0001021408-01-506949.txt : 20011008 0001021408-01-506949.hdr.sgml : 20011008 ACCESSION NUMBER: 0001021408-01-506949 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010917 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20010918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUTUAL RISK MANAGEMENT LTD CENTRAL INDEX KEY: 0000826918 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10760 FILM NUMBER: 1739852 BUSINESS ADDRESS: STREET 1: 44 CHURCH ST STREET 2: BERMUDA CITY: HAMILTON HM 12 BERMU STATE: D0 BUSINESS PHONE: 4412955688 MAIL ADDRESS: STREET 1: PO BOX 2064 STREET 2: BERMUDA CITY: HAMILTON HM HX STATE: D0 8-K 1 d8k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) SEPTEMBER 17, 2001 MUTUAL RISK MANAGEMENT LTD (EXACT NAME OR REGISTRANT SPECIFIED IN ITS CHARTER) STATE OR OTHER COMMISSION IRS EMPLOYER JURISDICTION FILE NUMBER: IDENTIFICATION OF INCORPORATION: NUMBER: BERMUDA 1-10760 NOT APPLICABLE 44 CHURCH STREET HAMILTON HM12 BERMUDA (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE - (441) 295-5688 2 ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE 1. On September 17, 2001, Mutual Risk Management Ltd ("MRM") issued an announcement related to the September 11, 2001 terrorist attack in New York, New York and its anticipated impact on MRM's third quarter 2001 results. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (b) Exhibits. 99.1 Press Release dated September 17, 2001, related to the September 11, 2001 terrorist attack in New York, New York and its anticipated impact on MRM's third quarter 2001 results. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: September 18, 2001 MUTUAL RISK MANAGEMENT LTD. By: -------------------------------------- Andrew Cook Chief Financial Officer EXHIBIT INDEX EXHIBIT NO. DESCRIPTION ------- ----------- 99.1 Press Release dated September 17, 2001, related to the September 11, 2001 terrorist attack in New York, New York and its anticipated impact on MRM's third quarter 2001 results. EX-99.1 3 dex991.txt PRESS RELEASE, DATED SEPTEMBER 17, 2001 EXHIBIT 99.1 ------------ MUTUAL RISK MANAGEMENT STATEMENT ON THE WORLD TRADE CENTER TRAGEDY - NO ADVERSE IMPACT ON EARNINGS CONTACT: Robert Mulderig, Chairman & CEO Andrew Cook, Senior Vice President & CFO (800) 772-0849 or (441) 295-5688 Hamilton, Bermuda, September 17th, 2001 "All of us at Mutual Risk Management are shocked and saddened by the unparalleled tragedy that took place in the United States on Tuesday. Our thoughts and prayers go out to all the families and friends of the victims," said Robert A. Mulderig, Chairman and CEO. Based on a preliminary analysis of its exposure, Mutual Risk does not expect any material adverse impact on earnings from Tuesday's events. Mr. Mulderig stated: "As a large commercial insurer in the United States, we will pay claims related to the World Trade Center tragedy in both our Corporate Risk Management and Specialty Insurance business segments. These claims will arise from workers' compensation coverage, limited business interruption coverage, as well as a participation on an aviation policy that provided liability coverage to one of the airlines involved. However, we expect that these claims will be fully covered by reinsurance provided by a combination of our Insurance Profit Center "rent-a-captive" operations and the commercial reinsurance market." Mutual Risk Management Ltd. provides risk management services to clients in the United States, Canada and Europe seeking alternatives to traditional commercial insurance for certain of their risk exposures, as well as financial services to offshore mutual funds and other companies. Mutual Risk Management Ltd. (MM) Common Shares are listed on the New York and Bermuda stock exchanges. This press release contains forward-looking statements which involve inherent risks and uncertainties. Statements that are not historical facts, including statements about MRM's beliefs, plans or expectations, are forward-looking statements. These statements are based on current plans, estimates and expectations. Actual results may differ materially from those projected in such forward-looking statements and therefore you should not place undue reliance on them. A non-exclusive list of the important factors that could cause actual results to differ materially from those in such forward-looking statements includes the following: (a) the timely and full recoverability of reinsurance placed by Mutual Risk with third parties; (b) adverse developments in the world's insurance, reinsurance and financial markets; and (c) the other factors set forth in Mutual Risk's most recent report on Form 10-K and Mutual Risk's other documents on file with the Securities and Exchange Commission. Mutual Risk undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. * * * * *