The International Underwriting Association has welcomed the announcement of a new Personal Injury Discount Rate for England and Wales. The rate is used by courts to calculate lump sum compensation…
Premiums up by 25% over past year Treaty reinsurance written in the London company market grew by almost one-third in 2023, new figures from the International Underwriting Association (IUA) have…
The International Underwriting Association has welcomed a review of Consumer Duty regulation announced by the Financial Conduct Authority. The regulator is seeking feedback on plans to streamline burdens the rules…
Three more companies have joined the International Underwriting Association (IUA). The organisation has announced a continued expansion reflecting the robust health of a London company market that has seen premiums…
London Market insurers will play a vital role in the development of new advanced air mobility technologies over the next few years, the International Underwriting Association has stated. The organisation…
The London company market’s senior committee for discussing issues of re/insurance regulation is under new leadership. Matthew Dumbrell, General Counsel for the UK branch of Generali has been appointed Chair…
Details of a dedicated company market support programme for the adoption of new digital processing services in the London Market have been published by the International Underwriting Association. Last week…
A new London Market committee has been established by the International Underwriting Association (IUA) to review progress on the adoption of new digital services. Under the Blueprint Two programme a…
The International Underwriting Association has welcomed a decision not to push ahead with a proposed change in the Financial Services Compensation Scheme (FSCS). Under plans to increase the scope of…
The Board of the International Underwriting Association is to be strengthened with the addition of another senior London Market figure to its ranks. Luis Prato is President of UK &…
The IUA has strongly opposed plans to publish details of future regulatory investigations before they reach their conclusion. Under proposals announced by the Financial Conduct Authority details of ongoing enquiries…
Complex compliance, tax and coverage issues surrounding the purchase of directors and officers liability cover by multinational companies are addressed in a new guide published by the International Underwriting Association…
Distinguished members, friends, representatives of organizations, and esteemed supporters came together to celebrate the 30th anniversary of WISTA Hellas. Together, they lit the candles alongside the past Presidents in a…
Claire McDonald, Member of the Executive Board for HDI Global SE, has been elected as the new Chair of the International Underwriting Association (IUA). She replaces Phil Hobbs, President…
Operational efficiency is the number one business challenge for companies in the London insurance market, a new survey of technology trends has revealed. If this can be achieved through a…
Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report published by the International Underwriting Association (IUA). A whitepaper, jointly…
Total premium income for the London company market in 2022 was £44.071bn, a new report by the International Underwriting Association (IUA) has revealed. The figure represents an increase of around…
Two new London Market model clauses have been published by the International Underwriting Association to help insurers, brokers and clients deal with claims preparation costs. Such costs can be paid…
The vital importance of payment and performance bonds issued by surety insurers has been clearly illustrated by a high-profile insolvency, the International Underwriting Association (IUA) has claimed. Henry Construction Projects…
New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of shipping casualties. A protocol document seeks to promote more effective…
The International Underwriting Association has welcomed news of streamlined Medicare reporting requirements for companies covering personal injury claims in the United States. Insurers have a statutory obligation to report settlements made…
The International Underwriting Association has published its business plan for 2023, highlighting key challenges for London Market insurance companies in the months ahead. Inflation, the need to recruit and train…
Phil Hobbs, President and Managing Director of Liberty Special Markets, has been elected as the new Chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, Head of Commercial…
2022 has seen the London company market “return to normal”, Rob Kuchinski, Chairman of the International Underwriting Association (IUA) stated at the body’s annual general meeting. A face-to-face trading environment…
Projects to tackle fire safety risks on high-rise residential buildings have been boosted by the publication of a new model insurance clause covering fire safety risks. The wording has been…