Two new members have been elected to the Board of the International Underwriting Association.
Karen Green, Chief Executive Officer, Aspen Insurance UK Limited and Aspen Managing Agency Limited and David Robinson, Regional President, UK and Ireland at ACE Group were appointed at the association’s annual general meeting.
The IUA Board is responsible for governing the organisation. It comprises up to 20 member representatives who are generally Chairmen or Chief Executives of insurance and reinsurance companies or otherwise senior market figures.
Ms Green joined Aspen in 2005 having previously worked with global private equity firm MMC Capital Inc, GE Capital and as an investment banker with Baring Brothers and Schroders.
Mr Robinson has over 20 years of insurance industry experience. Before assuming his current role in April 2012 he was responsible for ACE’s financial lines business in all regions outside North America and Bermuda and prior to joining ACE in 2004 he held various underwriting and management roles for Chubb in the UK and Europe.
IUA Chief Executive Dave Matcham said: “I am delighted to welcome Karen Green and David Robinson to the IUA Board. David’s extensive international underwriting experience and the insight he brings from ACE Group, one of the world’s largest multiline property and casualty insurers, will be a real asset to the association.
“Karen is another leading figure in the London Market and her contribution to governing the IUA will undoubtedly help us become an even stronger, more professional organisation.”
About the IUA
The International Underwriting Association of London (IUA) is the world’s largest representative organisation for international and wholesale insurance and reinsurance companies. It exists to promote and enhance the business environment for such companies operating in or through London.
The IUA’s London Company Market Statistics Report shows that premium income for the company market in 2010 was £12.6bn net of commission or £16.4bn gross written premium. These results are based on a comprehensive survey of 57 companies.