The Board of the International Underwriting Association has been strengthened by the addition of two senior London Market executives.
Geoff Godwin, UK Chief Operating Officer at AIG Property Casualty and Nigel Ingrouille, UK Branch Manager for Swiss Re International SE have both been co-opted to serve. The Board is the IUA’s main governing body and comprises the association’s chief executive and up to 20 member representatives. Further nominees are expected as the IUA prepares for its annual general meeting on 24 June 2015.
The two new executives were brought in to replace members who have recently stepped down: Stephen Riley of Global Aerospace Underwriting Managers, Jacqueline McNamee, of AIG and Russell Higginbotham of Swiss Re.
, Chief Executive of the IUA said: “There continues to be a welcome high level of interest in participating on the IUA’s governing Board since it considers many important issues and opportunities for the London company market.”
The IUA Board convenes on a monthly basis and also provides an opportunity for member representatives to meet with other senior market figures. Recent meetings have been attended, for example, by Lloyd’s Chief Executive Officer Inga Beale and Airmic Chief Executive John Hurrell to discuss the status of various cross-market 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.