In 2020, ICMIF member Desjardins (Canada) continued to make progress on implementing its commitments and concrete measures to integrate environmental, social and governance (ESG) factors into its business model to combat climate change. Integrated ESG factors by: Being the first financial institution in North America to join the Powering Past Coal Alliance, a coalition of […]
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At the end of last year, ICMIF member Thrivent (USA) announced it was contributing USD 1 million to help Habitat for Humanity homeowners recover from the economic fallout and recession caused by the COVID-19 pandemic. This investment, driven by a shared commitment to helping more families achieve financial security and stability, will provide funding to […]
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Danish ICMIF member GF Forsikring has announced that its members will benefit from a profit share of more than DKK 215 million (USD 35 million) despite a turbulent year in which the Covid-19 pandemic has shifted the distribution of claims for the mutual insurer. GF Forsikring says that its accounts for the past year have […]
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Franz-Josef Hahn, CEO at ICMIF Supporting Member Peak Re was recently interviewed by AM Best and said that he believes the insurance industry should partner with government and academia to fast-track responses to global warming. Peak Re recently became the first reinsurer to issue public hybrid securities in Hong Kong. The USD 250 million move, […]
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According to data from the Climate Bonds Initiative the green finance market passed its most significant milestone yet with USD 1.002 trillion in cumulative issuance reached in early December 2020. Issuance originated from a record 67 nations & supranationals. The energy sector comprised the largest component at USD 354.7bn, followed by Low Carbon Buildings with […]
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ICMIF member Wawanesa Mutual Insurance Company (Canada) has introduced a new digital educational platform to help their valued broker partners sell and service Wawanesa’s products and services with their customers. With the official launch on 7 January 2021, the new platform will be available to all Wawanesa broker partners and their team members, and will […]
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Just before Christmas, ICMIF member Gore Mutual Insurance Company (Canada) announced that it was reflecting the spirit of the holiday season by donating CAD 95,000 to support Canadian charities helping communities in need through its Gore Mutual Foundation. The funds were granted as part of Gore Mutual’s Healthy for the Holidays campaign. The holiday season […]
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Despite the impact of COVID-19 both on working conditions and exposures – and with discussions of the latter largely deferred until after 1 January treaty renewals – reinsurers have largely arrested the persistent downward trends which characterised recent years. For buyers, terms and conditions have overall been less onerous than initially feared again revealing the […]
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With one in 10 UK charities facing bankruptcy this year, the charity sector is one of the worst-hit by the pandemic. At the end of 2020, the NFU Mutual Charitable Trust donated a further GBP 235,000 to support ten UK charities. This takes the Trust’s total donations to GBP 1,092,500 in 2020, with 20 organisations […]
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New Zealand ICMIF member MAS has been awarded the Consumer NZ People’s Choice Award for its house, car, contents and life insurance – for a fifth consecutive year. The awards are based on Consumer NZ’s customer satisfaction surveys, conducted with their members and supporters. MAS topped the surveys by a large margin, with overall satisfaction […]
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