Reinsurance News
International Underwriting Association
Marine war risk market ‘operating as expected’ amid Middle East hostilities: IUA
11th March 2026
Chris Jones, Chief Executive of the International Underwriting Association (IUA), said members are continuing to provide cover for clients affected by the current hostilities involving Iran across several lines of business, adding that the marine war risk market is operating as expected, given the heightened threats to shipping. According to Jones, ... Read the full article
SCOR’s Chris Beazley joins the IUA Board
24th February 2026
The Board of the International Underwriting Association (IUA) has announced the addition of Chris Beazley, Chief Commercial Officer at SCOR Business Solutions and Chief Executive Officer of SCOR UK and SCOR Syndicate, to its ranks. The IUA Board is responsible for governing and overseeing the association’s work to secure an optimal ... Read the full article
Collaboration key as geopolitical risk weighs on insurers: IUA
23rd December 2025
With geopolitical uncertainty and testing market conditions creating a challenging environment for insurers in 2025, International Underwriting Association (IUA) chief executive Chris Jones said it is vital for members to come together to share expertise, pointing to strong relationships, open communication and a shared sense of purpose as critical. His comments ... Read the full article
IUA establishes Chief Underwriting Officers Council for London company market
11th December 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has established a new Chief Underwriting Officers Council for the London company market. The newly established group will offer leadership and guidance for all of the IUA’s work supporting the underwriting operations of its members. It will also offer ... Read the full article
Convex Insurance’s Theo Butt elected as Chair of the IUA
10th November 2025
The International Underwriting Association (IUA), the representative body for re/insurers in the London company market, has announced that Theo Butt, Chief Executive Officer, UK at Convex Insurance, has been elected as its new Chair, effective January 1st 2026. Butt succeeds Claire McDonald, Chief Executive Officer of Scor Business Solutions, who is ... Read the full article
IUA urges legal reform to enable growth of aviation technologies
23rd July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, is urging legal reform to support the safe and effective introduction of next-generation aviation technologies. The group says that while insurers are already developing new coverage solutions for innovations such as air taxis and drone delivery systems, progress depends ... Read the full article
HDI’s Sutherland appointed Chair of IUA’s Aviation Claims Committee
24th June 2025
The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Global SE is as Claims Manager - Transportation & MEPC. The executive has ... Read the full article
IUA appoints three new directors amid organisational restructure
17th June 2025
The International Underwriting Association (IUA), the representative body for London company market insurers, has announced the appointment of three new directors as part of a wider organisational restructure, with these changes coming under the direction of Chris Jones, who became Chief Executive of the IUA on May 1. The restructure includes ... Read the full article
New IUA CEO prioritises underwriting & claims expertise and emerging risks
8th May 2025
Chris Jones, the new CEO of the International Underwriting Association (IUA), announces a dual focus on strengthening underwriting and claims expertise and reassessing emerging and systemic risks. Announced in March 2025, Chris Jones officially assumed the role of CEO of the IUA on May 1st, succeeding Dave Matcham, who has ... Read the full article
IUA announces new Board members
25th April 2025
The International Underwriting Association's Board has welcomed three new members, all senior leaders from the London company market. Its three new member representatives are Charlotte Lach, Chief Operating Officer of AIG UK and Global Specialty, Nick Hobbs, Chief Distribution Officer of Allianz Commercial and Stav Tsielepis, Group Chief Actuary of International ... Read the full article
IUA appoints Chris Jones as new Chief Executive
20th March 2025
The International Underwriting Association (IUA), which represents companies in the London insurance market, has announced the appointment of Chris Jones as its new Chief Executive, effective May 1st, 2025. Jones succeeds Dave Matcham, who is retiring after a 45-year career in the London Market, including 20 years as IUA Chief Executive. ... Read the full article
London insurance market welcomes UK Gov action plan to cut red tape & boost growth
18th March 2025
In a move aimed at stimulating economic growth and enhancing the UK’s competitiveness, H.M. Treasury has released an Action Plan to reform regulation, focusing on cutting red tape for businesses. London insurance market organisations have responded positively to the UK Government's policy paper welcoming a ‘new approach to ensure regulators and ... Read the full article
Cyber business interruption demands equal attention as other cyber risks: IUA
12th February 2025
Cyber business interruption (BI) risks should be given the same priority as information technology (IT) security controls and ransomware threats, according to a new report released by the International Underwriting Association (IUA). The report, produced in partnership with Baker Tilly, examines claims data from recent years and finds that while understanding ... Read the full article
IUA plans to develop central risk function in 2025 to address emerging risks
16th January 2025
The International Underwriting Association (IUA) is reviewing its core services for London insurers to adapt to the evolving nature of risk transfer, with plans to establish a central risk function focused on issues like sustainability and cyber risk in its 2025 business plan. The review process will assess the operation of ... Read the full article
IUA reports 10% increase in London company market premium income
18th September 2024
Recent data from the International Underwriting Association (IUA) shows that overall premium income for the London company market increased by approximately 10% in 2023, reaching £48.4 billion. This figure includes nearly £43 billion underwritten in London and an additional £5.4 billion from "controlled business" — premiums written elsewhere but overseen and ... Read the full article
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