iua - international underwriting association
The International Underwriting Association of London (IUA) is the representative
body for companies in London providing international and wholesale insurance and
reinsurance coverage. Mission Statement To secure an optimal trading environment
for London insurance companies. 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.
