The International Underwriting Association has appointed a new Programme Director to lead company involvement in the London Market’s modernisation programme.
Louise Day will be the IUA’s primary representative across a range of modernisation initiatives including electronic placement, electronic claims and the central services refresh programme.
She will be responsible for managing the participation of the association’s member companies on a number of project boards and steering groups working to improve business processing in the London Market.
IUA Chief Executive Dave Matcham said: “As the IUA’s Programme Director Louise will play an important role in advancing various initiatives to improve the London Market infrastructure and reduce the cost of doing business.
“She comes to the role with extensive project management experience and a strong understanding of our industry. I am sure she will prove a valuable addition to the IUA’s senior management team and look forward to welcoming her.”
Ms Day has previously worked for QBE, Amlin, Ace and Brit Insurance, managing large scale and complex business and information technology projects, and begins her new role from January 1 2015.
She is replacing John Hobbs who is retiring from his role as the IUA’s senior market modernisation representative. Mr Hobbs will, however, remain working for the association on a part-time basis to focus on several internal strategy projects.
About the IUA
The International Underwriting Association of London (IUA) represents international and wholesale insurance and reinsurance companies operating in or through London. It exists to promote and enhance the business environment for its members.
The IUA’s London Company Market Statistics Report shows that premium income for the company market in 2013 was £17.445bn with a further £6.831bn controlled by London but written elsewhere. These results are based on a comprehensive survey of 57 companies and combined give an overall intellectual and economic premium total of £24.276bn for the London company market.