mutuals

Earlier this week the London Business School (UK) held a conference in Westminster entitled 'Is mutuality the answer to ownerless corporations?' The event, held on Wednesday 28 January, was attended by the Secretary of State for Business, Innovation and Skills, Vince Cable, and a host of industry leaders and economists including leading economist John Kay, Lord Myners MBE and Finance Professor...

The UK should emulate its major competitors by fostering a greater role for mutual business in key areas of the economy, says a new policy review published today.

A bigger role for mutuals (building societies, credit unions and mutual insurers) to increase diversity and choice in financial services. More employee ownership to share the rewards of work; and A partnership between government...

UK parliamentary legislation is proposing an alternative shareholder structure for cooperatives to give greater access to funding.

The Mutuals’ Redeemable Shares Bill will allow individuals and institutions the option to invest in a mutual through redeemable shares without compromising its mutual status. Currently, industrial and provident societies can only accept individual...

One of ICMIF’s UK member organisations, Engage Mutual, has again been recognised by an annual UK customer satisfaction survey for its commitment to outstanding customer service. The LAMRA industry benchmark survey polls over 6,000 participants to assess customer satisfaction across 10 leading firms in the protection and savings market. Engage Mutual ranked above its peers with a customer...

The latest figures from the Global Mutual Market Share 2011 report, ICMIF’s annual research report into the size of the global mutual and cooperative insurance sector, show that mutual and cooperative insurers in developing nations* have gained market share since 2007.

The report is due for release soon and will highlight a sizeable growth in the global market share of the mutual and...

Last week the European Parliament unanimously adopted a report by MEP Luigi Berlinguer (S&D party) with recommendations to the EU Commission on a Statute for a European Mutual Society.

Since its withdrawal from the Commission’s legislative agenda back in 2006, a number of European Parliament reports have urged the Commission to re-table the draft legislation but MEP Berlinguer’s...

“Mutuals, with their emphasis on democratic ownership, user voice, and equity, are increasingly filling the gaps left by the market and the state”

Dame Tessa Jowell, Former Secretary of State for Culture, Media and Sports, UK

Last week UK Think Tank ResPublica launched a collection of essays entitled ‘Making it Mutual: The ownership revolution that Britain needs’. The publication...

It gives us great pleasure to announce that registration for the 2013 ICMIF Biennial Conference and General Assembly in Cape Town, South Africa, is now open. This will be the first ICMIF Conference to be held in Africa and we are very excited about bringing the cooperative and mutual insurance world to Cape Town; as are our wonderful hosts PPS. A dedicated ICMIF Biennial Conference website has...

Following the success of last year's International Summit of Cooperatives, the second meeting of cooperative and mutual business leaders is set to take place in 2014.

The Desjardins Group and the International Co-operative Alliance (ICA) will co-host next year's event in Quebec City, Canada, from 6-9 October.

Described by leaders of both organisations as the "Davos" for...

Mutual insurers in the UK look likely to have been granted concessions on the regulation of with-profit policies by the Financial Services Authority (FSA). This change from the regulator would bring an end to the industry's concerns over the treatment of ‘mutual capital', which has hampered the sector for the last six years.

Revised definitions of with-profits assets proposed in FSA...

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