American Agricultural Insurance Company, a global provider of reinsurance services and one of ICMIF’s North American member organisation, has announced a rebrand aimed at aligning the company’s image with its current mission, vision, and role in the marketplace. The company will now refer to itself as AmericanAg™, a name that honours its roots as a […]
In an announcement today, ICMIF’s Supporting Member AM Best said its continued stable outlook on the global reinsurance industry is reflective of negative market forces, predominantly driven by the COVID-19 pandemic, social inflation and previous years’ property catastrophe events, being offset by hardening rates and a re-assessment of third-party capital investor appetite. In its new […]
Italian ICMIF member the Unipol Group has integrated the principles of sustainability into its investment choices, as a fundamental part of the organisation’s commitment to contributing to the achievement of the UN 2030 Agenda objectives. A recent article in Unipol’s online magazine Changes, examines the question of whether there will be an acceleration towards sustainability […]
Acting responsibly is a tradition for German ICMIF member R+V Versicherung. The cooperative insurer has this week announced that it has signed the Principles for Responsible Investment (PRI) supported by the United Nations (UN). The goal of the PRI international investor network of asset managers, banks and insurance companies from around 80 countries is to […]
Swedish ICMIF member Folksam has announced a SEK 10 billion (USD 1.1 billion) investment in the real estate credit fund Brunswick Real Estate Capital III (BREC III). This is Folksam’s single largest investment ever. The fund will focus on commercial properties with clear sustainability goals. Through a strong institutional capital base, with investors such as […]
Canadian ICMIF member Wawanesa Mutual Insurance Company (Wawanesa) has announced that it has successfully brought commercial and garage property products onto its Guidewire InsuranceSuite™ platform, placing Wawanesa among the first insurance providers in Canada to have its entire product suite online. These new digital capabilities support Wawanesa and its broker community in the goal of […]
ICMIF member MAS (New Zealand) has announced that it will be returning NZD 1.7 million (USD 1.1 million) in savings made on reduced motor vehicle claims during the COVID-19 lockdown to its members. This pass-back forms a major pillar of the MAS Relief Package which the mutual launched in April, which was established to help […]
UK ICMIF member Cornish Mutual has pledged to provide communities across the South West of England with 1,000 hours of volunteering during 2020. The rural insurer is actively supporting its employees in their efforts to volunteer across a wide range of good causes in their own neighbourhoods. Last year, the Cornish Mutual team totalled-up around […]
Covid-19 has caused major disruption to how businesses are able to work in the UK and as lockdown lifts, adapting to the new normal is crucial to survival for many says UK ICMIF member Ecclesiastical. The mutual specialist insurer has therefore used its risk expertise to help businesses prepare. To help businesses develop a strategic […]
Canadian ICMIF member The Commonwell Mutual Insurance Group has been named a Five-Star Carrier in Insurance Business Canada magazine’s annual Five-Star Carriers report. The prestigious list spotlights the companies that have received the highest ratings in this year’s broker’s survey of insurance carriers nationwide by consistently providing top-notch service. Insurance Business Canada asked hundreds of […]