Reinsurance News
International Underwriting Association
IUA outlines 2019 priorities for London company market
30th January 2019
The International Underwriting Association (IUA) has outlined its priorities for the London company market in 2019, which include the publication of a major report om the wholesale insurance market and the fall-out from Brexit, among other concerns. The IUA explained that it is preparing to discuss any findings or recommendations with ... Read the full article
IUA backs mutualisation of motor terrorism risks in UK
26th July 2018
The International Underwriting Association (IUA) has lent its support to a recent vote by UK motor insurers to mutualise risks for terrorism claims that will see the Motor Insurance Bureau (MIB) handle all claims for victims of vehicle-related terrorist events from January 2019. All UK motor insurers are members of ... 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
IUA urges scope of EU Motor Insurance Directive to not be extended
9th November 2017
In response to a recent review of the European Motor Insurance Directive (MID), the International Underwriting Association (IUA) has called for the MID to not be extended to include liability for accidents on private property. Commenting on a review of the MID, the IUA states that protection provided via the legislation can ... Read the full article
Lloyd’s market to save £100mn via LMA/IUA & DXC Technology agreement
31st October 2017
The Lloyd's Market Association (LMA), in collaboration with the International Underwriting Association (IUA), has completed a transaction with DXC Technology that will reportedly save the Lloyd's of London marketplace £100 million (US$132 million) over five years. The transaction with DXC Technology, an end-to-end IT services company, concerns the provision of bureau ... Read the full article
IUA says London insurance business growth needs boost
12th May 2017
International Underwriting Association (IUA) Chief Executive Officer (CEO) Dave Matcham, has added his voice to concerned London industry players who say coming years will be crucial to strengthening London's long-term relationship with emerging markets of Asia and Latin America, after the 2017 London Matters report revealed the city's been falling ... Read the full article
IUA calls for UK discount rate reforms
28th March 2017
In a letter to the Lord Chancellor, the International Underwriting Association (IUA) has proposed reforms to the UK discount rate, which was recently cut to -0.75% from 2.5%. The association has proposed the establishment of new legislation to enable the development of new methodology for how UK courts determine personal ... Read the full article
IUA & LMA Boards approve Single Claims Agreement Model for London market
23rd March 2017
The Boards of the International Underwriting Association of London (IUA) and the London Market Association (LMA) recently approved a proposal from the London & International Insurance Brokers' Association (LIIBA), and the broking community to develop a Single Claims Agreement Model in the London market. The proposal aims to establish a single ... Read the full article
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