<PAGE>


                         UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                    WASHINGTON, D.C.  20549

                           FORM 10-Q

     (X)  Quarterly report under section 13 or 15(d) of the
     Securities Exchange Act of 1934.   For the quarter ended
     September 30, 1997.

                               or

     (  ) Transition report pursuant to section 13 or 15(d) of
     the Securities Exchange Act of 1934.  For the transition
     period from            to           .

                Commission File Number:  1-11920


                      MMI Companies, Inc.
     (Exact name of registrant as specified in its charter)

           Delaware                         36-3263253
(State or other jurisdiction of           (IRS Employer
incorporation or organization)         Identification No.)

      540 Lake Cook Road, Deerfield, Illinois  60015-5290
            (Address of principal executive offices)

                         (847) 940-7550
      (Registrant's telephone number, including area code)

                        Not applicable
     (Former name, former address and former fiscal year,
                  if changed since last report)

Indicate by a check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes  X    No

There were 11,699,013 shares outstanding of the registrant's
common stock, $0.10 par value, as of September 30, 1997.





                          Page 1 of 12



<PAGE>

              MMI Companies, Inc. and Subsidiaries

                             Index

<TABLE>
<CAPTION>
                                                          
                                                               Page No.
<S>                                               <C>
Part I.  Financial Information                          

          Item 1.  Financial Statements                  

               Consolidated Balance Sheets             3

               Consolidated Statements of              4
               Income

               Consolidated Statements of              5
               Stockholders' Equity

               Consolidated Statements of              6
               Cash Flows

               Notes to Consolidated                   7
               Financial Statements

          Item 2.  Management's Discussion          8-10
                   and Analysis of
                   Financial Condition and
                   Results of Operations


Part II.  Other Information                             

          Item 6.  Exhibits and Reports on            11
                   Form 8-K

          Signatures                                  12

EXHIBITS:                                               

      11.   Statement Re Computation of Per             
            Share Earnings.
      27.   Financial Data Schedule.                      
      10.10 Amended and Restated Retirement Equity Plan
      10.11 Return on Equity Incentive Plan 

</TABLE>

<PAGE>
                MMI Companies, Inc. and Subsidiaries
                     Consolidated Balance Sheets
                (In thousands, except per share data)
<TABLE>
<CAPTION>
                                            September 30,    December 31,
                                               1997            1996
                                             (Unaudited)
<S>                                                       
                                              <C>         <C>
ASSETS                                                              
   INVESTMENTS                                                      
       Short-term investments............     $34,587     $42,777
       Fixed maturities..................     691,109     727,080
       Other.............................      51,802      18,594
                                                                    
                                              777,498     788,451
   OTHER ASSETS                                                     
       Cash..............................       1,654       1,079
       Premium and fees receivable.......      70,886      58,611
       Reinsurance receivables...........     109,725     101,175
       Prepaid reinsurance premiums......      13,547       9,711
       Accrued investment income.........      10,549      11,116
       Cost in excess of net assets of                              
         purchased subsidiaries,
         less accumulated amortization...      23,141      16,244
       Furniture and equipment - at cost,                           
         less accumulated depreciation...      11,341       9,076
       Deferred income taxes.............      44,960      46,459
       Other.............................      20,781      16,096

                                            1,084,082  $1,058,018
LIABILITIES AND STOCKHOLDERS' EQUITY                                
   LIABILITIES                                                      
       Policy liabilities:                                          
          Loss and loss adjustment expense reserves:
             Medical malpractice liability. $ 615,384   $ 620,673
             Life and health...............    10,692       7,779
             Other.........................     2,875       3,121
                                              628,951     631,573
          Unearned premium reserves........    72,441      55,679
          Future life policy benefits......     8,460       8,578
                                              709,852     695,830
       Accrued expenses and other                                   
        liabilities........................    19,120      28,051
       Amounts due to reinsurers...........    21,294      24,171
       Long-term notes payable.............    58,000      58,000
                                              808,266     806,052
   STOCKHOLDERS' EQUITY                                             
      Common Stock, par value $.10 per share:
          Authorized shares: 1997 and 1996 - 30,000
          Issued and outstanding shares:                            
           1997 - 11,699; 1996 - 11,625....     1,170       1,162
      Additional paid-in capital...........   136,525     135,183
      Retained earnings....................   121,528     102,830
      Unrealized gains on investments, net                          
         of taxes:
         1997 - $8,935; 1996 - $6,887......    16,593      12,791
                                              275,816     251,966
                                           $1,084,082  $1,058,018

       </TABLE>See notes to consolidated financial statements.

                                  
<PAGE>


              MMI Companies, Inc. and Subsidiaries
                Consolidated Statements of Income
              (In thousands, except per share data)
                            Unaudited
<TABLE>
<CAPTION>    
                                  Three Months          Nine Months
                                Ended September 30,  Ended September 30,
                                1997        1996     1997        1996
                                                       
<S>                             <C>         <C>      <C>         <C>
REVENUES                                                                
                                                                        
Insurance premiums earned:                                               
   Medical malpractice 
    liability................   $38,904     $39,074  $114,789    $116,944
   Life and health...........     1,406       2,055     3,832       6,009
                                 40,310      41,129   118,621     122,953

Consulting and fee income....    13,492       9,416    38,800      25,044
Net investment income........    12,280      10,967    35,568      32,620
Net realized gains (losses)                                              
  on investments.............       673      (1,188)    2,303        (186)
  TOTAL REVENUES.............    66,755      60,324   195,292     180,431
                                                                         
LOSSES AND EXPENSES                                                    
                                                                       
Losses and loss adjustment expenses:
   Medical malpractice 
    liability................    32,555      32,743   94,649       98,182
   Life and health...........       594       1,341    2,858        3,627
                                 33,149      34,084   97,507      101,809
Insurance and administrative                                       
   expenses..................    24,524      19,075   72,079       54,861
Interest expense.............       904         896    2,682        2,498
   TOTAL LOSSES AND EXPENSES.    58,577      54,055  172,268      159,168

   INCOME BEFORE INCOME TAXES     8,178       6,269   23,024       21,263
Income taxes.................       535          93    1,861        1,328
   NET INCOME................   $ 7,643     $ 6,176  $21,163      $19,935



Earnings per common and                                               
   common equivalent share:
                                                                      
Primary......................   $   .64     $  .59    $ 1.77      $ 1.93    

Fully diluted................       .64        .59      1.76        1.93

</TABLE>
         See notes to consolidated financial statements.

<PAGE>
                MMI Companies, Inc. and Subsidiaries
           Consolidated Statements of Stockholders' Equity
                (In thousands, except per share data)
<TABLE>
<CAPTION>

                                                        Unrealized    Total
                   Common Stock  Additional           Gains (Losses)  Stock-
                   Number   Par   Paid-In   Retained  on Investments  holders'
                 of Shares Value  Capital   Earnings   Net of Taxes   Equity

<S>               <C>       <C>    <C>       <C>       <C>           <C>
Balance at 
December 31,1995. 9,675     $ 967  $82,645   $84,361   $18,490       $186,463
                                                                      
Year ended 
December 31,1996:
Net income.......                             21,015                   21,015
Issuance of Common 
Stock in connection 
with public offering
net of expenses
of $2,866........ 1,626      163    46,162                             46,325
Issuance of Common   
Stock in connection 
with acquisition of
subsidiaries.....    65        7     1,284                              1,291
Issuance of Common
Stock in connection 
with employee
benefit plans and 
exercise of employee
stock options.....  259       25     5,092                              5,117
Change in unrealized
gains, net of taxes                                                  
of $3,070.........                                      (5,699)        (5,699)
Common cash 
dividends ($.24 per
share)............                             (2,546)                 (2,546)
Balance at December
31,1996........... 11,625  1,162    135,183   102,830   12,791        251,966

                                                                       
Nine months ended                                                      
September 30, 1997
(unaudited):
Net income........                             21,163                  21,163
Issuance of Common                                                  
Stock in connection                                        
with acquisition  
ofsubsidiary......    105     11      2,491                             2,502
Issuance of Common                                                  
Stock in connection                                                    
with director    
and employee benefit  
plans and exercise of
employee stock
options...........     90      9      1,678                             1,687
Common Stock 
repurchased.......   (121)    (12)   (2,827)                           (2,839)
Change in                                                           
unrealized gains, 
net of taxes of                                                 
$2,048...........                                        3,802          3,802
Common cash                                                   
dividends ($.21 
per share).......                               (2,465)                (2,465)
Balance at 
September 30, 1997
(unaudited)......  11,699  1,170    136,525    121,528  16,593        275,816
</TABLE>
                                  
                                  
           See notes to consolidated financial statements.
<PAGE>
                MMI Companies, Inc. and Subsidiaries
                Consolidated Statements of Cash Flows
                           (In thousands)
                              Unaudited
<TABLE>
<CAPTION>

                                                   Nine Months
                                                Ended September 30,
                                                1997         1996
<S>                                                       
                                                <C>          <C>
OPERATING ACTIVITIES                                      
    Net income.........................         $  21,163    $  19,935
    Adjustments to reconcile net income to net 
      cash provided (used) by operating activities:
       Increase in policy liabilities..            14,022        1,651
       Change in reinsurance balances..           (15,263)       1,044
       Increase in premiums receivable.           (11,891)     (15,183)
       Change in deferred income taxes
       and fees........................              (548)         403
       Increase in accrued investment
        income and other assets........            (3,994)      (5,121)
       Decrease in accrued expenses and 
        other liabilities..............            (9,221)         (79)
       Net realized (gains) losses on
        investments....................            (2,303)         186
       Depreciation and amortization on                       
        investments and goodwill.......             3,184        2,568
        Net cash provided (used) by
         operating activities...........           (4,851)       5,404
                                                                  
INVESTING ACTIVITIES                                              
       Net sale (purchase) of short-term                     
        investments.....................            9,340      (37,385)
       Purchases of available-for-sale                        
        investments.....................         (260,177)    (299,555)
       Sales of available-for-sale                            
        investments.....................          231,406      253,099
       Maturities of available-for-sale                       
        investments.....................           41,807       47,480
       Acquisitions of subsidiaries.....           (8,281)      (8,904)
       Furniture and equipment                                
        additions.......................           (5,052)      (4,164)
        Net cash provided (used) by                         
         investing activities...........            9,043      (49,429)
                                                                  
FINANCING ACTIVITIES                                              
       Issuance of Common Stock.........            1,687       38,655
       Repurchases of Common Stock......           (2,839)           -
       Payments on notes payable........                -         (750)
       Proceeds from notes payable......                -        9,000
       Dividends........................           (2,465)      (1,849)
        Net cash provided (used) by                         
         financing activities...........           (3,617)      45,056
                                                                  
        Increase in cash................              575        1,031
 Cash at beginning of period............            1,079          439
        Cash at end of period...........        $   1,654    $   1,470

</TABLE>
           See notes to consolidated financial statements.
<PAGE>

               MMI Companies, Inc. and Subsidiaries
            Notes to Consolidated Financial Statements
                        September 30, 1997

1. Basis of Presentation

     The  accompanying unaudited consolidated financial statements
  have been prepared in accordance with generally accepted
  accounting principles for interim financial information.
  Accordingly, they do not include all of the information and
  footnotes required by generally accepted accounting principles
  for complete financial statements.   In the opinion of
  management, all adjustments (consisting of normal recurring
  accruals) considered necessary for a fair presentation have been
  included.  Operating results for the nine month period ended
  September 30, 1997 are not necessarily indicative of the results
  that may be expected for the year ending December 31, 1997.   For
  further information, refer to the consolidated financial
  statements and notes thereto included in the Company's 1996
  Annual Report on Form 10-k, as amended to date.
     

2. Acquisition of Equifax Medical Credentials Verification Services
   and PRM, Inc.

     Effective January 1,1997, the Company purchased substantially all
  of the net assets of Equifax Medical Credentials Verification
  Services (EMCVS), a unit of Atlanta-based Equifax, Inc., and
  acquired by merger all of the outstanding stock of Professional
  Risk Management, Inc. (PRM), a privately held California third
  party administrator that specializes in managing enterprise 
  liability risk for organizations that self-insure.

     Assets acquired, liabilities assumed, and cost in excess of
     net assets purchased were as follows (in thousands):
<TABLE>
<CAPTION>
     <S>                                             <C>
     Cost in excess of net assets purchased........  $  9,177
     Cash..........................................       566
     Other assets, principally investments.........     2,570
     Other liabilities.............................      (689)
                                                     $ 11,624
</TABLE>
     These acquisitions were accounted for as purchases, and the
  operations of EMCVS and PRM are included in MMI's consolidated
  financial statements since their dates of acquisition.
  
  
3. Accounting Change

     In  February 1997, the Financial Accounting Standards Board
  issued  Statement No. 128, Earnings Per Share, which is required
  to be adopted on December 31, 1997.  At that time, the Company
  will be required to change the method currently used to compute
  earnings per share and to restate all prior periods.  Under the
  new requirements for calculating primary earnings per share, the
  dilutive effect of stock options will be excluded.   The impact
  is expected to result in an increase in primary earnings per
  share of $.01 and $.03 for the quarter ended September 30, 1997
  and 1996, respectively, and for the nine months ended September
  30, 1997 and 1996 of $.04 and $.08 per share, respectively.  The
  impact of Statement 128 on the calculation of fully diluted
  earnings per share for these periods is not expected to be
  material.
     
     
4. Pending Acquisition of Unionamerica Holdings plc.

     On  June 25, 1997, MMI announced the signing of an Acquisition
  Agreement in connection with the proposed acquisition of
  Unionamerica Holdings plc (Unionamerica) by MMI in a stock for
  stock transaction.  Under the terms of the Agreement, which has
  been approved by the Boards of Directors of MMI and
  Unionamerica, MMI will take a share for share offer to acquire
  the whole of the issued capital of Unionamerica ("the Offer").
  Under the terms of the Offer, MMI will offer to acquire each
     <PAGE>
  American Depository  Share (ADS), representing one Ordinary Share
  of Unionamerica, for 0.836 share of MMI Common Stock through a 
  tender offer.   The offer will be made only pursuant to a tender 
  offer and Prospectus at such time as a registration statement covering
  MMI's Common Stock is declared effective by the Securities and
  Exchange Commission.  A Registration Statement on Form S-4 was
  filed with the Securities and Exchange Commission on July  25,
  1997 and went effective on November 5, 1997.   It is contemplated 
  that the proposed acquisition will be accounted for as a 
  pooling-of-interests for accounting purposes.  Under this accounting  
  treatment, the accounts of MMI and Unionamerica will be 
  combined for all past and future periods after the Offer becomes 
  or is declared unconditional in all respects.
     
Item   2.    Management's  Discussion  and  Analysis  of  Financial
             Condition and Results of Operations

Results of Operations

   Nine Months Ended September 30, 1997 compared to Nine Months
   Ended September 30, 1996.

  Revenues.   Gross and net premiums written were relatively
unchanged for the nine months ended September 30, 1997.   Gross
written premiums were $171,491,000 compared to $170,516,000 for the
1996 period and net written premiums were $131,487,000 compared to
$131,737,000 for the same periods.  Net premiums earned decreased
by 3.5% for the nine months to $118,621,000 from $122,953,000.  For
the three months ended September 30, 1997 gross premiums written
increased by 4.8% to $40,994,000 from $39,108,000, net premiums
written were unchanged at $31,527,000 compared to $31,512,000, and
net premiums earned decreased by 2.0% to $40,310,000 from
$41,129,000.

  Medical malpractice premiums earned decreased by 1.8% to
$114,789,000 for the nine months ended September  30, 1997 from
$116,944,000 for the 1996 period and decreased 0.4% to $38,904,000
from $39,074,000 for the three month period.  The Company's
quarterly written and earned premiums can vary significantly from
quarter to quarter due to one-time premiums, such as prior acts
coverage for new insureds.  The decrease in premiums written and
earned for the three and nine months ended September 30, 1997 is
primarily due to higher one-time premiums in the 1996.  Pricing for
healthcare systems has remained relatively stable and pricing for
physician groups has improved modestly. The Company's pricing is
heavily influenced by the loss history of the insured over time.
Life and health premiums earned decreased by 36.2%, to $3,832,000
for the nine months ended September 30, 1997 from $6,009,000 for
the 1996 period and decreased by 31.6% to $1,406,000 from
$2,055,000 for the three month period.

  Consulting and fee income increased by 54.9% to $38,800,000 for
the nine months ended September 30, 1997 from $25,044,000 for the
1996 period and increased by 43.3% to $13,492,000 from $9,416,000
for the three month period.  The growth in consulting and fee
income is primarily attributable to the inclusion of the results of
EMCVS and PRM from their date of acquisition, January 1, 1997 and
the inclusion of the results of Management Science Associates, Inc.
(MSA) from the date of its acquisition, April 1, 1996.  Consulting
and fee income as a percentage of net premiums earned and
consulting and fee income was 24.6% for the nine months ended
September 30, 1997 compared to 16.9% in 1996.

  Net investment income increased by 9.0% to $35,568,000 for the
nine months ended September 30, 1997 from $32,620,000 for the 1996
period and increased by 12.0% to $12,280,000 from $10,967,000 for
the three month  period.  The Company had net realized gains on
investments of $2,303,000 for the nine months ended September 30,
1997 compared to net realized losses of $186,000 for the 1996
period.  For the three month period, the Company had net realized
gains of $673,000 in 1997 compared to net realized losses of
$1,188,000 in 1996.

Losses  and expenses.  Losses and loss adjustment expenses ("LAE")
decreased by 4.2% to $97,507,000 for the nine months ended
September 3, 1997 from $101,809,000 for the 1996 period and
decreased by 2.7% to $33,149,000 from $34,084,000 for the three
month period.  Medical malpractice liability losses and LAE
decreased by 3.6% to $94,649,000 for the nine months ended
September 30, 1997 from $98,182,000 for the 1996 period and
decreased by 0.6% to $32,555,000 from $32,743,000 for the three
month period.  Losses and LAE decreased due to a decrease in

<PAGE>
premiums earned in the third quarter and nine months and a slight 
reduction in the property and casualty loss ratio for the nine months.   
The insurance group loss ratio decreased slightly to 82.2% from 82.8%
for the nine months and decreased to 82.2% from 82.9% for the three
month period.  Life and health benefit costs decreased by $769,000
or 21.2% to $2,858,000 for the nine months ended September 30, 1997
from $3,627,000 for the 1996 period.  Life and health benefit costs
declined due to a decrease in premiums earned partially offset by
an increase in the loss ratio to 74.5% for the nine month 1997
period compared to 60.4% for the 1996 period.

  Insurance and administrative expenses increased by 31.4% to
$72,079,000 for the nine months ended September 30, 1997 from
$54,861,000 for the 1996 period and increased by 28.6% to
$24,524,000 from $19,075,000 for the three month period.  The
increase in administrative expense is attributable to increased
consulting and fee income, increased commission expense due to a
greater percentage of business acquired through brokers and the
inclusion of the results of acquired businesses, including MSA in
April 1996 and EMCVS and PRM in January 1997.

   Interest expense increased by 7.4% to $2,682,000 for the nine
months ended September 30, 1997 from $2,498,000 for the 1996 period
due primarily to an increase in outstanding debt.  For the three
month period interest expense was $904,000 in 1977 compared to 
$896,000 in the prior period.

  Income  taxes.  Income taxes were $1,861,000 for the nine months
ended September 30, 1997 compared to $1,328,000 for the 1996 period
and for the three month period were $535,000 in 1997 compared to
$93,000 in 1996.  The increase in income taxes is primarily due to 
realized investments gains in 1997 and realized investment losses 
in 1996.

  Net  income.  Net income increased by 6.2% to $21,163,000 for the
nine  months ended September 30, 1997 from $19,935,000 for the 1996
period and increased 23.8% to $7,643,000 in 1977 from $6,176,000  
for the three month period.

   Net  income per share.  Fully diluted net income per common  and
common equivalent  share decreased to $1.76 for the nine months
ended September 30, 1997 from $1.93 for the 1996 period.  Included
in these amounts are $.12 in net realized gains, net of taxes, in
1997 and $.01 in net realized losses, net of taxes, in 1996.  Fully
diluted earnings per common and common equivalent share before
realized gains, net of taxes, decreased to $1.64 for the nine
months ended September 30, 1997 from $1.94 for the 1996 period.
Fully diluted weighted average shares and equivalents outstanding
increased primarily due to a public offering of stock by the
Company in September, 1996.
  
  For the three month period fully diluted net income per common
and common equivalent share increased to $.64 from $.59 in the
prior period.  This amount includes net realized gains, net of taxes,
of $.04 in 1997 and net realized losses, net of taxes, of $.07 in
1996.  Fully diluted earnings per common and common equivalent
share before net realized gains (losses), net of taxes, decreased to
$.60 from $.66 for the three month period.

Liquidity And Capital Resources

  As a holding company, the Company's assets consist primarily of
the stock of its subsidiaries.  The principal sources of funds are
management fees and dividends from subsidiaries.  In the nine month
periods ended September 30, 1997 and 1996 the Company received
dividends of $8,250,000 from its subsidiaries.   The Company
received management fees from its subsidiaries of $20,413,000 for
the nine months ended September 30, 1997, compared to $17,400,000
in 1996.

  On a consolidated basis, the Company's principal sources of
operating funds are premiums, investment income, fees and
recoveries from reinsurers.   Funds are used to pay claims,
operating expenses, reinsurance premiums, acquisition related
expenses, debt service requirements, taxes and dividends to
stockholders.

  Cash used by operating activities was $4,851,000 for the nine
months ended September 30, 1997 compared to cash provided of
$5,404,000 for the nine months ended September 30, 1996. Cash from
operations decreased primarily due to increased receivables during
the first nine months of 1996 and a decrease in accrued expenses and 
other liabilities in 1997.  Because of variability related to
the timing of payment of claims, cash from operations for a
casualty insurance company can vary substantially from quarter to
quarter.

Cash provided by investing activities was $9,043,000 for the nine
months ended September 30, 1997 compared to cash used of
$49,429,000 for the nine months ended September 30, 1996.  The
increase in cash provided by investing activities was primarily due
to the sale of short-term investments to fund 1997 acquisitions.
<PAGE>
  Cash used by financing activities was $3,617,000 for the nine
months ended September 30, 1997 compared to cash provided of
$45,056,000 for the nine months ended September 30, 1996 and is due
to the repurchase of the Company's stock during the first and
second quarter of 1997 and proceeds from the Company's public stock
offering in September 1996.

   The Company invests in investment grade fixed income securities
and preferred stocks.  The carrying value of the Company's short-
term, fixed maturity and preferred stock investments was
$777,498,000 as of September 30, 1997 compared to $788,451,000 as
of December 31, 1996.  The September 30, 1997 amount includes net
unrealized gains of $25,528,000 which represent the amount by which
the estimated fair value of the investment portfolio exceeds
amortized cost.   Unrealized gains as of December 31, 1996 were
$19,678,000.   The increase in unrealized gains during the first
nine months of 1997 was due to a decrease in the general level of
interest rates in 1997.  The Company maintains a portion of its
investment portfolio in high quality, short-term securities to meet
its short-term operating liquidity requirements, including the
payment of claims and expenses.  Short-term investments totaled
$34,587,000 or 4.4% of invested assets at September 30, 1997.  The
Company believes that all of its invested assets are readily
marketable.

  Long-term debt at September 30, 1997 remained unchanged at
$58,000,000 from December 31, 1996.

  Stockholders' equity was $275,816,000 as of September 30, 1997
compared to $251,966,000 as of December 31, 1996.   Dividends to
stockholders were $2,465,000 for the nine months ended September
30, 1997.

Acquisition of EMCVS and PRM

  Effective January 1, 1997 the Company purchased substantially all
of the net assets of EMCVS and all of the outstanding stock of PRM.
EMCVS provides credentials verification services to the healthcare
industry via on-line access to a comprehensive credentials
database.  PRM is a third party administrator that specializes in
managing enterprise liability risk for organizations that self-
insure.  The combined purchase price for these two transactions,
which together had total revenues in 1996 of approximately
$7,000,000, was $11,624,000 including expenses.



<PAGE>

                   PART II.  OTHER INFORMATION




Item 6.  Exhibits and Reports on Form 8-K

  A.Exhibits

         11.   Statement Re Computation of Per Share Earnings.
         27.   Financial Data Schedule.
         10.10 Amended and Restated Retirement Equity Plan.
         10.11 Return on Equity Incentive Plan.

  B.     Reports  on Form 8-K.  No reports on Form 8-K  were  filed
         during the quarter.




<PAGE>

                            SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of
1934,  the  registrant has duly caused this report to be signed  on
its behalf by the undersigned thereunto duly authorized.


                                        MMI Companies, Inc.
                                           (Registrant)



Date: November 12, 1997                 /s/ B. Frederick Becker
                                          B. Frederick Becker
                                          Chairman and Chief
                                          Executive Officer


Date: November 12, 1997
                                        
                                        /s/ Paul M. Orzech
                                          Paul M. Orzech
                                          Executive Vice President and
                                          Chief Financial Officer