Banking and Insurance

SFEREN’s new Chairman – Daniel Havis

Many ICMIF members will be familiar with the name of Daniel Havis, Chairman and CEO of French ICMIF member organisation, la Matmut. From January 1, 2012, Daniel has also become the new Chairman of the Sferen group of mutuals which includes la Matmut, la Maif and la Macif; all of which are ICMIF members. Daniel takes over as Chairman of Sferen from Roger Belot, Chairman and CEO of la Maif.

Does Marketing our Mutuality really work?

The short answer is YES it really does and the numbers prove it.

Next week I am running a strategy session for one of our Australian members. Their goal is to embed mutual values in all areas of their business. We will be discussing how to market our values to stakeholders in the mutual sector and how to help our member owners derive maximum value from our unique business model. We’ll discuss everything from strategic direction on branding and communications to corporate social responsibility.

Swaziland’s Cooperatives No Threat to Banks

By Mantoe Phakathi

MBABANE , Feb 8 (IPS) - Nomsa Tsabedze is one of the many people at the Bunye Betfu, Buhle Betfu Credit and Savings Cooperatives waiting to apply for a loan to pay for her children’s school fees.

'Unlike banks, there is no collateral required before you get a loan from a cooperative,' said Tsabedze, adding: 'If you're a member of a cooperative, you're guaranteed a loan depending on how much you've saved.'

Registration now open for the MORO 2012, Paris, France

This year, the 21st ICMIF Meeting of Reinsurance Officials (MORO) moves to the spectacular city of Paris, France and will be held      May 2 – 4.

Unipol rights issue to lead the way for merger

Unipol Gruppo Finanziario SpA (Unipol), currently Italy’s third-biggest insurer and ICMIF member, plans to raise up to 1.1 billion EUR by selling new shares as it continues with plans to merge with Premafin Assicurazioni, Fondiaria-SAI and Milano Assicurazioni. This will make Unipol Italy’s second-largest insurance group (by premiums).

Cooperation on agenda at Davos talks!

A first step in better positioning the cooperative model on the political and economic world stage was taken at the World Economic Forum (WEF) held in Davos, Switzerland, from January 25 to 29, 2012. Monique F. Leroux, Chair of the Board, President, and CEO of Desjardins Group, was invited to the WEF to participate in a roundtable discussion of the business model of the future. The event gave her an opportunity to promote the principles and advantages of the cooperative model.

A Golden Age of Mutuality

Lucian Camp recently challenged ICMIF Conference delegates to create a ‘new golden age of mutuality’ during his presentation on the future of the mutual and cooperative insurance sector.

A Cooperative Solution to the ‘Fat Cat’ Pay Debate

So after all the hype following British Prime Minister, David Cameron’s ‘Popular Capitalism’ speech, has a new era for modern capitalism finally arrived in Westminster? Not quite.

After the new Cooperative Bill was announced, Cameron was quizzed about what he intended to do about the ongoing issue regarding excessive executive pay for average performance. We were told to expect an announcement from Business Secretary, Vince Cable.

Consumers urged to move their money to a better bank

British consumers are being encouraged to move their money to a more ethical organisation.

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