Insurance services provider Thomas Miller has been
appointed as the Manager of three established discretionary mutuals:
Each mutual selected Thomas Miller as their preferred
supplier to replace Regis Mutual Management (RMM), which went into
administration in June this year.
The three mutuals opted to choose Thomas Miller rather
than transferring to a new manager in a “pre pack” following RMM’s move into
administration. Thomas Miller said that the businesses were “a natural fit with
Thomas Miller’s PI Division”.
Fire & Rescue Indemnity Company Limited (FRIC) was
formed in 2015 when a group of twelve fire & rescue authorities identified
a gap in the market for a set of products that combined the benefits of
insurance with those of risk and financial pooling.
Livery Companies’ Mutual (LCM) was established in 1999.
It provides discretionary cover and arranges insurance for 84 livery companies,
London’s ancient and modern trade associations and guilds, and similar
organisations, such as private members’ clubs.
Activities Industry Mutual (AIM) was formed in 2005. It
provides discretionary liability cover and insurance to more than 1,000
activity providers and organizations. These includelarge-scale residential
multi-activity centres, watersports, climbing walls and mountain biking.
Thomas Miller CEO Bruce Kesterton said that “the
management of mutuals is fundamental to Thomas Miller. These very successful
mutuals are highly valued by their members and we are looking forward to
working with each of them to continue to provide an excellent service and help
them achieve their growth targets.”
