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Mutual Insurance Company "MIC" was incorporated by an Act of Parliament in Bermuda on March 30, 1961 and began underwriting a strike insurance program for members of the American Newspaper Publishers Association (ANPA).

Shortly after MIC was created, a freestanding Committee of ANPA member companies requested that MIC explore the possibility of structuring a viable libel insurance program for ANPA members, which would be more responsive to publishers' needs than coverage then obtainable from commercial insurers.


After a feasibility study, MIC entered the libel field on August 1, 1963 with a program open to ANPA members. Reinsurance was provided by the London market, which had participated in the structure and pricing of this new program prior to its inception.

Today, the libel insurance program is open to all media companies, large and small, urban and rural, located in North America and in selected Caribbean countries. These media companies utilize print, television broadcast, radio broadcast, cable, online, and digital delivery of original and licensed content.


MIC’s libel program protects publishers and broadcasters from most of the perils that face 21st century publishers and broadcasters.



MIC Ltd. is rated A- (Excellent) with a stable outlook by AM Best.


The Company has long emphasized the importance of a strong balance sheet to provide for prompt claims settlement under its indemnity policies, and a reinsurance program that is limited to highly rated reinsurers.




Risk management is an integral part of our strategic planning and solvency self-assessment process. Our risk management framework is a formal structure for risk governance and risk-based decision making that continues to evolve with the business.  MIC is exposed to a spectrum of risks including insurance, market, credit, liquidity and operational risks.  Management of those risks comprises an enterprise-wide approach, which involves defining, monitoring, measuring and mitigating risks and their inter-relationships. 


As an insurer regulated by the Bermuda Monetary Authority, we annually publish our Financial Condition Report.

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