A Year of Exceptional Growth and Achievement: A message from the CEO, Andrew Armitstead

As we reflect on the past financial year, it’s clear that CivicRisk Mutual has not only continued its trajectory of growth but has indeed soared to new heights. The draft financial results presented to the Board for 2023/24 paint a picture of a resilient and robust organisation that has delivered remarkable value to its members.

Record-Breaking Savings and Growth

The Mutual has outdone itself, saving members almost $18.5 million in 2024 and a staggering $34 million since the floods of 2022. Over the past two decades, CivicRisk Mutual has saved councils an impressive $128 million and has doubled in size, a testament to the collective effort and strategic focus of the organisation.

Strategic Focus on Risk Management

These results are a direct outcome of a dedicated risk management focus, well-managed claims, creative insurance solutions, and strong investment returns. Our members have been instrumental in building more resilient community assets, with award-winning designs that not only enhance the aesthetic value of our communities but also ensure their safety and sustainability.

Shared Success and a Resilient Future

The collective performance and shared savings underscore the strength of our Mutual model. This success positions us favourably to navigate the volatile insurance markets and the impacts of climate change, ensuring that we continue to provide unmatched value and protection to our members.

Gratitude to Our Retiring Representatives

As we approach the 2024 council elections, we extend our heartfelt thanks to all CivicRisk Mutual representatives who are retiring from the Board and Member Assembly. A special mention goes to Lord Mayor Gordon Bradbery who, after 14 years of dedicated service, is retiring from his role representing the Mutual.

Our Members: The Heart of Our Organisation

Our members are indeed the heart of CivicRisk Mutual. Your contributions are key to our success, and is through your unwavering support and commitment that we have achieved these milestones.

Looking Ahead

Let’s carry this momentum forward and build on our great success as we aim for another solid year in 2025. Together, we will continue to set new benchmarks and reach greater heights.

Andrew Armitstead, CEO