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IUA appoints new finance manager‏

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Maria Jauregui

Maria Jauregui

The International Underwriting Association (IUA) has appointed a new Finance Manager to support its work responding to tax and accounting developments affecting the London company market.

Maria Jauregui will provide overall management of the association’s financial responsibilities, producing statutory accounts, budgets and forecasts. But her role will also involve supporting public policy work to represent the interests of member companies on issues of tax reform.

In recent years a sweeping reform of global tax systems has been initiated as major economies have responded to public concerns about tax evasion and promoted greater cooperation between collection authorities.

Dave Matcham, Chief Executive of the IUA, said: “Our member groups looking at taxation developments have very busy agendas and have been responding to numerous consultation documents. It is important that international insurers and reinsurers are aware of the changes underway and the industry engages to ensure that any new rules are fair and equitable. There is a danger that excessive complexity in new legislation could create an undue compliance burden that discourages investment.

“Maria’s appointment will greatly assist the IUA’s work in this area. She has extensive experience of the London Market and will bring detailed accountancy expertise to our support for member companies.”

Prior to joining the IUA Maria Jauregui has previously worked for Barbican Insurance Group, Charles Taylor plc and Liberty Mutual Insurance Europe. She replaces the IUA’s existing Finance Manager John Lane who is retiring.

The IUA operates working groups for direct and indirect taxation. Both report to the association’s senior Legal and Regulatory Committee.

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