Mutual Management
Charles Taylor 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.
Charles Taylor provides the full range of management disciplines including underwriting, risk assessment, accounting, documentation, claims handling, investment and regulatory and compliance functions.
When developing mutuals, Charles Taylor helps identify the market need, carries out feasibility studies, finanical modelling identifies the principal issues, designs the structure and deals with all regulatory issues.
Mutuals managed by Charles Taylor
The Standard Group of P&I Clubs, in which there are three mutuals, covers shipowners and operators for their third party liabilities. These clubs insure 123 million gross tons of shipping of all types from all around the world.
Signal insures 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.
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.
