The International Underwriting Association has appointed its first apprentice. Tom Hughes will become a full-time employee from next month, strengthening its work supporting London market companies.
He will spend his first year at the association rotating between different departments in order to gain a widespread knowledge of its work. Tom will report to IUA directors responsible for underwriting and claims, market modernisation, public affairs and communications. A detailed training plan has been devised which includes providing support for market committees and assisting in the production of statistical reports and other publications and shadowing market modernisation projects.
IUA Chief Executive Dave Matcham, said: “I am delighted to welcome Tom to the IUA team. If the London market is to maintain its reputation as a global centre of insurance expertise and innovation it is vital that we attract high quality candidates. We have devised an IUA apprenticeship programme which promises to be an excellent way of developing new staff to become valuable future practitioners.
“Tom’s IUA training programme will allow him to gain an understanding of how the London market operates and he will provide valuable support to our work for member companies.”
In addition to his practical training Tom will also be undertaking Chartered Insurance Institute qualifications. He has been working at the IUA on a temporary basis since last year after completing A level examinations in economics, geography and physical education.
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.