Mutual Management
CTC is a proven specialist in the development and management of mutual insurance associations, and has been managing mutuals for over 120 years.
Mutuals are non profit-making associations whose members pool risks to achieve long-term and stable protection, at cost.
CTC provides the full range of management skills including underwriting, risk assessment, accounting, documentation, claims negotiation and paying, investment and regulatory and compliance functions.
In developing mutuals, CTC helps identify the market need, carries out feasibility studies, identifies the principal issues, carries out financial modelling, designs the structure and deals with all regulatory issues.
CTC manages nine mutuals.
The Standard Group of P&I Clubs, in which there are five mutuals, covers shipowners and operators for their third party liabilities. These clubs cover 83 million gross tons of shipping of all types from all around the world.
Signal covers stevedoring, shipbuilding and other waterfront and offshore employers in the USA and is the country's largest provider of cover for longshore workers' compensation benefits.
London Authorities' Mutual provides property and liability insurance cover to London Local Authorities.
SCALA (Standard Compensation Act Liability Association) provides insurance for Canadian shipowners in respect of their workers' compensation liabilities on Canadian flag ships. The mutual is authorised by the Quebec and Ontario Compensation Boards.
The Stop Loss Mutual provides stop loss and estate protection insurance to both individuals and corporate investors who are members of Lloyd's of London.
