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 […]
ICMIF member African Risk Capacity Limited (ARC Ltd.) and the International Finance Corporation (IFC) have announced the signing of a Letter of Engagement (28 February 2025) to strengthen agricultural insurance solutions in Africa. This partnership aims to create a safer and more attractive environment for investment in agriculture by reducing risks linked to climate change […]
ICMIF member Thrivent‘s commitment to strong business ethics, compliance, and governance has once again received the World’s Most Ethical Companies recognition by Ethisphere, a global organisation which seeks to define and advance the standards of ethical business practices. Thrivent, a Fortune 500 financial services company, says it puts generosity at the heart of saving and investing, […]
German ICMIF member R+V Versicherung has announced almost 600,000 customers of cooperative banks received a cashback on their insurance premiums. R+V’s cashback programme refunds up to ten percent of the insurance premiums paid back to customers. The prerequisite is that customers are a member of a cooperative bank and have concluded a Member Plus contract […]