Valmet Group

Isle of Man regulator bans Peter Bond and other ex-Valmet staff

November 30, 2004

Four former employees of the Valmet Group, which was acquired by Bermuda-based Mutual Risk Management in 2001, have been banned from holding corporate office in the Isle of Man.The disqualifications follow proceedings brought at the local High Court of Justice by the Isle of Man Financial Supervision Commission in connection with concealing the proceeds of a U. S. fraudster.

Head of MRM-subsidiary Valmet admits to being ‘economical with the truth’

March 31, 2001

The head of Isle of Man-based Valmet Group, which was recently purchased by Mutual Risk Management, has admitted being "economical with the truth" during a criminal trial in New York. Peter Bond is the chief witness in the trial of former penny stock promoter Robert E. Brennan, who is charged with 13 counts of bankruptcy fraud and money laundering.

Break out the vodka: MRM buys Valmet Group

December 31, 2000

Mutual Risk Management is due to complete the purchase of Bermuda-registered financial services firm Valmet Group by January 2, 2001. In acquiring Valmet, MRM is taking over an entity that has received much international publicity over the last few years due to its ties with Russia.

Mutual Risk to buy Valmet Group

December 22, 2000

Mutual Risk Management, whose share price has been in the doldrums for several months on the New York Stock Exchange (Ticker - 'MM'), is in the process of completing the purchase of the Valmet Group, a financial services group with operations in eight different locations.