Catlin joins IUA

Lloyd's insurer Catlin UK has joined the International Underwriting Association.

The IUA said Catlin would benefit from its London company market focus on issues such as process reform and compliance.

Catlin UK is a subsidiary of Catlin Group Limited which also owns the Catlin Syndicate, the largest syndicate at Lloyd's in terms of premium capacity. But its company market interests mean there is a need for specific non-Lloyd’s information and discussions provided by the IUA.

Dave Matcham, chief executive of the IUA said: “Catlin is a major presence, both at Lloyd’s and in the wider company market and the needs and objectives of these two sectors are often closely aligned.

“But there are also many situations where the company market has different priorities and requirements. For example, when it came to developing electronic claims files, the Lloyd’s market started from scratch while companies were looking to build on a legacy facility that had served us well, but been in use for 20 years.

“I am sure the expertise of Catlin staff will greatly strengthen our association and I am delighted to welcome them into the IUA community.”

David Ibeson, chief executive of Catlin UK said: “IUA membership will expand Catlin UK’s analysis of developments specific to the London company market and will provide us with underwriting and compliance information relevant to our business.”

Other recent companies to join the IUA include Torus Insurance, Lancashire Insurance, Arch Europe and Tokio Marine Global.

The IUA currently has 40 Ordinary members making up the vast majority of international insurance and reinsurance companies operating in or through London. It also has 19 Associate members and 5 Affiliate members.