Canadian ICMIF member Desjardins Financial Security and The Desjardins Group Pension Plan have partnered with Connor, Clark & Lunn Infrastructure to acquire a majority stake in a portfolio of US renewable power assets from EDP Renováveis (EDPR). EDPR has developed four wind farms currently in operation and one construction-stage solar farm. When all the farms are in […]
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Rating agency and ICMIF Supporting Member AM Best has announced a new risk management competition focused on mitigating natural and man-made catastrophe risk, the purpose of which is to provide college-level students with the opportunity to showcase their talents. AM Best’s Student Challenge, sponsored by the AM Best Foundation, asks undergraduate and graduate-level students, or […]
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Canadian ICMIF member Wawanesa has been in partnership with DAS Legal Protection Inc. (“DAS”) since the beginning of this year and this week an announcement has been made that the two organisations are expanding their partnership further. This expansion will enable Wawanesa to offer certain policyholders an important new source of legal advice and protection. […]
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UK ICMIF member OneFamily has announced the launch of a new Sustainable Climate fund strategy that will back its new stocks and shares ISA and its existing Lifetime ISA from 1 September 2020. OneFamily believes that these accounts will be of particular interest to the ethically minded generation of teens whose child trust funds are […]
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According to the latest report on the top mobile services provided by insurance companies in Argentina by local benchmarking company TBI Unit, ICMIF members San Cristóbal and Sancor Seguros hold the top two positions in the country for the progress made in offering mobile and digital insurance services to customers. This is the first time […]
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ICMIF member HUK-Coburg has been announced as the leading German insurer in terms of overall strength of brand in the recently published Markenmonitor Assekuranz 2020 (Brand monitor of insurers 2020), a market research report by consulting institute Heute und Morgen GmbH. The HUK-Coburg brand was ranked highly by German consumers for its brand reputation due […]
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Following rate improvements in many markets, and particularly in loss-affected segments, ICMIF Supporting Member Swiss Re says it expects further rate hardening across all lines of business. At the same time, the reliance on underwriting profits increases in the low interest rate environment. Swiss Re also expects more opportunities for (re)insurers due to a combination […]
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Eager to offer its members investment support consistent with its raison d’être, French mutual and ICMIF member MAIF has this week announced the launch of a new product: the Socially Responsible Retirement Savings Plan. This retirement savings plan, the first on the market to be classed as a 100% socially responsible investment (SRI), expands MAIF’s […]
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To support charities in the UK during these challenging times, specialist insurer and ICMIF member Ecclesiastical has developed a fundraising hub with a range of resources to help charities raise vital funds. The mutual insurer says the surge in demand for services during the pandemic, coupled with loss of funding, has put a financial strain […]
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Total capital dedicated to the global reinsurance industry was USD 587 billion at 30 June 2020, reflecting a 3% decline since year-end 2019, according to the latest Reinsurance Market Report from ICMIF’s Supporting Member Willis Re. The half-year figure masks an approximate fall of 30% up to late-March, says the report, following the impact of […]
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