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 […]
Brazil has taken a significant step toward expanding its insurance sector with the introduction of Complementary Law No. 213/2025. The new legislation grants insurance cooperatives greater operational freedom, setting the stage for a more dynamic and inclusive market. Empowering cooperatives Previously, insurance cooperatives in Brazil were restricted to specific sectors, such as agriculture, health, and […]
Announcing its 2024 financial results last week, ICMIF member Royal London (UK) said it will be distributing GBP 181 million in ProfitShare payout with 2.3 million of its customers. This will be the ninth consecutive year that the mutual has boosted its customers’ retirement savings through its ProfitShare scheme. Each year, Royal London aims to […]
Following the recent publication of its 2025 Global Insurance Outlook, ICMIF Supporting Member EY will be hosting a webinar on Wednesday 12 March (3.00pm to 4.00pm GMT/UK time) to discuss the key findings of the report and the key trends shaping insurers’ strategic agendas. ICMIF members are welcome to register and attend this insightful webinar. […]