Earlier this month, ICMIF member British Friendly (UK) announced its Income Protection claims data for 2024 with a key highlight being the total of claims paid to members which reached over GBP 5 million. British Friendly said 86% of all Income Protection claims were paid and 94% of all claims over the last 20 years […]
ICMIF member GF Forsikring, one of Denmark’s leading mutual insurers, has reported a strong set of results for 2024, highlighting continued growth, record member numbers, and a solid financial performance—all achieved without any extraordinary price increases. With over 22,000 new members joining in 2024, many of whom still visit the 48 local offices across Denmark, […]
In a joint collaboration between the United Nations Development Programme (UNDP), the Province of Misiones in Argentina, ICMIF member Río Uruguay Seguros (RUS) and local civil organisations, an innovative financial solution to conserve the largest cat in the Americas, the jaguar, has been presented. The aim is to also protect local livestock production and strengthen […]
According to the new 1st View report from ICMIF Supporting Member Gallagher Re, the April 1 renewal activity saw more capacity and optionality for buyers, specific to class of business, geography, performance, strategy and scale. Data in the report indicates the reinsurance industry has reached a record traditional capital high of USD655 billion, owing to […]
ImpactA Global, a women-led infrastructure debt investor, has mobilised over USD 200m in public and private capital for its strategy which seeks to tackle the infrastructure deficit in emerging markets (‘EMs’). ICMIF’s latest Supporting Member, Legal & General (‘L&G’), who committed up to USD 100m to ImpactA Global in October 2023, is joined by new […]
Despite a turbulent and challenging environment, German ICMIF member R+V Versicherung says the company performed very well in the 2024 financial year. “Despite difficult conditions, we grew in all lines of business and achieved a record consolidated result,” said Norbert Rollinger, Chairman of the Board of Management of the cooperative insurer, at its annual press […]
In its 2024 financial results announcement this week, ICMIF member LV= (UK) reported it had returned GBP 29 million to 280,000 eligible members in the form of member bonuses, which brought the total shared in this way to GBP 414 million since 2011. LV= said its focused business strategy is delivering and returning value for […]
ICMIF member Seguros Unimed, the financial and insurance arm of the Unimed network of cooperatives in Brazil, now wants to protect medical devices such as MRI, CT scans and ultrasounds for times when they are out of action for maintenance. The cooperative already insures 6.6 million lives through various types of coverage and is now […]
ICMIF member and rural insurer NFU Mutual (UK) has announced it has shared GBP 71 million with eligible With-Profits customers through its 2024 Mutual Investment Bonus. The organisation’s mutual structure means its financial strength directly benefits its members, not external shareholders. The Mutual Investment Bonus, applied as an uplift to investments, provided a 1.85% increase […]
After a 47-year career in the global reinsurance industry, James Vickers, Chairman International, Reinsurance at ICMIF Supporting Member Gallagher Re, has announced his retirement, effective 31 May 2025. Vickers shared the news in a personal LinkedIn post, reflecting on the transformative journey he witnessed in the reinsurance industry since the start of his career in […]