The Co-operative Group and NFU Mutual have been named in a list of the world's top 300 major member-owned businesses.
The co-operative and mutual enterprises have been ranked in the first Global300 listing, with 15 British businesses included in the poll in total.
Co-operative, the retail and financial services giant which includes Co-operative Insurance (CIS), took top place sitting in eight position with NFU positioned at 114th.
Shaun Tarbuck, chief executive of the International Co-Operative & Mutual Insurance Federation, as well as of the UK Association of Mutual Insurers, said; "Global300 reminds us of the worldwide importance of mutual companies, which together hold twenty five percent of the global insurance market.
“In Britain, mutual insurers are a powerful force, with thirteen million policy holders and over £82bn in assets. We are very much a part of the future, not the past."
Global300, an initiative from the International Co-Operative Alliance (ICA), has revealed for the first time the economic importance of the top 300 enterprises, which between them share a turnover of close to $1,000bn.
Zen-Noh (National Federation of Agricultural Co-operatives) based in Japan, topped the list.
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Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
