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Struggling MRM mulls options.(Mutual Risk Management Ltd.)(Hamilton, Bermuda)(Brief Article)
Business Insurance
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February 25, 2002|
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COPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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HAMILTON, Bermuda-Mutual Risk Management Ltd. is reviewing its options, including a possible sale, as it struggles with financial problems and ratings downgrades.
Robert A. Mulderig, chairman and chief executive officer of the Hamilton, Bermuda-based insurer and captive manager, said last week that MRM is exploring strategic alternatives, including becoming part of a more stable company.
And despite the difficulties MRM faces, the company still has some attractive businesses that could interest a stronger rival, observers say.
Last April, XL ...
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