Desjardins Group (Canada) has announced an ambitious action plan to achieve net zero emissions by 2040 in its extended operations and in its lending activities and own investments in three key carbon-intensive sectors: energy, transportation and real estate. In response to growing expectations among members and clients for climate action, the plan builds on concrete […]
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ICMIF member Co-operative Insurance Company (CIC) Group in Kenya has won the Decade of Excellence Insurance Kenya 2021 Award awarded by the 2021 Global Banking & Finance Awards. The awards, which are known throughout the global banking and financial community, reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. […]
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The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that EY has become a Supporting Member of the Federation, the global representative body for the cooperative and mutual insurance industry. EY will become a ‘Supporting Member,’ joining a group of seven other companies from around the world. ICMIF Supporting Members are suppliers […]
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ICMIF member Thrivent (USA) is returning an estimated USD 280 million in dividends in 2021 to clients who own eligible insurance products. This is the result of rigorous expense management, strong investment practices and careful underwriting of new business which reflects Thrivent’s commitment to helping clients achieve their financial goals. Thrivent’s structure as a not-for-profit, […]
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In a year in which COVID-19 impacted lives and livelihoods, South African ICMIF member PPS remained focused on delivering its core purpose of paying valid claims and protecting its members’ financial health. Despite the challenges of the pandemic, due to its strong balance sheet and inherent profitability of its risk pool and the businesses, PPS […]
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Swedish ICMIF member Länsförsäkringar‘s investments in green, social and thematic (“sustainability-oriented”) bonds on behalf of its customers increased by approximately SEK 7.5 billion in 2020. Investments at the turn of the year amounted to more than SEK 17 billion, which corresponds to more than 13 percent of assets under management in institutional life and the […]
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Achieving net carbon neutral equivalency, investing over CAD 2 billion in impact investments, CAD 22.3 million in community support, amidst a strong financial performance top the 2020 highlights shared with member organisations of Canadian cooperative financial and insurance leader. This week, all 45 member organisations of The Co-operators Group Ltd., representing seven regions across Canada […]
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ICMIF member NFU Mutual (UK) is providing 1,000 car and light goods vehicle insurance customers with free two-hour personalised driving confidence sessions worth GBP 150 each. The sessions are delivered by advanced driving instructors from an organisation Drive Doctors and are tailored to the specific needs of the driver. NFU Mutual has been successfully providing […]
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Total capital dedicated to the global reinsurance industry measured USD 658 billion at year-end 2020 reflecting 7% year-on-year growth. The rise was driven primarily by strong investment market appreciation. New capital raised both by incumbents and new entrants added to the total, but capital returns to shareholders exceeded those new investments, according to the latest […]
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Swiss ICMIF member La Mobilière has announced this week that it has acquired the Flatfox real estate portal. Flatfox offers a free marketplace for real estate as well as intelligent tools for the online property rental process. With this acquisition, La Mobilière is expanding its housing offering and consolidating its position in this market. Flatfox […]
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