Posts Tagged ‘London Market’

DQPro Recognised as a London Market Insurtech Leader

DQPro Recognised as a London Market Insurtech Leader
Nick Mair DQPro Recognised as a London Market Insurtech Leader DQPro, the data monitoring platform, now being used by 12 global insurance carriers and 35% of the London market; identified in Oxbow Partners’ 2019 Insurtech Impact25 report as one of the emerging insurtechs likely to have a major impact...
May 3rd, 2019 | Insurance and Reinsurance, IT and Communications, Marine Equipment Products and Services, Reports | Read More

New IUA appointment to review central processing services

New IUA appointment to review central processing services
Peter Sammons The International Underwriting Association (IUA) has appointed a consultant to help its member companies make the most of their use of central London Market processing services. A review of service levels will be conducted and the full range of end-end-end business processes analysed, including...
January 17th, 2019 | Associations, Company Profiles, Insurance and Reinsurance, IUA, Marine Insurance, Person Profiles | Read More

IUA issues Good Practice Guide for Delegated Authorities

IUA issues Good Practice Guide for Delegated Authorities
Dave Matcham A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association. The document urges firms to keep customer impacts uppermost in mind when outsourcing particular functions. It highlights the need for...
November 17th, 2017 | Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA identifies London Market priorities for 2017

IUA identifies London Market priorities for 2017
Dave Matcham Five priorities for the London company market in 2017 have been identified by the International Underwriting Association. Over the past 12 months, member firms have faced considerable challenges, commented the association’s chief executive Dave Matcham, but the IUA is well positioned to...
January 3rd, 2017 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, News | Read More

IUA to review ten years of catastrophe modelling‏

IUA to review ten years of catastrophe modelling‏
Dave Matcham Ten years of catastrophe risk management developments will be reviewed at an International Underwriting Association seminar. Over the last decade the London Market body has hosted an annual meeting looking at how risk modelling techniques can be applied across a range of underwriting disciplines. In...
August 1st, 2016 | Associations, IUA | Read More

Senior London Market figures elected to IUA Board‏

Senior London Market figures elected to IUA Board‏
Dave Matcham Six senior London Market executives have been elected to the governing board of the International Underwriting Association. At the organisation’s annual general meeting five members were formally elected after being co-opted to serve over the past 12 months. They are: James Weatherstone,...
July 5th, 2016 | Company Profiles, Insurance and Reinsurance, IUA, Marine Insurance, Person Profiles | Read More

IUA members highlight value of EU membership‏

IUA members highlight value of EU membership‏
Dave Matcham Membership of the European Union provides insurers with substantial benefits and London Market companies would be significantly damaged if they were lost, the International Underwriting Association has stated. The EU financial services passport allows firms based in London to conduct business...
May 5th, 2016 | Associations, European Union, Insurance and Reinsurance, IUA, Marine Insurance | Read More

London Market develops Shariah compliant insurance products

London Market develops Shariah compliant insurance products
Dave Matcham at the podium delivering his speech at the Dubai International Financial Centre. Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), has stated. Dave Matcham pointed to the growth of commercial sharia...
November 9th, 2015 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA appoints new market modernisation consultant

IUA appoints new market modernisation consultant
The International Underwriting Association has appointed Caroline Mullan as a project management consultant to assist with the implementation of various London Market modernisation initiatives. Caroline will be working on projects involving electronic placement, data integration and settlement as well...
October 27th, 2015 | Associations, HR, Insurance and Reinsurance, IUA, Marine Insurance, Person Profiles | Read More

New London Market delegated authority group to be created

New London Market delegated authority group to be created
Dave Matcham A new London company market committee is being established to discuss delegated underwriting authorities. The group will be operated by the International Underwriting Association and is being set up in response to a growing number of queries about the subject from its member firms. Delegated...
May 26th, 2015 | Associations, IUA | Read More

IUA disappointed by rise in regulatory fees

IUA disappointed by rise in regulatory fees
Chris Jones The Prudential Regulatory Authority has proposed to raise its industry charge for ongoing regulatory activities by an average of 4.7%, but the cost to general insurance companies is set to jump by 7.7%. This follows a similar rise for such firms of 1% in 2014/15 when almost all other fees...
May 19th, 2015 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Regulatory | 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 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

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

Analysts are putting reinsurers’ new capital strategies under the microscope, Fitch Ratings tells London market

Analysts are putting reinsurers’ new capital strategies under the microscope, Fitch Ratings tells London market
Chris Waterman Analysts are putting reinsurers’ new capital strategies under the microscope, Fitch Ratings tells London market,  By James Brewer Big reinsurance companies are switching into alternative capital investments – already to the tune of $45bn – to counter stagnating returns from traditional...
January 25th, 2014 | Insurance and Reinsurance, News | Read More