Latest News

Wednesday, 21 March 2012

The Solvency II Solutions Seminar is a new and unique one day event for ICMIF members. The event will provide expert solutions on how to gain maximum benefits from implementing Solvency II; how it can actively help you to streamline processes and enhance your organisation’s competitiveness.

The event has been organised for mutual and cooperative insurers by ICMIF’s Supporting Members; all of whom are leading practitioners in their areas of business and committed supporters of our sector.

The agenda is now available to view online. There will be presentations by expert speakers and panel discussions in which both Supporting...

Monday, 19 March 2012

The Ownership Commission, set up by the UK Labour government in 2010, last week published a report on its findings on British business ownership. The Commission, chaired by Will Hutton, was initially set up to look into how employee and cooperative forms of ownership might be applied in the UK public sector. The work was expanded, however, to look at British business ownership in general and the research now includes information on the mutual business model and other forms of employee ownership.

The Co-operative Group sponsored the report and CEO, Peter Marks, was one of its Commissioners.

Peter Hunt, Chief Executive, and...

Friday, 16 March 2012

The need for Australia to have representation of cooperative and mutual businesses at a national level was a key topic discussed by cooperative business leaders recently when ICA President Dame Pauline Green toured the country in February.

It is hoped that the formation of a business council for cooperative and mutual businesses will take place by the end of this year. Greg Wall, CEO of the Capricorn Group, said the business council was a legacy objective of the 2012 International Year of Cooperatives program that would enable the sector to capitalise on the increased public awareness of cooperatives. Greg is Chair of Australia's...

Wednesday, 14 March 2012

ICMIF member Solidarity General Takaful, Bahrain, has announced the appointment of Youssef Al Kareh as the new CEO of the organisation. Solidarity General Takaful is a subsidiary of Solidarity Group Holding, one of the largest Takaful companies in the world. Youssef was made Acting General Manager in March 2011 and has been with Solidarity Group since early 2009 when he joined as Head of Risk Management.

"Youssef is no stranger to Solidarity and has held several senior posts within the group," said Solidarity Group Chief executive and Solidarity General Takaful Vice-Chairman Ashraf Bseisu.

"His appointment at the helm of...

Monday, 12 March 2012

To coincide with International Women’s Day, celebrated both annually and globally on 8 March, the International Co-operative Alliance (ICA) asked ICMIF for help in producing a video celebrating this important day.  In the video Dame Pauline Green, the first female President of the ICA, reflects on the history and development of the cooperative sector and speaks the inspiring work that women’s cooperatives are doing today. The cooperative movement has historically empowered women and cooperative societies allowed women equal voting rights almost a century before most governments across the world did.

Today, many women manage hugely...

Friday, 09 March 2012

Canadian ICMIF member The Co-operators have this week announced a commitment of $500,000 to a new campaign in support of international co-operative development. The announcement was made as The Co-operative Development Foundation (CDF) of Canada launched the “Build a Better World” campaign, which seeks to raise $12 million over four years to help alleviate poverty by building and strengthening co-operatives in the developing world.

"In making this generous commitment, The Co-operators has once again demonstrated their leadership in corporate social responsibility," said CDF Board Chair Michael Barrett. "This pledge, made at the...

Wednesday, 07 March 2012

ICMIF Supporting Member, A.M. Best has organised a webinar to take place on Thursday 8 March at 14.00H, (Eastern Standard Time). Participants in the webinar will discuss microinsurance and its growth in popularity in emerging markets and how it can be a foothold for a company's reputation in what is a growth market. A panel of experts will examine the current state of microinsurance including distribution, funding, regulation and potential further growth. You can register for the one hour event at

Panelists for this webinar include:

Andrea Keenan, Managing Senior Financial Analyst and Head of...
Monday, 05 March 2012

The Global Development Co-operative (GDC) was launched on October 31, 2011 and over the course of 2012 (the International Year of Cooperatives) it aims to raise 50m USD to provide access to low cost loans for capital and infrastructure projects. The fund will seek to identify and engage with investors with an interest in both international development and extending the reach and benefits of the cooperative model.

In late February of this year the Global Development Co-operative and members of the International Co-operative Alliance (ICA) staff made an appeal for more funds to be donated to the GDC. Members of the GDC team attended...

Friday, 02 March 2012

ICMIF member, Ecclesiastical, has launched a national campaign to try to save thousands of churches across Britain from damage by criminals stealing lead from their roofs. The campaign ‘Hands Off Our Church Roofs’ aims to see sophisticated electronic alarm systems installed on the roofs of Anglican churches across the country. Ecclesiastical is a leading church and heritage insurer and the organisation is investing £500,000 of its own money to install roof alarms free of charge on some of the country’s most badly affected churches.

John Coates, Ecclesiastical’s director of church insurance said: “The attack on Britain’s churches...

Wednesday, 29 February 2012

ICMIF’s Regional Association for the Americas (ICMIF/Americas) will celebrate its 20th Annual Conference at the NH City and Tower Hotel in Buenos Aires, Argentina from November 14-16, 2012. Hosted by the Argentine Association of Cooperative and Mutual Insurers, this two and a half day event will bring together over 150 delegates from ICMIF members from over 20 countries throughout the Americas as well as around the globe.

Among preliminary highlights include confirmation of the keynote speaker, Reverend Paul Flowers, Chairman of Board of The Co-operative Banking Group in Manchester, United Kingdom. The Co-operative Banking Group is...