International Underwriting Association (IUA)
Regulatory spotlight leads to IUA delegated authority group
A London company market committee run by the International Underwriting Association is being established to discuss delegated underwriting authorities.
Conflict with Medco mooted as revised rehab code awaits summer launch
Draft proposals for the revised rehabilitation code have sparked calls for a “distinct pathway” to be established for low value whiplash claims so as not to conflict with the fledgling Medco scheme.
International Underwriting Association announces opposition to fees increase
The International Underwriting Association has voiced its disappointment with the proposed increase in regulatory fees imposed on UK general insurers.
Godwin and Ingrouille join IUA board
AIG property casualty's UK chief operating officer Geoff Godwin and Nigel Ingrouille, UK branch manager for Swiss Re International, have been appointed to the board of the International Underwriting Association.
Case managers guide to be published alongside rehab code this summer
Proposed changes instigated as part of a revised rehabilitation code will include a separate process for lower-value injuries and the introduction of an accompanying guide for case managers.
IUA brands Scottish plans to recover asbestos costs 'an abuse of process'
The Scottish government’s proposal to recover medical costs for treating asbestos diseases is unequitable, could prove unlawful and would drive up the cost of liability insurance, according to the International Underwriting Association.
Market Moves - 2 April 2015
Who has moved where this week.
IUA and LMA prepare guidance on Insurance Act changes
The International Underwriting Association and Lloyd’s Market Authority are working with legal specialists to prepare guidance on the impact of the incoming Insurance Act on their members.
IUA calls for clarity on individual responsibilities
The International Underwriting Association has called on UK insurance regulators to clearly state the prime authority of company boards over individual responsibilities for complying with industry rules.
IUA airs experience fears over PRA's new insurance lead
The International Underwriting Association has revealed concerns over a lack of insurance experience at the Bank of England after Sam Woods was named executive director of insurance supervision.
HCML calls for rehab code to promote early intervention
HCML is calling for the insurance industry working party to the rehabilitation code consultation to tackle delays in assessments, treatment and care which increase costs to insurers.
IUA to issue IPT guidance as rates continue to rise across Europe
The International Underwriting Association is preparing to launch an online information service providing monthly updates on insurance premium tax following a rise in the levy across Europe last year.
Market Moves - 18 December 2014
All the latest job moves in the insurance market.
Ex-Amlin and QBE project leader Day replaces Hobbs as IUA programme director
The International Underwriting Association has appointed Louise Day as programme director to lead company involvement in the London Market’s modernisation programme.
Report issues warning to London over threats posed by emerging markets
Market must ‘take notice and implement changes’ to compete in future
London market bosses’ wish for unified representation unlikely to be realised
Insiders doubtful over aims of CEOs and COOs that were revealed in IUA survey
Deputy Editor's Comment: Looking beyond the EU rhetoric
Is it impossible for anyone in public office to talk about the European Union without expressing or feigning anger for their own side’s short-term political gain? It seems that way this week.
London company market income from overseas offices increases 10%
Insurance business written overseas subject to oversight by London operations accounted for £6.8bn of premium in 2013, a 10% increase on 2012, according to an International Underwriting Association report.
Marie-Louise Rossi: An obituary
Marie-Louise Rossi, who died last night at the age of 58, left a huge legacy for the London insurance market for which she acted as a powerful, persuasive advocate for over a decade while at the helm of the International Underwriting Association (IUA).
Insurers face major restructuring or increase in VAT after ECJ tax decision
European Court of Justice ruled that offshore entities should be subject to VAT
Rehab code to be reviewed amid personal injury developments
The changing personal injury landscape has triggered the first review of the rehabilitation code in more than seven years.
Supervision, contract law reform and sanctions are top IUA concerns
Supervision by the Financial Conduct Authority and Prudential Regulation Authority, reform of UK insurance contract law and international trade sanctions are the top regulatory concerns for members of the London companies market.
IUA backs government cyber risk project
The International Underwriting Association has backed a new government project to promote better management of cyber risk.
IUA begins 'most extensive' London company market survey
The International Underwriting Association has begun research for its 2014 London Company Market Statistics Report designed to provide analysis of the market's premium income.