The Local Government Mutual is owned by and operated for the benefit of its members. As a Mutual we don’t have shareholders expecting a return on investment. All Councils that are members of the Local Government Association can apply to join the Mutual.
The Local Government Mutual is designed by local government, for local government – bringing together the necessary expertise to help you get the most from your risk cover arrangements.
As a mutual, we don’t have external shareholders, our members control how the Mutual is run.
The Local Government Mutual’s operating model is that of a hybrid discretionary mutual, which means:
The Mutual pools the contributions from its members to cover the cost of low-level expected losses. Insurance is arranged to protect against larger, unexpected losses and accumulations of losses.
The Mutual’s Board has the discretion to pay claims which are, in practice, settled in accordance with the protection wording. In exercising its discretion the Board can approve claims that fall outside the terms of a Member’s protection, if it considers this to be appropriate.
The Mutual’s contracts with its members fall within the exemption in regulation 12(4) of the Public Contracts Regulations 2015 as the Mutual is controlled by the Contracting Authorities comprising its membership.
Fourteen councils, along with the Local Government Association (LGA), have joined together to establish the new Local Government Mutual, bringing together expertise and best practice to help authorities control their cost of cover.
Ian qualified as a Fellow of the Institute and Faculty of Actuaries in 1998 and has over 20 years’ experience in insurance. Prior to joining the Government Actuary’s Department in 2012 he held senior roles at both Aviva (formerly Norwich Union) and Munich Re.
Local Government Mutual Limited is a company registered in England and Wales with registered number 11339811 and its registered office at 18 Smith Square, London, SW1P 3HZ.
Local Government Mutual Limited (FRN:820223) is an appointed representative of Regis Mutual Management Limited which is authorised and regulated by the Financial Conduct Authority, FRN: 479202.
Local Government Mutual Limited is managed by LGM Management Services Limited, a company registered in England and Wales with registered number 11344946 and its registered office at 8 Maltings Place, 169 Tower Bridge Road, London, SE1 3JB.
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