It has been announced this week that the Gallagher Research Centre (GRC), which was launched last year by ICMIF Supporting Member Gallagher Re, is partnering with Tohoku University (Japan) to improve the understanding and quantitative assessment of tsunami risk. Through this partnership, both the GRC and the university’s International Research Institute of Disaster Sciences (IRIDeS) […]
French ICMIF member MAIF has historically been committed to the use of used car parts for the repairs of its members’ vehicles and now it is deploying its own online platform for reused parts. As early as 2010, MAIF was involved in the reuse sector for car repairs in Poitou-Charentes, before deploying this process nationwide […]
Canadian ICMIF member Co-operators has been recognised by Corporate Knights for its commitment to building a resilient and sustainable society in Canada and around the world. In the latest annual Corporate Knights Best 50 Corporate Citizens ranking, Co-operators is ranked as the top insurer globally, the top financial institution in Canada and sixth overall. This […]
This month, ICMIF member Sandbox Mutual Insurance (Canada) has introduced a new product line known as FarmSecure, announcing that it has expanded its farm products to include three protection bundles and three boxes. Sandbox Mutual Insurance says the concept of the protection bundles and “boxes” through the FarmSecure product range is a new comprehensive way […]
Emerging Asia is expected to be the main contributor to global economic growth in the coming years, according to Swiss Re Institute’s latest sigma report. With the reopening of China’s economy this year leading to a recovery in demand, ICMIF Supporting Member Swiss Re forecasts emerging Asia to grow by 5.4% in 2023/24. Inflation remains […]
Alejandro Simón, CEO of ICMIF member Grupo Sancor Seguros (Argentina) has been recognised as business leader of the year by the Argentinian Association of Business Leaders (ADE, Asociación Dirigentes de Empresas). Simón is also Vice-Chair of the ICMIF Board of Directors. This prestigious award is granted annually to those leaders who stand out in Argentina, […]
The International Cooperative and Mutual Insurance Federation (ICMIF) today announced that Shaun Tarbuck will retire from his current role as Chief Executive Officer in November 2024 after 28 years of service to the global Federation. It was also announced that Liz Green, Executive Vice-President, becomes CEO Designate with immediate effect and will formally take over […]
The broader market trends seen at 1 January continued at mid-year renewals, but with improved timing and concurrence around terms and conditions. While property pricing saw continued risk-adjusted rate increases in many segments, the average change moderated from 1 January, according to ICMIF Supporting Member Guy Carpenter. Additional capacity and increased appetite entered the property […]
ICMIF member Royal London (UK) has become a signatory of the Armed Forces Covenant. The mutual says the agreement formalises its commitment to supporting the UK Armed Forces community and recognises the contribution to the country that serving military personnel, veterans and their families have made and continue to make. The covenant was signed by […]
Renowned for its knowledge and expertise in the heritage sector, ICMIF member Ecclesiastical Insurance (UK) the specialist insurer is expanding its risk appetite to include businesses in more modern properties. Ecclesiastical says it will initially target four- and five-star hotels, fine-dining restaurants, gastropubs, and visitor attractions, with plans to expand to more customer groups in […]