IUA News

London’s Development of Islamic Products Enhances Position as Insurance Hub

Islamic financial activity in London is developing a growing maturity, the chief executive of the International Underwriting Association (IUA), stated. Dave Matcham pointed to the growth of commercial sharia compliant products as an important example of the innovation required by …

London’s IUA Supports Coordinated, International Approach to Drone Regulation

A coordinated, international approach to the regulation of aviation drones is essential for the technology to thrive, said the International Underwriting Association (IUA), which represents wholesale re/insurance companies in the London market. As a result of rapidly growing interest in …

International Underwriting Association Elects New Market Committee Leaders

The London-based International Underwriting Association’s new Delegated Authority Underwriting Group has held its first meeting and elected Paul Rich of Inter Hannover as its chairman. Matt Gordon of Aviva has been appointed deputy chairman. The group was established in response …

IUA to Compile New Statistical Analysis of the London Insurance Market

The International Underwriting Association announced a number of new initiatives to enhance and expand its statistics for the London company market in 2012. In 2011 it published a “groundbreaking analysis that comprehensively measured premium income generated by insurance and reinsurance …

Insurance Groups Laud State Regulators’ Action to Reduce Reinsurance Collateral

State insurance regulators have approved a new model law and regulation on credit for reinsurance that allows some foreign reinsurers to post reduced collateral. The new rules and regulations, which have taken 12 years to complete, would – if adopted …