The International Underwriting Association (IUA) has announced the appointment of three executives to its board, reinforcing its leadership at a pivotal time for the London insurance market.
Charlotte Lach, chief operating officer of AIG UK and Global Specialty; Nick Hobbs, chief distribution officer of Allianz Commercial; and Stav Tsielepis, group chief actuary of International General Insurance, have joined the board. A news release highlighted that their appointments underscore the IUA’s aim to strengthen its role in representing insurers and reinsurers operating in London’s international and wholesale markets.
The announcement comes as the industry navigates complex global risks, including heightened geopolitical tensions, inflationary pressures, and a tightening regulatory environment.
In a related development, Chris Jones, who was recently appointed chief executive of the IUA, has also been confirmed as a board member. He will formally assume his new role on May 1, 2025, succeeding Dave Matcham.
These leadership changes occur as the IUA continues to advocate on key industry issues.
In October, the International Underwriting Association (IUA) and Lloyd’s Market Association (LMA) launched two online job simulations to attract early-career talent into claims roles, highlighting their intent to embrace new technology to support career development in the industry. Developed in partnership with Forage, the initiative offers students immersive experiences and connects them to broader career resources. It aims to raise awareness, develop skills, and address talent pipeline challenges identified in industry research.
In March, the IUA backed the Financial Conduct Authority’s decision to retain confidentiality rules around regulatory investigations. It had opposed a proposal to lower the threshold for disclosing ongoing investigations, warning of the potential impact on reputations and directors’ and officers’ insurance. The association argued that premature disclosures could unjustly damage firms later found compliant, and welcomed the FCA’s move to preserve due process and market stability.
Recently, the association participated in discussions surrounding the UK government’s proposals for Solvency UK reforms, intended to streamline insurance regulation post-Brexit. The IUA has voiced support for a regulatory framework that fosters innovation while maintaining prudential standards.
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