In our latest MMI update, we assess the current position of Municipal Mutual Insurance (MMI) following the publication of their 30 June 2024 accounts.
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This report provides insights into claim trends, financial provisions, and key risks affecting policyholders, along with our recommendations to help organisations manage their self-insured liabilities.

The 2024 accounts highlight a strengthening of the IBNR (Incurred But Not Reported) provision, reflecting higher-than-expected costs related to mesothelioma and abuse claims. While overall claim numbers have shown a long-term decline, there has been a slight uptick in reported claims in 2023 and 2024, primarily attributed to these categories. Given the long latency of such claims, ongoing liability exposure remains a key concern.

Key insights from the report:

  • An overview of the current position
  • Commentary on June 2024 accounts
  • MMI claims trends
  • Key future risks
  • Gallagher recommendations

For a full breakdown, including insights into the Levy position and future claim projections, view the full report.

VIEW REPORT

Disclaimer

The sole purpose of this article is to provide guidance on the issues covered. This article is not intended to give legal advice, and, accordingly, it should not be relied upon. It should not be regarded as a comprehensive statement of the law and/ or market practice in this area. We make no claims as to the completeness or accuracy of the information contained herein or in the links which were live at the date of publication. You should not act upon (or should refrain from acting upon) information in this publication without first seeking specific legal and/or specialist advice. Arthur J. Gallagher Insurance Brokers Limited accepts no liability for any inaccuracy, omission or mistake in this publication, nor will we be responsible for any loss which may be suffered as a result of any person relying on the information contained herein.

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