Speaking at the annual conference of the National Association of Mutual Insurance Companies (NAMIC, an ICMIF member), Andrea Keenan, Senior Managing Director, Strategy & Communications, AM Best, said mutual insurance companies have a built-in attraction for new talent because they are value-based organizations. Keenan spoke with AM BestTV at the NAMIC conference held in National […]
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The Movement for Good awards, set up by specialist insurer and ICMIF member Ecclesiastical (UK), have seen a total of £1million given to charities across Great Britain this summer. Five hundred charities have already been awarded donations of £1,000 and now 10 charitable organisations will benefit from £50,000 grants. Each of the £50,000 awards are designed to […]
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Earlier this year, ICMIF shared a news story following the announcement that a group of leading US CFOs were launching the first US Chapter of the global A4S Chief Financial Leadership Network. This prestigious group includes Warren Zaccaro, CFO of ICMIF member Securian Financial. On Thursday 26 September, the the US East Coast Chapter of the A4S CFO Leadership […]
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Folksam and Swiss Re are founding members of new UN-backed asset owner alliance to drive portfolio companies to carbon neutrality by 2050 In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers including ICMIF members Folksam and Swiss […]
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The United Nations, Germany, the UK and the insurance industry yesterday (22 September 2019) announced a series of coordinated commitments aimed at increasing climate change resilience for the most vulnerable countries, on the eve of the UN Secretary General’s Climate Summit. The organizations teaming up to make these commitments are the United Nations Development Program (UNDP), the German Federal Ministry for […]
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ICMIF member Swiss Mobiliar and Garaio REM, a leader in property management software, are teaming up to jointly launch a new portal for tenants and estate agents in Switzerland. One in three Swiss households is insured by Mobiliar. To offer even more comprehensive support to its clients, Swiss Mobiliar is working to grow its position in the […]
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Global reinsurers continue to look to Latin America for diversification, even though the natural catastrophe-prone region has not seen any significant market-hardening events since 2013, according to a new report from ICMIF Supporting Member AM Best. As a result, the reinsurance market in Latin America remains soft. AM Best believes that the strengthening of the […]
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The Latin American Association for Reinsurance Education (also known as the LARG Group) is a group of mutual/cooperative insurers from Latin America. All these companies are members of the International Cooperative and Mutual Insurance Federation (ICMIF). The LARG concept was originally set up in 2004 by five ICMIF member organizations in order to purchase reinsurance […]
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US ICMIF member American Agricultural Insurance Company (AAIC), one of the top reinsurers in the United States, announced that it is now authorized to reinsure risks based in Argentina and Colombia through the broker marketplace. The company has been named an Admitted Foreign Reinsurer in Argentina and an Approved Reinsurer in Colombia, where it is […]
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In a press release issued yesterday at the Rendez-Vous de Septembre in Monte Carlo, ICMIF Supporting Member Swiss Re announced that it expects further rate increases for loss-affected and underperforming businesses and broadly stable rates in other areas, amid continued capital abundance in the reinsurance market. To ensure a long-term sustainable reinsurance market, further rate increases are […]
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