Canadian ICMIF member Co-operators has earned the highest ranking among insurers and highest in the financial sector in Corporate Knights annual Best 50 Corporate Citizens ranking, placing fourth in the overall ranking. Assessed across a wide range of environmental, social, and governance-related sustainability performance indicators, this national recognition continues to underscore the cooperative’s ongoing efforts […]
According to the latest SONAR report from ICMIF Supporting Member Swiss Re, recent scientific research shows up to half a million people globally succumb to the effects of extreme heat each year, exceeding the combined impact of floods, earthquakes and hurricanes. This places the observable increase of extreme heat events among the most important emerging […]
According to ICMIF member Business Council of Cooperatives and Mutuals (BCCM), Australia’s cooperative and mutual sector has ambitions to emulate the UK sector’s planned doubling in size, after recording an 8.4 per cent increase in annual revenue. This announcement came as BCCM published its latest National Mutual Economy (NME) report earlier this month, showing resilience […]
ICMIF Supporting Member Peak Re has announced the establishment and operation of a new subsidiary, Peak Reinsurance North America Ltd. (“Peak Re NA”), based in Bermuda. Peak Re says this new entity reflects its commitment to expanding its global footprint and delivering tailored reinsurance solutions to the North American market. In conjunction with this announcement, […]
ICMIF member Shelter Insurance (USA) is celebrating a remarkable time of recognition, having received two prestigious honours that highlight its commitment to customer satisfaction and industry excellence. The company has once again ranked #1 in the Central Region in J.D. Power’s 2025 U.S. Auto Insurance Study and has also earned a spot on the Forbes […]
Brazilian ICMIF member Seguros Unimed has announced a partnership with Nama, a generative AI platform, to implement artificial intelligence in its call centre. The solution, which was initially trialled last year as a pilot project, will now be expanded to all the company’s segments, such as life, pension plans and dentistry, aimed at improving customer […]
Having committed to contributing to carbon neutrality by 2050 as a member of the Net-Zero Asset Owner Alliance (NZAOA), French ICMIF member MAIF has been implementing a proactive climate strategy for the past five years. After exceeding its initial targets for 2025, the mutual insurer says it is continuing its commitment and accelerating by setting […]
Zenkyoren (Japan) has sponsored the issuance of a catastrophe bond “Nakama Re Series 2025-1 Class 1 Principal At-Risk Variable Notes” (hereinafter “Nakama Re 2025-1 cat bond”) on April 16, 2025 making the world’s first use of bonds issued by the Asian Development Bank (hereinafter “ADB”) as collateral. This marks the first occasion on which ADB […]
After a rigorous selection process, the Board of Directors of ICMIF member Desjardins Group (Canada) announced that Denis Dubois has been appointed as President and CEO. He will step into this role on 2 September 2025. Until then, Guy Cormier, who has served as President and CEO of Desjardins Group since 2016, will continue to lead […]
Amid escalating climate challenges and economic uncertainty, ICMIF member Co-operators (Canada) is building resilience from the household to the community level. In a year of record-breaking climate catastrophes resulting in $8.5 billion in insured losses across Canada, Co-operators 2024 Integrated Annual Report highlights its ongoing commitment to innovating and evolving its business models to help strengthen community resilience […]