IUA

Media comment on HM Treasury policy paper: New approach to ensure regulators and regulation support growth

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Viewers can find below a comment from the International Underwriting Association welcoming the publication of the UK Government’s policy paper on a ‘new approach to ensure regulators and regulation support growth’ (https://www.gov.uk/government/publications/a-new-approach-to-ensure-regulators-and-regulation-support-growth/new-approach-to-ensure-regulators-and-regulation-support-growth-html) :

Nafisah Hussain, Senior Public Policy Executive at the International underwriting Association, said:

“Th...

https://allaboutshipping.co.uk/2025/03/17/media-comment-on-hm-treasury-policy-paper-new-approach-to-ensure-regulators-and-regulation-support-growth/

IUA welcomes decision on publication of unresolved regulatory investigations

Helen Dalziel

The IUA has welcomed a decision not to change rules around the publication of regulatory investigations before they reach their conclusion. Under proposals previously announced by the Financial Conduct Authority (FCA), information about ongoing enquiries into alleged misconduct would be subject to a ‘public interest’ test. Currently, they are subject to an ‘exceptional circumstances’ test.

Such a move would have made it more likely that investigations may be published prematurely....

https://allaboutshipping.co.uk/2025/03/12/iua-welcomes-decision-on-publication-of-unresolved-regulatory-investigations/

Of Nuts and Bolts*

by John Faraclas

The best ever global social event of its kind over the last 40 years in the British capital – the administrative capital of Shipping, was by far, the 30th Anniversary Ball of HESGB at the iconic West End venue JW Marriott Grosvenor House on Park Lane, adjacent to Hyde Park.

842: the pin number unlocking success!

Breaking all previous records with 842 members, friends and guests from just over 40 nations:

  • a warm welcome and registration from twelve young volunteers supervised by...

https://allaboutshipping.co.uk/2025/03/03/of-nuts-and-bolts/

New London Market Construction and Engineering Group formed

A new London Market committee for construction and engineering claims professionals has been established by the International Underwriting Association (IUA). The group will meet regularly providing a formal discussion forum for company representatives. It will promote good practice, host educational presentations and share industry insights.

Joe Shaw, Senior Underwriting and Claims Executive at the IUA, said: “Our Construction and Engineering Claims Committee offers an exciting opportunity for...

https://allaboutshipping.co.uk/2025/02/11/new-london-market-construction-and-engineering-group-formed/

IUA publishes Cyber Business Interruption Report

Helen Dalziel

Cyber business interruption risks should receive the same level of attention as that given to information technology security controls and ransomware threats, a new report by the International Underwriting Association has stated.

Research conducted by the market body in association with Baker Tilly analyses claims experiences from the last few years. It concludes that whilst understanding of cyber business interruption has come a long way, there is still work to be done to improve...

https://allaboutshipping.co.uk/2025/02/10/iua-publishes-cyber-business-interruption-report/

Experts expound practical aspects of collision claims to underwriters and average adjusters

Michiel Starmans of Spliethoff (chairman of the Association of Average Adjusters); Alistair Johnston, partner at CJC Law; and Chris Zavos, partner at Kennedys.

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 of the Association of Average Adjusters and the International Underwriting Association made clear.

Casualties harbour potential cost implications...

https://allaboutshipping.co.uk/2022/03/28/experts-expound-practical-aspects-of-collision-claims-to-underwriters-and-average-adjusters/

IUA Survey shows insurers covering emerging technologies

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 ‘Internet of Things’ and unmanned aerial vehicles (UAVs). The research showed how London Market companies are developing new products to cover emerging technologies, with around 30% of firms already insuring smart medical devices and artificial intelligence.

A total of 20 companies were...

https://allaboutshipping.co.uk/2022/03/09/iua-survey-shows-insurers-covering-emerging-technologies/

Hands off Seafarers

Hands off Seafarers

John Faraclas

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 to avoid harming Seafarers and or use them as pawns or even as human shields not just in this region, but beyond!

Ships have been hit, seafarers have been killed, others have been injured and others’ lives is at danger. Think of their families. We ask all of you to joins us today in a noble campaign all over Planet Ocean...

https://allaboutshipping.co.uk/2022/03/04/hands-off-seafarers/

IUA survey shows climate risk is top London Market challenge

IUA survey shows climate risk is top London Market challenge

Dave Matcham

The top challenge currently facing London market companies is climate risk, a new survey by the International Underwriting Association has revealed. In a survey of its members the organisation recorded 27% of respondents mentioning climate change and wider environmental, social and governance (ESG) issues when asked what are the top three challenges facing your company? The second most popular answer was regulatory change...

https://allaboutshipping.co.uk/2022/01/27/iua-survey-shows-climate-risk-is-top-london-market-challenge/

IUA Outlines Business Plan for 2022

IUA Outlines Business Plan for 2022

Dave Matcham

The International Underwriting Association has published its business plan for 2022, featuring objectives on a range of issues highlighted in recent risk management surveys. Climate risk, business interruption, regulatory changes and pandemic response are all topics that are both of concern to London company market clients and set to be addressed by the IUA in the months ahead.

The association’s Climate Risk Committee will continue to cooperate with...

https://allaboutshipping.co.uk/2022/01/13/iua-outlines-business-plan-for-2022/

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