Thomas Miller Group to take over management of three discretionary mutuals from Regis
Thomas Miller, the international provider of market leading insurance services, has been appointed as the Manager of three established discretionary mutuals, Fire & Rescue Indemnity Company (FRIC), Livery Companies’ Mutual (LCM) and Activities Industry Mutual (AIM). 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; they are 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), established in 1999, 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), formed in 2005, provides cost effective and high quality discretionary liability cover and insurance to over 1,000 activity providers and organisations which encompass areas such as large-scale residential multi-activity centres, watersports, climbing walls and mountain biking.
Bruce Kesterton, chief executive officer, Thomas Miller, says: “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.”
For further details, please contact:
Jonathan Atkins/ Cameron Cote/ Michelle Hoh
ThomasMillerGroup@fourcommunications.com / +44 (0) 20 3697 4200
Notes to Editors
About Thomas Miller
Thomas Miller is an international provider of market leading insurance services.
Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Increasingly Thomas Miller applies its knowledge and expertise to the development of specialist businesses.
Principal activities include:
- Management services for transport and professional indemnity insurance mutuals
- Managing general agency
- Professional services including legal services, claims and captive management