Banking and Insurance

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US insurance mutuals resilient under pressure, says report

Credit agency AM Best says mutuals in the property and casualty markets saw income more than…

Icmif highlights tech and AI updates at insurance mutuals

Denmark's GF Forsikring and LB Forsikring, France's Maif and the USA's Lititz Mutual have announced partnerships and investments

Ecology Building Society launches ‘innovative’ savings product

'Account holders can benefit from a competitive interest rate while also having immediate access to their…

BCCM hails continued growth of discretionary risk mutuals

'Discretionary mutuals continue to be an important solution for those who are underserved or unserved by…

Report sets out ways to strengthen code for Australia’s co-op banks

Commissioned by Coba, the report includes recommendations on small business, financial hardship, digitisation and First Nations…

Meet … Sarah Harrison, CEO, Building Societies Association

'Building societies, credit unions and other member-owned organisations are part of the same broad family: organisations…

Finance mutuals invited to seek scale-up support from UK regulators

The FCA and PRA say they are widening Scale-Up Unit criteria for building societies

Licence application submitted for the UK’s first regional co-op bank

North West Mutual, which aims to launch the UK’s first regional co-operative bank, has submitted its…

Co-op bank mergers and acquisitions continue US consolidation trend

The latest examples include link-ups in Massachusetts and Oregon

US National Cooperative Bank returns $44.79m to stockholders

'Sharing our success with our co-operative owners is one of the unique benefits of doing business…

Mutual model can help tackle growing financial insecurity, says BSA

'We need to ensure the sector has the freedom to keep innovating'

Mutual and co-op insurers corner more than 25% of the global market

This year's Global Mutual Market Share report from Icmif shows the sector generated US$1.61tn in premium…