ABSTRACT
It is evident that the British public is inclined to skepticism in regard to American insurance matters. This fact is emphasized by very recent happenings in London in which the Mutual Life Insurance Company, of this city, is vitally interested. Incidentally, it may be stated that the Mutual has done, in the past, a very considerable English business. The company was formerly represented and managed in London by D. C. Haldeman. 1 The developments regarding the management of the Mutual and the expenditures of Andrew C. Fields and certain other extravagances and gross abuses created a feeling of distrust on the part of the English policyholders in the Mutual, which has not been allayed by the present reform management. The result has been the withdrawal of Mr. Haldeman as London manager, and of his affiliation with the North British and Mercantile Insurance Company, of London, which company now seeks to take over the Mutual’s English business. Cables to The New York Times indicate that the so called process of “twisting” is meeting with much success and there appears to be a considerable number of persons now holding policies with the Mutual who are now and will be eager to avail themselves of the North British and Mercantile Insurance Company’s offer to reinsure them. The text of the circular 2 issued under the inspiration of Mr. Haldeman, as printed in the Times (New York) is given below:
