The International Underwriting Association has appointed a new senior executive to support its work on projects to modernise London Market business processes.
Kim Darrington will help represent the interests of IUA member companies in the development and implementation of cross-market plans pursued by the London Market Group. In particular, she will be working on the electronic placing platform PPL, the Central Services Refresh Programme and the re-platforming of the Insurers’ Market Repository.
Kim has more than ten years of experience in the insurance industry and has worked on change and transformation projects for a number of leading London Market companies. Reporting to the IUA’s director of market modernisation, Louise Day, she will support the operation of the IUA’s Process Efficiency Group and other modernisation committees.
“The desire to make the London Market an easier place with which to do business has resulted in a number of initiatives designed to drive greater operational efficiency, ” commented Louise Day. “It is important that IUA companies are fully informed about the costs and benefits of such changes.
“This new appointment will significantly enhance company market engagement with the modernisation programme and supports the central aim of making London a more accessible and cost effective marketplace.
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 overall premium income for the company market in 2014 was £22.943bn. Gross premium written in London totalled £15.855bn while a further £7.079bn was identified as written in other locations but overseen by London operations.