Reinsurance News
International Underwriting Association of London
London Market premium income climbs 1.7% to £49.3bn in 2024: IUA
16th September 2025
According to new data published by the International Underwriting Association (IUA), London Market companies earned a total premium income of £49.273 billion in 2024, up 1.7% compared to 2023. According to the IUA’s latest London Company Market Statistics Report, compiled from 79 firms, this figure includes £43.8 billion underwritten directly in ... Read the full article
IUA adds Newman to secretariat team, HDI Global SE’s Osborne joins Board
28th July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has appointed Evie Newman as an Underwriting and Claims Technician. Simultaneously, the IUA has also announced that Antonia Osborne, Director of Underwriting at HDI Global SE (UK Branch), has joined its Board. Additionally, Westfield Specialty International (Europe) SA has become ... Read the full article
Industry welcomes UK captive insurance regime green light
15th July 2025
Several firms, including the London Market Group (LMG), the International Underwriting Association (IUA), and LIIBA, have welcomed the Chancellor of the Exchequer’s announcement that HM Treasury will proceed with introducing a UK regime for captive insurance companies. The announcement follows a multi-year campaign calling for a dedicated and proportionate regulatory regime ... Read the full article
IUA forms committee to oversee digital transition
10th June 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has formed a new committee to oversee the adoption of digital services. As part of the Blueprint Two initiative, a unified digital platform for processing premiums and claims is being developed, with the first phase set to launch ... Read the full article
IUA appoints industry veteran Luis Prato to its Board
13th May 2024
The International Underwriting Association (IUA) has strengthened its Board with the appointment of senior London market veteran Luis Prato, who will join at its next meeting in July. The board, which comprises of 20 senior member representatives, is responsible for governing and overseeing all the association’s work in seeking to secure ... Read the full article
IUA launches ESG-focused committee
10th June 2022
The International Underwriting Association of London (IUA) has launched a new ESG-focused committee. According to the IUA, the committee is made up of representatives from 20 of the association’s member companies, and recently hosted its first meeting. Its primary interest will be in helping to promote sustainability initiatives across the insurance ... Read the full article
London company market premium income surges by 16% to £26bn: IUA
17th October 2018
Premium income in the London company market jumped to £26.314 billion in 2017, a 16% increase from the previous year, according to a report by the International Underwriting Association (IUA). Gross written premium in London for 2017 was £18.331 billion, with an additional £7.984 billion identified as written in other locations, ... Read the full article
Brexit clause published by the International Underwriting Association
27th June 2018
The international Underwriting Association (IUA) has published a clause aimed at clarifying how firms will continue to pay claims if adequate transitional arrangements surrounding Brexit are not agreed. The Brexit Contract Continuation Clause will benefit insurers that currently rely on the EU financial services passport to conduct cross-border business between the ... Read the full article
IUA launches reinsurer focused cyber group
23rd May 2018
The International Underwriting Association (IUA) has announced the establishment of the IUA Cyber Reinsurance Committee, a new group focused on the concerns of reinsurers with regards to cyber risk. Building on the activities of the IUA's existing Cyber Underwriting Group, the new committee has been launched to consider the specific concerns ... Read the full article
Single Claims Agreement Party Model is launched in London market
1st February 2018
The London market Single Claims Agreement Party Model, a new claims management model that aims to simplify and streamline claims handling, has been launched live into the London market today. The model is expected to drive significant efficiencies across the market, enabling quick and efficient authorisation of claims by allowing policy leaders to agree ... Read the full article
Intent to sign EU/U.S. covered agreement welcomed by the IUA
19th July 2017
The International Underwriting Association of London (IUA) has welcomed news that the U.S. Department of the Treasury and the Office of the U.S. Trade Representative plans to sign the EU/U.S. covered agreement relating to insurance and reinsurance practices. The bilateral agreement has been in the pipeline for some time now, but the U.S. ... Read the full article
Aviation Insurance Clauses Group releases model EU contract continuation clause update
23rd June 2017
Launched in 2005 by the International Underwriting Association of London (IUA London) and the Lloyd's Market Association (LMA), the Aviation Insurance Clauses Group (AICG) has released a new model EU contract continuation clause. "The aim of the new clause is to provide additional certainty for clients as the UK leaves the European ... Read the full article
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