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.
* * * * *