International Underwriting Association

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International Underwriting Association

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What is the IUA?

The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.

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Apa itu IUA?

International Underwriting Association of London (IUA) adalah badan perwakilan untuk perusahaan di London yang menyediakan jaminan penutupan asuransi dan reasuransi internasional.

Mission Statement

To secure an optimal trading environment for London insurance companies.

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Misi: Untuk mengamankan lingkungan perdagangan yang optimal bagi perusahaan asuransi di London.

 

History

The IUA was formed on 31 December 1998, through the merger of the London International Insurance and Reinsurance Market Association (LIRMA) and the Institute of London Underwriters (ILU). This union brought together the representative bodies for the marine and non-marine sectors of the London company insurance market.

The ILU’s history in the marine, aviation and transport insurance markets dates back to 1884. Senior members of marine insurance companies had, since the 1850s, been meeting informally in the Jerusalem Coffee House and the Jamaica Wine Rooms near the Royal Exchange to discuss policy wordings and other matters of mutual interest. A proposal was made to establish a formal representative underwriting association in July 1882 and two years later the new ILU took up offices in the Royal Exchange Buildings.

LIRMA was formed in 1991 from the merger of previous insurance associations, established in the 1960s and 1970s, to support non-marine insurance business and reinsurance.

In 2019 the IUA celebrated 20 years of representing the London company market. More details, including a picture gallery of our anniversary event are available here.

 

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Sejarah
IUA dibentuk pada tanggal 31 Desember 1998, melalui penggabungan dari London International Insurance and Reinsurance Market Association (LIRMA) dan Institute of London Underwriters (ILU). Serikat pekerja ini menyatukan badan-badan perwakilan untuk sektor kelautan dan non-laut dari pasar asuransi perusahaan London.

Sejarah ILU di pasar asuransi kelautan, penerbangan dan transportasi dimulai pada tahun 1884. Anggota senior perusahaan asuransi kelautan, sejak tahun 1850-an, telah bertemu secara informal di Jerusalem Coffee House dan Jamaica Wine Rooms dekat Royal Exchange untuk membahas kata-kata kebijakan dan hal-hal lain yang menjadi kepentingan bersama.

Sebuah proposal dibuat untuk mendirikan asosiasi underwriter resmi pada bulan Juli 1882 dan dua tahun kemudian ILU baru mengambil kantor di Royal Exchange Buildings.

LIRMA dibentuk pada tahun 1991 dari penggabungan asosiasi asuransi sebelumnya, yang didirikan pada 1960-an dan 1970-an, untuk mendukung bisnis asuransi non-laut dan reasuransi.

Pada tahun 2019, IUA merayakan 20 tahun mewakili pasar perusahaan London.

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