Two Canadian ICMIF members have announced that they are to merge. Beneva—Canada’s largest mutual insurer – and Gore Mutual – one of the oldest property and casualty mutual insurers in Canada – have today announced their intention to combine their businesses to drive future growth. A joint announcement from the two organisations described this merger […]
Swedish ICMIF member Folksam has adopted new climate targets to reach net-zero emissions in its asset portfolios by 2050. One of the new targets is to reduce the CO2 footprint of equities, corporate bonds, alternative investments and real estate by 2030. Folksam said it has already fulfilled its previous climate sub-goals as of 1 January […]
Late last year, Danish ICMIF member Sygeforsikring “danmark” announced it would be distributing DKK 100 million (USD 138,090) to projects that deal with health research, information and prevention thanks to an investment surplus in 2023. Sygeforsikring “danmark” donates part of its investment profits to healthcare projects and has supported Danish healthcare research, prevention and education […]
According to global risk and reinsurance specialist and ICMIF Supporting Member Guy Carpenter, non-loss-impacted property catastrophe renewals saw notable risk-adjusted reinsurance rate reductions of 5% to 15% at January 1. However, Guy Carpenter notes there was a range of pricing outcomes that varied by region, attachment point and reinsurer views of price adequacy. In a […]
ICMIF member NFU Mutual (UK) has announced GBP 4m of funding for local and national charities during 2025, to continue its support to the ongoing challenges faced by front-line charities across the country. Over the past three years, 2022 to 2024, NFU Mutual has distributed GBP 3.25m of funding each year to local and national […]
According to the new 1st View report from ICMIF Supporting Member Gallagher Re, the January 1 reinsurance renewals revealed diverse outcomes, tailored by class of business, geography, and strategy. Reinsurers refined solutions by leveraging detailed data, clearer risk strategies, and external sources. While the primary insurance market’s improved pricing bolstered financial positions, reinsurers benefited from […]
Dutch ICMIF member Achmea has joined the UN Global Compact, through which companies all over the world are encouraged to pursue sustainable and socially responsible policies. With the signing of the Global Compact, Achmea says it is further strengthening its commitment to sustainability and corporate social responsibility. The UN Global Compact is a broad coalition […]
At its Annual General Meeting last month, South African ICMIF member, AVBOB, announced exceptional results for the reporting financial year ending 30 June 2024. AVBOB said that while socio-economic challenges and inequality remain in South Africa, the mutual company remained encouraged by signs of political stability and an improving business outlook. Thanks to its shared […]
Last month, Canadian ICMIF member Beneva marked National Philanthropy Day (15 November) with the announcement that it is investing an additional CAD 1.5 million in support of its corporate cause: anxiety prevention. This financial support will enable the charitable organisations Beneva champions to create and implement projects that will make it easier for Canadians to […]
The latest ICMIF Members: Key Statistics report from the International Cooperative and Mutual Insurance Federation (ICMIF) shows 61% of the ICMIF membership exceeded their local market’s annual growth-rate between 2022 and 2023, compared to 59% between 2021 and 2022. Key findings: USD 228 billion in premium income USD 1.63 trillion in total assets, of which […]