-localised and has limited powers. While in some countries, "government" is normally reserved purely for a national administration (government) (which may be known as a central government or federal government), the term local government is always used specifically in contrast to national government – as well as, in many cases, the activities of sub-national, first-level administrative divisions (which are generally known by names such as cantons, provinces, states, oblasts, or regions). Local governments generally act only within powers specifically delegated to them by law and/or directives of a higher level of government. In federal states, local government generally comprises a third or fourth tier of government, whereas in unitary state ...
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Police Authority
A police authority in the United Kingdom is a public authority that is responsible for overseeing the operations of a police force. The nature and composition of police authorities has varied over time, and there are now just four dedicated "police authorities" in the United Kingdom, although the term can refer to various similar successor bodies. Until 2012/13, individual police authorities were maintained for each of the 43 territorial police forces in England and Wales, and for the 8 territorial police forces in Scotland. Police authorities in England and Wales were abolished in November 2012, and replaced with directly elected police and crime commissioners, and those in Scotland were merged in April 2013 to form the Scottish Police Authority as part of the creation of Police Scotland, the single police force for Scotland. The Police Service of Northern Ireland is overseen by the Northern Ireland Policing Board, and two of the three UK-wide special police forces continue to be ...
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Fire Authorities
In England and Wales a fire authority or fire and rescue authority is a statutory body made up of a committee of local councillors which oversees the policy and service delivery of a fire and rescue service. Prior to the Fire Services Act 2004 many fire and rescue authorities were known as fire and civil defence authorities; this designation is no longer used. A combined fire authority (CFA) is one created by a statutory instrument to cover more than one local authority area. Usually each of the constituent local authorities appoints a fixed number of members of the CFA, depending on their relative populations. Constitution A fire authority is made up of either councillors, officers or representatives from the local principal councils in the geographical area that the fire service operates. In the case of the London Fire and Emergency Planning Authority, there is an additional layer of governance above in the form of the London Assembly. The responsible central government depar ...
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Zurich Insurance
Zurich Insurance Group Ltd is a Swiss insurance company, headquartered in Zürich, and the country's largest insurer. As of 2021, the group is the world's 112th largest public company according to ''Forbes'' Global 2000s list, and in 2011 it ranked 94th in Interbrand's top 100 brands. Zurich is a global insurance company which is organized into three core business segments: General Insurance, Global Life and Farmers. Zurich employs 55,000 people, with customers in 215 countries and territories. The company is listed on the SIX Swiss Exchange. As of 2012, it had shareholders' equity of $34.494 billion.ZIG profile
, zurich.com; accessed 27 April 2014.

Company history

Zurich Insurance Company (1872–1998)

The company was founded in 1 ...
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Financial Services Companies Established In 1903
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ...
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Insurance Companies Of The United Kingdom
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by o ...
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