The Dublin International Insurance & Management Association (DIMA) has announced a merger with Insurance Ireland in January 2017.
In a statement, DIMA said the merged organisation aims to support the industry in “achieving its full potential” by delivering critical benefits for insurers and reinsurers “through enhanced representation, by leveraging synergies, and by delivering operational efficiencies.”
It also aims to tell the global marketplace that “Ireland’s strong re/insurance sector is the location of choice for insurance and reinsurance operations.”
The expanded membership association will unify over 140 insurers, reinsurers, and captives under its’ umbrella in a major industry that employs roughly 28,000 people and provides vital services for economic activity locally and abroad, DIMA said in a statement.
Kevin Thompson, CEO of Insurance Ireland, commented on the merger: “Both Insurance Ireland and DIMA have proud traditions of representation and this merger will harness our respective expertise, knowledge, and networks to allow insurers and reinsurers in Ireland to speak with one voice. The merged organisation’s agenda will be reflective of the scale of the industry in Ireland and the opportunity it presents for future growth.”
“Through achieving synergies in representation in Ireland and Europe, as well as operationally combining member services and events, this merger will harness the abilities and aspirations of two very driven organisations in common cause,” Thompson added.
Eddy Van Cutsem, interim CEO of DIMA, said: “It is important that we respond to our members’ requirements as they adapt their businesses to a changing world. In this new merged association we offer strength and depth across all dimensions of re/insurance.
“Ireland has developed into one of the few truly international re/insurance centres by becoming a home to both generalists and specialists: this diversity of business gives Ireland its unique flavour as an international centre for risk business.”
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