International Underwriting Association of London’s Post

Media Release 25 July 2024 IUA data shows company market premium up 10% Aggregate total combined with Lloyd's market breaks £100bn barrier for first time Overall premium income for the London company market increased by approximately 10% in 2023, according to new data published by the International Underwriting Association (IUA). A total of £48.432bn was earned during the year by firms in the City. This comprised £42.995bn underwritten in London, plus a further £5.437bn of ‘controlled business’, written in other locations, but overseen and managed by London operations. The figures are published in the latest edition of the IUA’s London Company Market Statistics Report. Read the full media release at the IUA website: https://buff.ly/3TvmOsV

Happy International Labour Day to all! __________________________________________ @newtonprop __________________________________________ Visit Our website www.newton-properties.com __________________________________________

Why are Personal Guarantees under scrutiny? 🤔 Following a recent super-complaint made by the Federation of Small Businesses (FSB) to the Financial Conduct Authority, Personal Guarantees have become the subject of much scrutiny by the regulator in recent months. Writing in the latest edition of the Commercial Broker magazine, NACFB managing director, Norman Chambers, considers the merits of the complaint and its subsequent FCA investigation, and the hidden impacts they have on SMEs. Read the full article here: https://lnkd.in/e8heSC5s #NACFB #CommercialBroker #Magazine #PersonalGuarantees #SMEs

Interesting article for both brokers and business owners #cashflow #compliancee

The FMA Brokerage Survey Results 2024 are out! 📊 Stay informed, stay ahead! #FMA #BrokerageSurvey2024

A seismic year for the motor finance community? 🚘 The year began with a significant development as the Financial Conduct Authority (FCA) announced increased scrutiny of the intermediary-led lending sector, focusing particularly on historical motor finance discretionary commission arrangements (DCAs). In the latest edition of Commercial Broker magazine, NACFB head of compliance, James Hinch (AICA) Adv.Cert (Comp), says that whilst a thorough understanding of the sector’s intricacies and its transactional efficiency is crucial, there is growing concern among industry professionals that if the FCA's findings are based on misconceptions about the sector, the resulting regulatory measures – though well-intentioned – could be overly punitive. Read the full article here: https://lnkd.in/epsZP6C3 #NACFB #CommercialBroker #Magazine #MotorFinance

#Morocco has seen quite a bit of change in the reinsurance segment over the past 12 months. To get a better understanding of the nuances of the market, we spoke to African Reinsurance Corporation’s Mr. Mohamed Larbi Nali. ✍️ Article written by: Paul McNamara #Reinsurance #Inflation #NatCAT #Insuranceclaims #Claims

Australian broking group AUB Group Limited has entered into an agreement to buy 70% of specialty underwriting agency Pacific Indemnity Underwriting Solutions Pty Ltd for up to AU$140 million (US$93.4 million), as it seeks to bolster its financial lines and specialty agency capabilities. https://lnkd.in/gC7vngFS The price tag values Pacific Indemnity at an enterprise value (EV) of AU$192 million, or 13 times FY 2023 earnings before interests and taxes (EBIT), according to a filing to the ASX (Australian Securities Exchange). If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn Follow our LinkedIn page for more P&C news stories in Asia Pacific: https://lnkd.in/eMNDZYig #brokers #MGA #financiallines #mergersandacquisitions #specialty #Australia

Why is access to finance a significant obstacle for 15% of small businesses in the UK? 💰🇬🇧 In the latest edition of the NACFB’s Commercial Broker magazine, Theodora Hadjimichael, chief executive at Responsible Finance, sheds light on the challenges faced in accessing finance by four specific groups of businesses and shares why 700,000 SMEs cite access to finance as a major barrier to growth. You can read the full article, including how brokers can support SMEs to overcome the barriers here > https://lnkd.in/e3-wJPjD #NACFB #CommercialBroker #Magazine #SMEs

As natural catastrophic events continue to rise in the MENA region, the traditional reinsurance market is evolving to adapt. In an exclusive interview with Middle East Insurance Review, RB Ventures Founder & J.B.BODA Group Managing Director, Mr. Rohit Boda, discusses the growing role of Insurance-Linked Securities (ILS) in expanding reinsurance capacity and managing risk in this dynamic environment. “The increasing incidence of Nat CAT events compels a shift toward capital market risk transfer to hedge against rising reinsurance pricing,” Mr. Rohit Boda. He also emphasized that alternative capital through ILS could offer significant diversification benefits to global investors, particularly in a region like MENA where risk profiles differ from western markets. To learn more about how ILS is shaping the future of reinsurance in MENA, read the full interview. #JBBoda #RBVentures #LeadershipSpeak #Insurance #Reinsurance #ILS #MENA #RiskManagement #CatastropheRisk