The Insurance Institute of London (IIL) is proud to announce the election of Dominick Hoare as its new President for the 2023-24 term.
Hoare brings with him a wealth of experience from his role as the Group Chief Underwriting Officer of the Munich Re Syndicate, formerly known as the Watkins Syndicate, managed by Munich Re Syndicate Ltd.
With over three decades of dedicated service in the Lloyd’s market, Hoare is a highly regarded Chartered Insurer. His journey with the Munich Re Syndicate began in 1994, and since then, he has been an instrumental figure in the insurance industry.
The Munich Re Syndicate is a renowned provider of specialty insurance solutions, holding a prominent position in both the Lloyd’s market and the international insurance arena.
In his role as Group Chief Underwriting Officer, Mr. Hoare assumes responsibility for the underwriting function of the Munich Re Syndicate, extending his purview to the Group’s overseas offices in Dubai, Singapore, China, and the United States.
In addition to his role at the Munich Re Syndicate, Hoare serves as a Director of Munich Re Syndicate Ltd and Munich Re Specialty Group.
His dedication to the industry is further evidenced by his involvement as a Director of the Lloyd’s Market Association, past Chairmanship of the Offshore Energy Committee of the International Union of Marine Insurers, and leadership of the Joint Rig and Associated Business Committee within the London market.
Until recently, he was also a member of the Executive Committee of the International Union of Marine Insurers.
Hoare’s influence extends to the heart of Lloyd’s, where he is a member of the Council, as well as a current member of the Lloyd’s Environmental, Social, and Governance (ESG) Committee and the Underwriting Advisory Group. His multifaceted role within the industry showcases his commitment to driving positive change and progress.
Upon being elected as President of the Insurance Institute of London, Hoare expressed his enthusiasm, stating, “It’s a great privilege to take on the presidency of our institute and to do so at such a fascinating time for both the insurance industry and the world. At times like these, we are reminded of the value of stable partners, and the IIL has a vital role to play in supporting all of our clients through such periods.”
