Mutual Insurance Company Limited 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 Mutual was created, a freestanding Committee of ANPA member companies requested that Mutual 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, Mutual 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.
Mutual’s libel program protects publishers and broadcasters from most of the perils that face 21st century publishers and broadcasters.