IUA supports market reforms
members in the London company market. mandate slip usage. encourage the initiative within the company market. standard. slips used for business incepted in London. LMP slip evolved to its present form. the LMP programme are built," says Stephen Cane, chairman of the IUA. insurance market as a whole. to increase acceptance. and shared market repositories. for the communication of data. outline for the proposals. reform programme," says Cane. insurance centre. insurance and reinsurance companies. association supporting the business environment in London. market. process of reform, to create an efficient and streamlined marketplace with improved service provided to clients.
Simon Beale Elected Chairman of Joint Hull Committee
Simon Beale, underwriter of the KJ Coles syndicate at Lloyd's, has been elected chairman of the Joint Hull Committee (JHC). The JHC is a joint initiative by the International Underwriting Association of London and Lloyd's Underwriters' Association. Its role is to support and develop the role of the London hull insurance market. The JHC acts as a focal point for hull insurance issues while providing advice and representation to members on technical, legal, promotional and educational issues. Simon Beale says he intends to build on the work that the JHC has been undertaking over the past twelve months by establishing a series of subcommittees to address technical issues and wordings, statistics and information, education and market information, liaison, and finance.
London Underwriters to Host Hull Market Seminar
Underwriters from the hull insurance market in London will hold a seminar in Greece later this year to debate issues of current interest to shipowners and insurers. In recent years, Lloyd's Underwriters Association has hosted a reception at the Piraeus Yacht Club during the week of the Posidonia exhibition and congress. This year, however, Lloyd's Market Association and the International Underwriting Association of London (IUA), under the auspices of the London Joint Hull Committee, have instead combined to host the seminar, which will take place either in October or November. This departure from custom reflects a feeling by London hull…
IUA Supports LibDem Call For Action on Piracy
Marie-Louise Rossi, chief executive of the International Underwriting Association of London (IUA), has applauded a call by politicians in the U.K. to support measures to crack down on piracy and armed robbery at sea. being undertaken by IMO to address this issue. bilateral and multilateral agreements between maritime nations and coastal states, by providing assistance to coastal states, and by pressing for flag states to make adequate relevant checks in connection with crew documentation, vessel registration and transparency of information. also advocated working through IMO to ensure that seafarers received proper training under a strengthened STCW Convention.
Heinz-Werner Hof Joins IAU Board
The International Underwriting Association of London (IUA) has announced that Heinz-Werner Hof, CEO of Allianz Marine and Aviation, has joined its board. Hof was co-opted to the board at its meeting in December. Prior to his current role, Hof was a board member at Allianz-Elementar in Austria, responsible for the property & casualty division. From 1993-2000, he was a board member of Allianz Hamburg and Allianz Globus MAT, holding the chairman's position from 1999-2000. Before that, Hof held various senior management positions within the Allianz Group in Munich, which he joined as an underwriter after graduating in 1977.
