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International Underwriting Association to review London market


The International Underwriting Association is undertaking a strategic review of the issues facing the London company insurance market.

At the London-based association's annual general meeting Thursday, IUA Chairman Malcolm Newman said the group would widen its review of the market by conducting a series of interviews with senior London market figures.

These interviews are intended to “deepen the association's understanding of the underwriting platform choices made by companies and the services they require as a result,” the IUA said in a statement.

At the annual meeting, the IUA published its annual review of 2013, which said the London company market generated premium volume of £24.2 billion ($41.23 billion) in 2013, a 8.6% increase compared with 2012.