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…
10 August 2022 – The Loan Market Association, with the assistance of the Lloyd’s Market Association (LMA) and the International Underwriting Association (IUA) has published a model form of Credit…
A new group for the London company market focusing on Environmental, Social, and Governance (ESG) issues has been established by the International Underwriting Association. The committee is made up of…
London, Monday 28th March 2022: A raft of consequences faces shipowners, insurers, and adjusters in dealing with the aftermath of ship collisions, speakers at the latest joint seminar in London…
IUA Survey shows insurers covering emerging technologies More than half of companies polled in a new International Underwriting Association (IUA) survey are already providing insurance for devices linked to the…
Hands off Seafarers Hands off Seaferers By John Faraclas Given what takes place currently in the Black Sea and Sea of Azov, we demand here and now from the combatants…
IUA survey shows climate risk is top London Market challenge The top challenge currently facing London market companies is climate risk, a new survey by the International Underwriting Association has…
IUA Outlines Business Plan for 2022 The International Underwriting Association has published its business plan for 2022, featuring objectives on a range of issues highlighted in recent risk management surveys.…
London Company Market premium jumps 20% Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed. Large…
IUA Chairman addresses Annual Meeting London’s specialty insurance market will be vital in helping the UK recover economically from the effects of the Covid-19 pandemic, Rob Kuchinski, Chairman of the…
IUA survey shows support for building recladding but urges construction sector to do more Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove…
IUA supports UK Building Safety Bill Insurance coverage for the construction sector will be boosted by proposed new safety laws, the International Underwriting Association has stated. Insurers have welcomed the…
IUA publishes new Environmental Liability Guide General liability policies provide extremely limited cover for environmental liabilities that can be incredibly costly and high profile, a new report from the International…
Technology Trends and Innovation report published by IUA and Credera Digital transformation is imperative to remaining competitive in the London Market, according to the results of a new survey published…
IUA urges construction industry reform Insurers have urged the construction industry to embrace reform in order to help improve the provision of professional indemnity insurance for the sector. The International…
IUA publishes new delegated authorities guide A new good practice guide for delegated authorities has been published by the International Underwriting Association (IUA). The document highlights key concerns for insurance…