Latest News

Friday, 09 September 2011

The last year has been a time of substantial growth for Engage Mutual and as an organisation it has seen this growth underpinned by a strong financial performance. Engage Mutual is one of ICMIF’s UK-based members with its head office in Yorkshire.

On August 9, 2011 Engage Mutual announced the acquisition of National Friendly’s sales team and the One Fund, a health cash plan targeted at the corporate market. In addition to the new sales team, more people were recruited as part of the consolidation of the recently acquired business of Ecclesiastical Life into the Harrogate office. Engage Mutual are also hoping to further drive and...

Friday, 09 September 2011

Earlier this year Jose Luis Varela Lopez left his post as General Manager at Grupo Asegurador Rivadavia, Argentina. At the same time the company saw the departure of the Sub General Manager, Jorge Martínez, who had chosen to take early retirement. Jose Luis has always been a strong supporter of ICMIF and attended many ICMIF events particularly the MORO conference.

A new General Manager Rosana Ibarrat was appointed and she has worked at Grupo Asegurador Rivadavia since 1984 and is a public accountant by profession. She has held various positions at the company including accountancy, taxation, management control and more recently...

Monday, 05 September 2011

Mutual Benefits Assurance plc, an ICMIF member based in Nigeria, is investing NGN 3 billion from its insurance fund in a housing development. It will do this through its property subsidiary and it is hoped that by creating this new housing this will provide great value to the Nigerian people. In a recent interview Akin Ogunbiyi, Group Managing Director/CEO of Mutual Benefits Assurance plc stated that “insurance is the backbone of any economy. Insurance is the medium where you can pool funds together for mega investment in other sectors”.

Akin went on to say “we have looked at Mutual Benefits and the level of income we are...

Friday, 02 September 2011

Desjardins Financial Security (DFS), based in Quebec City, Canada, recently won 11 awards in the Insurance and Financial Communicators Association (IFCA) annual awards competition. These awards recognise excellence in advertising, public relations, corporate communications and sales promotion in the field of insurance and financial services.

These 11 new awards are in addition to 28 awards previously won by DFS over the last two years for its accomplishments in communications, marketing and advertising. In the IFCA annual awards, in August of this year, DFS won three Best of Show awards, five Awards of Excellence and three...

Wednesday, 31 August 2011

Insurance practitioners whose role is to defend their organisation’s financial capital need to be aware of the limitations as well as the potential of catastrophe modelling says Willis Re, ICMIF Supporting Member for the Reinsurance Broker category, in a special report on ‘Catastrophe Modelling for Mutuals’ prepared exclusively for ICMIF members.

With concentrated and homogenous exposures, and policyholder capital always hard to replenish, especially in the current economic climate, mutuals and cooperatives in particular can benefit from an enhanced understanding of their susceptibility to catastrophe when building, interpreting...

Friday, 26 August 2011

SHAM - La Société Hospitalière d’Assurances Mutuelles – is an ICMIF member in France and the organisation has recently announced that it has a new Chairman, Jean-Luc Chassaniol. Jean-Luc was declared the new Chairman during the recent SHAM General Assembly in June of this year.

SHAM is a mutual insurance company and provides medical malpractice insurance in France. It serves public and private hospitals, as well as healthcare professionals.

Jean-Luc was previously Vice-Chairman and he has now succeeded Alain Hériaud as Chairman. Alain was Chairman of SHAM since 2005 but did not seek to be re-elected due to his work as the...

Thursday, 25 August 2011

Honduran ICMIF member, Equidad Compañía de Seguros SA, has recently won an award at the “BIZZ 2011 – Business Excellence Awards”. The ceremony took place in Orlando, USA earlier this year and the award given to Equidad Compañía de Seguros was for the most “Inspirational Company”. The BIZZ Awards are organised by the international organisation World Confederation of Businesses (WORLDCOB) an international organisation that encourages worldwide business development.

The award was received by Oscar Alberto Coello, Chairman, and Mariela Silva de Reyes, General Manager, Equidad Compañía de Seguros. In accepting the award both said this...

Monday, 22 August 2011

In July this year it was announced that Gérard Andreck had become the new Chairman of the French Insurance Association (l’Association française de l’assurance – AFA). The French Insurance Association is comprised of the French Federation of Insurance Companies (la Fédération française des sociétés d’assurances - FFSA) and the French mutual insurance organisation, GEMA (Groupement des entreprises mutuelles d’assurances). GEMA is an ICMIF member representing mutual insurance companies in France. AFA was created in June of 2007 and aims to represent its members and the sector with one voice for the French insurance sector.


Friday, 19 August 2011

Due for publication at the end of August 2011, “Capital and the Debt Trap - Learning from Cooperatives in the Global Crisis” investigates and explains how four specific cooperative organisations have survived the current financial crisis and have kept generating wealth. It achieves this through four case studies and looks at how many people have fallen into a trap of linking the financial sector to the real economy. The authors of the book are Claudia Sanchez Bajo, a freelance researcher and consultant, and Bruno Roelants, Secretary General of CECOP – CICOPA Europe.

This book illustrates how cooperatives around the world have been...

Wednesday, 17 August 2011

This year ICMIF launches a new Microinsurance Simulation Workshop on October, 24-25, immediately prior to the ICMIF Biennial Conference taking place from 26-28 October this year in Manchester, UK.

The workshop will provide insight and expertise on microinsurance and meet the informational needs of people considering establishing microinsurance companies. It will also be of value to the staff of existing microinsurance companies and other established insurance providers who are considering entering the microinsurance market as well as regulators & policy makers and microfinance consultants.

The October Microinsurance...