IUA

London Company Market premium jumps 20%

London Company Market premium jumps 20%

Dave Matcham, Chief Executive of the IUA

Premium income for the London company market jumped by 20% in 2020, a new report by the International Underwriting Association (IUA) has revealed. Large commercial and wholesale risks worth £27.976bn were written in the City last year, with a further £5.162bn completed in offices elsewhere, but overseen and managed by London operations. Combining these two figures gives an overall intellectual and economic premium of...

https://allaboutshipping.co.uk/2021/10/12/london-company-market-premium-jumps-20/

IUA Chairman addresses Annual Meeting

IUA Chairman addresses Annual Meeting

Rob Kuchinski, Chairman of the International Underwriting Association (IUA)

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 International Underwriting Association (IUA) stated at the body’s annual general meeting.

He outlined how the IUA has assisted officials, through a growing list of channels, understand underwriters’ risk appetites and levels...

https://allaboutshipping.co.uk/2021/09/20/iua-chairman-addresses-annual-meeting/

IUA survey shows support for building recladding but urges construction sector to do more

IUA survey shows support for building recladding but urges construction sector to do more

Chris Jones

Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two thirds of respondents to a survey by the International Underwriting Association (IUA) stated they would provide a limited form of cover, whilst a further 4% are happy to offer unrestricted protection.

But the construction industry still...

https://allaboutshipping.co.uk/2021/09/16/iua-survey-shows-support-for-building-recladding-but-urges-construction-sector-to-do-more/

IUA supports UK Building Safety Bill

IUA supports UK Building Safety Bill

Chris Jones

Insurance coverage for the construction sector will be boosted by proposed new safety laws, the International Underwriting Association has stated. Insurers have welcomed the government’s Building Safety Bill and believe it will provide underwriters with greater confidence to develop new products for construction professionals.

However, the core aims of the legislation must be properly implemented, resourced and enforced, the IUA warned and focussing...

https://allaboutshipping.co.uk/2021/07/15/iua-supports-uk-building-safety-bill/

IUA publishes new Environmental Liability Guide

IUA publishes new Environmental Liability Guide

Tom Hughes

General liability policies provide extremely limited cover for environmental liabilities that can be incredibly costly and high profile, a new report from the International Underwriting Association has warned.

‘A Practical Buyer’s Guide to Environmental Risk’ highlights a number of key limitations of non-specialist policies and demonstrates the breadth of coverage available for environmental risks in the environmental impairment liability...

https://allaboutshipping.co.uk/2021/06/15/iua-publishes-new-environmental-liability-guide/

IUA urges construction industry reform

IUA urges construction industry reform

Chris Jones

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 Underwriting Association has called for continuing improvements to regulation and culture, prioritising quality construction and safety over cost-cutting.

An industry survey published by the Construction Leadership Council highlighted significant cost increases and the...

https://allaboutshipping.co.uk/2021/04/01/iua-urges-construction-industry-reform/

IUA publishes new delegated authorities guide

IUA publishes new delegated authorities guide

Dave Matcham

A new good practice guide for delegated authorities has been published by the International Underwriting Association (IUA). The document highlights key concerns for insurance companies in assessing new coverholders and managing and renewing binding authority contracts. It also examines the delegation of both claims and complaints handling, stressing the need to focus on client experience.

The IUA Delegated Authority Underwriting Group...

https://allaboutshipping.co.uk/2021/03/29/iua-publishes-new-delegated-authorities-guide/

Final Reminder – Extension: Top 100 Women in Shipping nominations for 2020 under the auspices of www.allaboutshipping.co.uk – Voting

Final Reminder – Extension : Top 100 Women in Shipping nominations for 2020 under the auspices of www.allaboutshipping.co.uk – Voting

Dear all,

A very good morning / afternoon / evening all over Planet Ocean!

Hope you are all well and your businesses and organisations continue functioning as smoothly as possible under the Coronavirus anathema as we have branded this virus…

We would like to inform you that due to a surge in voting during these closing stages as well as the fact that many viewers,...

https://allaboutshipping.co.uk/2021/02/13/final-reminder-extension-top-100-women-in-shipping-nominations-for-2020-under-the-auspices-of-www-allaboutshipping-co-uk-voting/

IUA announces new chairman

IUA announces new chairman

Robert Kuchinski

Robert Kuchinski, Head of Commercial Insurance at Zurich UK, has been elected as the new Chairman of the International Underwriting Association. He replaces Patrick Tiernan who recently announced he would be leaving his role as Managing Director UK Commercial Lines & Global Corporate & Specialty at Aviva to become Chief of Markets at Lloyd’s of London.

Mr Kuchinski has been a member of the IUA Board since June 2019 and was previously one of two IUA...

https://allaboutshipping.co.uk/2021/02/01/iua-announces-new-chairman/

IUA Remote Market Briefings – February 2021 Update

IUA Remote Market Briefings – February 2021 Update

Deborah Finch

A list of forthcoming remote market briefing events hosted by the International Underwriting Association.

IUA Circular 012/21
Date: Wednesday 27 January 2021

Interest Groups: IUA Committee Membership 

Manage your member email preferences

Subject: Forthcoming IUA Remote Market  Briefing Sessions. All are free to attend but registration for each event is requested. Additional events will be added to our programme regularly.

Pri...

https://allaboutshipping.co.uk/2021/01/27/iua-remote-market-briefings-february-2021-update/

+ More