Mutual Risk to take $4.3 m first quarter charge

Mutual Risk Management announced on March 30 that it would take a first-quarter charge of $4.3 million or ten cents per share on a buy-back of subordinated debentures. The company stated that it had spent $107.7 million to buy back 5.25 per cent zero coupon subordinated debentures with a face value of $236 million.