Mutual lack of assurance

Article Abstract:

Municipal Mutual Insurance's (MMI) financial problems are likely to result in large premium increases for local authorities. On Oct 1, 1992 MMI suspended claims payments for five days and refused new business. The company was set up specifically to help local authorities in the 1900s. However, diversification into mortgages and home insurance in the 1980s and an unprecedented number of claims have caused difficulties. About 90% of local authorities have benefitted from MMI's low premiums but new premiums are likely to be 40% higher.

Economic aspects, Insurance industry, Local government, Insurance

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Peter Mann

Article Abstract:

Strategic Leisure Managing Director Peter Mann has overseen the company's buy-out from parent company Crest Nicholson PLC. An autonomous position enabled Strategic Leisure to build up a wide client base in leisure consultancy. Mann attributes the company's success to emphasis on client satisfaction. Team management has allowed the maximisation of employee skills. A staff share scheme ensures commitment to success. Future aims include consolidating consultancies in Europe and extending into the Far East.

Officials and employees, Interview, Leisure industry, Mann, Peter, Strategic Leisure

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Waxing lyrical

Article Abstract:

Madame Tussaud's waxworks exhibition, London, England has remained a leading tourist attraction through updating its facilities. Investment of 21 million pounds sterling since 1987 has increased its entertainment potential. New themes areas include the history of the waxworks, Hollywood celebrities and an English garden party. A new dark ride, 'The Spirit of London' will open in spring 1993. Visitors will experience a historical tour of the city enhanced by audio-animatronics.

Innovations, Travel industry, London, England, Recreation, Waxworks, Wax museums

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