Reinsurance News
International Underwriting Association
IUA reports 25% increase in London company treaty business premiums
10th September 2024
Recent figures from the International Underwriting Association (IUA) reveal a substantial increase in treaty reinsurance within the London company market for 2023, premiums surged to £10.889 billion, compared to £8.248 billion in 2022, marking nearly a 33% growth. The upcoming London Company Market Statistics Report, due later this month, will offer ... Read the full article
The IUA appoints new staff members to its secretariat
13th August 2024
The International Underwriting Association (IUA) has announced the appointment of two new staff members to its secretariat supporting companies in the London re/insurance market, May El Mantawy and Faye Hepburn. El Mantawy and Hepburn have both started working as Legal, Underwriting and Claims Technicians and will work within the IUA’s underwriting ... Read the full article
IUA names Dumbrell Chair of Legal and Regulatory Committee, announces two Deputies
12th July 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has appointed Matthew Dumbrell, General Counsel for Generali's UK branch, as Chair of the IUA’s Legal and Regulatory Committee. This committee oversees changes in legal, regulatory, international trade, accounting, and taxation matters affecting the London Market. It coordinates ... Read the full article
IUA details plan to support adoption of London market digital services
27th June 2024
The International Underwriting Association (IUA), which represents companies in the London insurance market, has published the details of a dedicated company market support programme for adopting the new digital processing services in the London market. Last week, the target cutover date for switching to phase one of the single digital ... Read the full article
London market clarifies marine cyber clause to address aggregation risk
19th June 2024
The Joint Excess Loss Committee of the Lloyd's Market Association (LMA), an organisation that represents the interests of the Lloyd's underwriting community, and the International Underwriting Association (IUA), which represents international and wholesale insurance and reinsurance companies operating in the London Market, hosted a well-attended session at Lloyd’s Old Library. They ... 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 welcomes PRA’s decision to halt FSCS alterations in UK
23rd May 2024
The International Underwriting Association has expressed approval for a recent decision to halt proposed alterations in the Financial Services Compensation Scheme (FSCS). The Prudential Regulation Authority (PRA) had entertained the idea of expanding the scheme's coverage by redefining the term 'small business'. The IUA contended that such action would significantly alter the ... Read the full article
IUA supports ICAEW’s professional indemnity insurance reforms for UK accountants
21st May 2024
The International Underwriting Association (IUA) welcomes the professional indemnity insurance reforms for accountants in the UK proposed by The Institute of Chartered Accountants in England and Wales (ICAEW) Regulatory Board, the organisation recently announced. These reforms include plans to increase minimum limits of cover to £2 million and give smaller firms ... Read the full article
Arch Insurance International welcomes new Head for Third-Party Claims
20th May 2024
Laura Brahams ascends to Head of Third-Party Claims at Arch Insurance International following Barbara Rizzi’s elevation to Chief Claims Officer. Taking on her new position, Brahams will oversee various sectors including casualty, cyber, financial lines, healthcare, intangible assets, and professional liability. Operating from London, she will report directly to Rizzi, Chief ... 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 names McDonald as Chair, announces three new Deputies
7th December 2023
The International Underwriting Association (IUA) has welcomed Claire McDonald, a Member of the Executive Board for HDI Global SE, as the new Chair. She will formally take over the position on January 1, 2024. McDonald - who is replacing Phil Hobbs, President and Managing Director of Liberty Specialty Markets - ... Read the full article
DXC Technology appoints new CEO for London Market Joint Ventures
15th June 2023
DXC Technology, a Fortune 500 global technology services company, has announced the appointment of two new roles for its senior executives at the London Market Joint Ventures, in association with Lloyd's and the International Underwriting Association. Chris Halbard, who previously was the President of DXC's business in the EMEA region, will ... Read the full article
LSM’s Phil Hobbs named IUA Chair, as Kuchinski retires
16th December 2022
Phil Hobbs, President and Managing Director of Liberty Specialty Markets, has been elected as the new Chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, Head of Commercial Insurance at Zurich UK, who is retiring. Hobbs has been a member of the IUA Board since March 2019 and was previously ... Read the full article
London company market premium up 7%: IUA
4th October 2022
Premium income for the London company market has risen by more than 7%, a new analysis published by the International Underwriting Association (IUA) has shown. Firms covering large commercial, wholesale and specialty risks in the City earned £30.114 billion in 2021, up from £27.976 billion the previous year, according to the ... Read the full article
New Credit Risk Insurance Policy model form published
11th August 2022
The Loan Market Association (LMA) has published a new model form of Credit Risk Insurance (CRI) Policy. According to the association, this was done in conjunction with Lloyd’s Market Association and the International Underwriting Association (IUA). It said that the CRI Policy is drafted for the purposes of insuring single borrower ... Read the full article
- ← Previous
- 1
- 2
- 3
- 4
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
