Premiums up by 25% over past year Treaty reinsurance written in the London company market grew by almost one-third in 2023, new figures from the International Underwriting Association (IUA) have ..read more

The International Conference on Inclusive Insurance 2024 (ICII 2024) takes place from 21-25 October in Kathmandu, Nepal. Registration is now open for media to attend the event press briefing, taking place online and in person ..read more

Three more companies have joined the International Underwriting Association (IUA). The organisation has announced a continued expansion reflecting the robust health of a London company market that has seen premiums ..read more

Once again we were privileged to be live on Vergina TV with Christina Tsorba responding on: The assassination attempt on Donald Trump, the consequences and what will come out if he becomes president vis-a-vis the current wars and other issues… The Wars in Ukraine and the Middle East and what is next to come; the outcome on both cases which will be more than messy – dreadful on all counts the bombing of the children’s hospital in Ukraine by Russia… Russia also claims counter Ukrainian attacks… The 75th NATO Anniversary in Washington and what’s next… The escalation on both wars and what will N ..read more

Tom Hughes London Market insurers will play a vital role in the development of new advanced air mobility technologies over the next few years, the International Underwriting Association has stated. The organisation called for a robust certification process that prioritises safety and access to data so that underwriters can effectively analyse risks and liabilities. Its comments were made in an official response to a public review of the law around autonomous flight being conducted by the Law Commission. Aviation drones are already in widespread use, but their development is expected to acceler ..read more

Helen Dalziel The London company market’s senior committee for discussing issues of re/insurance regulation is under new leadership. Matthew Dumbrell, General Counsel for the UK branch of Generali has been appointed Chair of the International Underwriting Association (IUA)’s Legal and Regulatory Committee. He will be working with the trade body’s secretariat to set the group’s future agenda and lead debate amongst members. The committee monitors the development of legal, regulatory, international trade, accounting and taxation changes affecting the London Market. It co-ordinates IUA responses ..read more

The Maritime Advocate is free to readers and is entirely supported by advertisers and sponsors. A banner advertisement represents excellent value so please consider using us whenever you have a commercial message to place. We have banner opportunities on our website https://themaritimeadvocate.com and are also on the lookout for new sponsors. If you wish to get a quote please email us at contactus@themaritimeadvocate.com for details. IN THIS ISSUE 1. A day we forget 2. Day of the Seafarer 3. Speed control 4. Mission partnership 5. Labour convention enforcement 6. Seafarers ..read more

Louise Day Details of a dedicated company market support programme for the adoption of new digital processing services in the London Market have been published by the International Underwriting Association. Last week the target cutover date for switching to phase one of the single digital platform under the Blueprint Two project was postponed. The decision was taken to ensure that the change can be conducted safely with ample time for training and testing. The IUA is one of three shareholders of the London Market’s technology partner Velonetic. Recognising this important position, the associat ..read more

2,038 exhibitors from 81 countries present at biggest ever Posidonia Posidonia 2024 has already gone down in history as the best-attended in the biennial event’s 55 years of existence, and organisers are already busy receiving enquiries and pre-registration applications for the next event, scheduled for 1-5 June 2026. Having broken all previous records in terms of exhibition space, number of exhibitors and visitors, Posidonia 2024 was also the place where the maritime world came together once again to finalise and confirm highly lucrative new business deals or announce previously signed contr ..read more

Louise Day A new London Market committee has been established by the International Underwriting Association (IUA) to review progress on the adoption of new digital services. Under the Blueprint Two programme a single digital platform is being established for processing premiums and claims. A target date of October 2024 has been set for insurers to cut over to phase one of these new services. The IUA’s Cut-over Review Committee will review information about the readiness of the London company market, and its technology partner Velonetic, to make this switch. It will advise the IUA Board, so tha ..read more