At a time when Mutual Risk Management was desperate for cash to meet its liabilities, its then Chairman and CEO, Robert Mulderig, owed the firm an advance of $318,303, according to an SEC filing. Details of the debt, which has
Robert Mulderig has retired as Chairman and CEO of financially troubled Mutual Risk Management Ltd., effective November 1, 2002, according to an MRM filing with the SEC. He has been replaced by David Ezekiel, who is President and Managing Director
Three new civil lawsuits - one in Bermuda and two in the United States - have been filed against members of the Mutual Risk Management group.On July 30, 2002, Aegis Corporation and Principal Insurance Managers filed an action against Mutual Indemnity (Bermuda) Ltd. at Bermuda Supreme Court.
Mutual Risk Management's share price might be dropping like a stone but at least one director is putting his money where his mouth is by snapping up the firm's stock on the open market. Arthur E. Engel has spent $1.43 million buying 120,000 shares on the New York Stock Exchange since December 8, 2000.