Posts Tagged ‘IUA’

Early Dry and Wet Market blues…

Early Dry and Wet Market blues…
John Faraclas Did I hear you say shipping business intuition, eh??? The BDI (Baltic Dry Index) despite a steady upwards …“spree” ended the day with four points down at 1,578, which on the other hand is 91 points plus since last week’s closing (1,487). The wets were both down. The Geopolitics...
October 20th, 2017 | Associations, Books, Charity, European Union, Events, Food and Drink, Insurance and Reinsurance, IUA, Marine Insurance, Markets, News, Person Profiles, Politics and Government, Press and Media, Reports, Shipping Centers, Shipping Indices, Statistics, Stock Markets | Read More

‘Somebody’s Watching Me’: trends in cyber security and data privacy breach suits…

‘Somebody’s Watching Me’: trends in cyber security and data privacy breach suits…
Robert Cosgrove. ‘Somebody’s Watching Me’: trends in cyber security and data privacy breach suits highlighted by US lawyer Robert Cosgrove at London IUA briefing,  By James Brewer Data privacy breach lawsuits in the US are seeing average claims of $350, 000 – plus around $750, 000 per case in...
June 4th, 2015 | Associations, Corruption, Insight, Insurance and Reinsurance, IT and Communications, Legal, Maritime Fraud, Safety and Security, Technical, Technology | Read More

Scottish Asbestos Proposal likely to prove unlawful warns IUA

Scottish Asbestos Proposal likely to prove unlawful warns IUA
Chris Jones A proposal for the Scottish government to recover medical costs for treating asbestos diseases is unequitable, could prove unlawful and would drive up the cost of liability insurance. The plan to retroactively extend the terms of insurance policies would breach the rights of insurance companies,...
April 14th, 2015 | Associations, Corporate Social Responsibility, Environment, Health and Safety, HR, IUA, Marine Insurance, Medical, Safety and Security | Read More

Bad Faith round-up…

Bad Faith round-up…
Michael Thompson, Ann Waite and Joseph Grasso. Bad Faith round-up: law firm Wiggin and Dana offers advice to insurers seeking to avoid bad news from US courts By James Brewer London underwriters have been warned that coverage dispute lawsuits in the United States could bring heavy financial consequences...
April 7th, 2015 | Associations, Bribery and Corruption, Claims, Corruption, Disputes, Insight, Insurance and Reinsurance, IUA, Legal, Marine Insurance, Maritime Fraud, News, Seizures | Read More

You’re hired! New IUA apprentice recruited

You’re hired! New IUA apprentice recruited
Tom Hughes The International Underwriting Association has appointed its first apprentice. Tom Hughes will become a full-time employee from next month, strengthening its work supporting London market companies. He will spend his first year at the association rotating between different departments in order...
March 25th, 2015 | Associations, Communication, Company Profiles, Corporate Social Responsibility, HR, IUA, Jobs, People and Places, Person Profiles | Read More

IUA to work with risk managers…

IUA to work with risk managers…
Dave Matcham IUA TO WORK WITH RISK MANAGERS ON DEVELOPMENT OF NEW INSURANCE PRODUCTS Efforts to boost the development of innovative insurance products in the London Market have received the support of UK risk managers. The Board of the International Underwriting Association discussed the challenges of...
March 2nd, 2015 | Associations, Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA and LMA prepare for new insurance legal framework

IUA and LMA prepare for new insurance legal framework
Chris Jones Plans are being made by the International Underwriting Association and Lloyd’s Market Association to prepare their members for fundamental changes being made to insurance contract law in the UK. The Insurance Bill has been passed unanimously in the House of Commons and is expected to become...
February 6th, 2015 | Associations, Bribery and Corruption, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud | Read More

IUA seeks clarification on new regulatory regime for insurance managers

IUA seeks clarification on new regulatory regime for insurance managers
Chris Jones The International Underwriting Association has urged UK insurance regulators to state clearly the prime authority of company boards over individual responsibilities for complying with industry rules. Responding to a consultation exercise on a new Senior Insurance Managers Regime, the association...
February 3rd, 2015 | Associations, HR, Insurance and Reinsurance, IUA, Regulatory | Read More

IUA launches new Insurance Premium Tax

IUA launches new Insurance Premium Tax
Nick Lowe IUA LAUNCHES NEW INSURANCE PREMIUM TAX INFORMATION SERVICE AS RATES CONTINUE TO RAISE  A new insurance premium tax information service is to be launched by the International Underwriting Association as governments in Europe continue to use such levies to boost public finances. The IUA’s...
January 12th, 2015 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Taxation | Read More

TRIA renewal: IUA press comment‏

TRIA renewal: IUA press comment‏
Dave Matcham Viewers can read herebelow a press comment from IUA chief executive Dave Matcham on the renewal of the Terrorism Risk Insurance Act (TRIA). Dave Matcham, Chief Executive of the International Underwriting Association, said: “The IUA is pleased to see the US House of Representatives has...
January 7th, 2015 | Associations, Insurance and Reinsurance, IUA, Piracy and Terrorism | Read More

IUA identifies three key priorities for the London Market in 2015

IUA identifies three key priorities for the London Market in 2015
Dave Matcham Three key priorities have been identified by the International Underwriting Association to boost the London company market in 2015. A new business plan drawn up by the association focuses on several initiatives designed to enhance London’s ability to attract international insurance business....
January 5th, 2015 | Associations, Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA appoints new director for London Market modernisation projects

IUA appoints new director for London Market modernisation projects
Louise Day The International Underwriting Association has appointed a new Programme Director to lead company involvement in the London Market’s modernisation programme. Louise Day will be the IUA’s primary representative across a range of modernisation initiatives including electronic placement,...
December 9th, 2014 | Associations, Company Profiles, HR, Insurance and Reinsurance, IUA, News, Person Profiles | Read More

London company market income from overseas rises 10%

London company market income from overseas rises 10%
New IUA research underlines international nature of business models The overall intellectual and economic premium total for the London company market in 2013 was £24.276bn, a new report by the International Underwriting Association has revealed. The figure is up by 0.2% on the 2012 amount of £24.225bn...
October 28th, 2014 | Associations, Insurance and Reinsurance, IUA, Reports | Read More

IUA research highlights London Market concerns

IUA research highlights London Market concerns
Dave Matcham The London Market must remain vigilant in representing its interests to government and regulators, new research by the International Underwriting Association has found. There is a common belief amongst companies and brokers that the market needs to be fully engaged with officials to influence...
October 28th, 2014 | Associations, Insurance and Reinsurance, IUA | Read More

Company Market shows strong interest in new IUA cyber group

Company Market shows strong interest in new IUA cyber group
Chris Jones More than 40 people participated in the first meeting of a new cyber risk group run by the International Underwriting Association for the London company market.  A strong interest in the subject across several different traditional classes of business prompted the association to launch the...
October 21st, 2014 | Associations, Insurance and Reinsurance, IUA, Markets | Read More

IUA highlights compliance burdens at Marine Insurance Conference

IUA highlights compliance burdens at Marine Insurance Conference
Dave Matcham Marine insurers face myriad local compliance regulations when providing cover for international cargo operations, Dave Matcham, chief executive of the International Underwriting Association has warned Speaking at the International Union of Marine Insurance (IUMI) annual conference in Hong...
September 25th, 2014 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Organisations | Read More

The IUA’s 2014 summer party

The IUA’s 2014 summer party
At the Back Bar of the historic and internationally known “The Minories Pub”, off Tower Hill, under the rail bridge, the International Underwriting Association’s* Summer Party earlier on this evening was a great success! Over 150 attended this get-together annual event, a reward for the Associations’...
July 3rd, 2014 | Anniversaries, Events, Insurance and Reinsurance, IUA, People and Places, Social Columns | Read More

What does it say on the tin – are lawyers reading the labels in different ways?

What does it say on the tin – are lawyers reading the labels in different ways?
James Brewer What does it say on the tin – are lawyers reading the labels in different ways? Marine pre-policy negligence under scrutiny at IUA/AAA briefing,  By James Brewer Spanners in the works – metaphorical and real – have led to questions being raised as to the fairness and robustness of...
March 10th, 2014 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, IUA | Read More

New regulatory regime begins IUA responds to launch of UK supervisory bodies

New regulatory regime begins IUA responds to launch of UK supervisory bodies
Nick Lowe The IUA has welcomed the launch of a new regulatory regime for the UK insurance industry, but warned against over-intervention in the commercial market. On 1 April the Financial Services Authority was replaced by two new supervisors, the Prudential Regulatory Authority (PRA) and the Financial...
April 11th, 2013 | Marine Insurance | Read More

Cats that stop ships’ engines from purring: IUA/AAA experts outline a strategy for the fight back against corrosive fuel particles

James Brewer Cats that stop ships’ engines from purring: IUA/AAA experts outline a strategy for the fight back against corrosive fuel particles, By James Brewer Tiny particles, often much finer than human hair, are causing damage in more and more marine engines, resulting in insurance claims...
March 31st, 2013 | Bunkering, Environment, Marine Insurance | Read More

IUA calls for reform to reinsurance regulations in Brazil

IUA calls for reform to reinsurance regulations in Brazil
Dave Matcham Opening up of market would help infrastructure projects like 2016 Olympics       The success of the Rio 2016 Olympics may be economically linked to reform of the Brazilian reinsurance industry, IUA Chief Executive Dave Matcham has stated at a seminar in Rio de Janeiro.       Addressing...
March 15th, 2013 | Associations, Insurance and Reinsurance, News | Read More

Insurance Premium Taxes rising across Europe, IUA research reveals

Insurance Premium Taxes rising across Europe, IUA research reveals
Nick Lowe Finance deficits and a worsening economic outlook have led several governments across Europe to ramp up insurance premium tax rates, new research from the International Underwriting Association has shown. Many higher tax rates have been implemented from 1st January 2013 and will serve to fund...
January 30th, 2013 | Associations, Insurance and Reinsurance, News | Read More

IUA sets out plans for 2013

Dave Matcham Two key regulatory developments are high on the International Underwriting Association’s list of priorities for 2013. The association will be tracking various initiatives aimed at converging international regimes for the supervision of re/insurance. It will also be seeking to ensure the...
December 18th, 2012 | Associations, Insurance and Reinsurance | Read More

London Company Market measured at £22bn IUA statistics report paints comprehensive picture of annual premium income

Dave Matcham More than £17bn of premium income was written by the company market in London during 2011, a new statistical analysis by the IUA has revealed. And a further £5bn was written elsewhere, but controlled by London market offices. The IUA’s London Company Market Statistics Report has, for...
November 14th, 2012 | Associations, Insurance and Reinsurance | Read More

IUA publishes New London Company Market Statistics Report

Dave Matcham Survey shows overall premium total of more than £22 billion More than £17bn of premium income was written by the company market in London during 2011, a new statistical analysis by the International Underwriting Association has revealed. And a further £5bn was written elsewhere, but controlled...
October 22nd, 2012 | Books, Insurance and Reinsurance | Read More