The International Underwriting Association (IUA) has elected Malcolm Newman as its new chairman. Newman is managing director of SCOR’s London Hub.
Newman’s predecessor, Stephen Riley, is departing from the IUA after seven years leading of the association.
The IUA elected Newman at the association’s annual general meeting at the London Underwriting Centre on 26 June. He has been a member of the IUA board for four years.
In a recent statement, Newman explained how the IUA plays a vital role in representing the interested of the London company market.
He said: “In recent years [the IUA] has facilitated major improvements in business processing and argued forcefully on the international stage to help open up opportunities in international markets for its members. On a day-to-day basis it also provides essential support for the underwriting and claims operations of its members.”
“I am keen to build on these successes and utilise the association’s communal voice to further promote and enhance the business environment for reinsurance companies operating in London.”
Speaking of his departure, Riley said: “In my seven years as chairman I believe the IUA has achieved an enormous amount on behalf of the London company market and it has now established a secure financial position through its investment in Xchanging Ins-sure Services.”
“It has been a privilege to hold this post and I am very grateful for the support of all my fellow board members and the professionalism of the IUA staff led by chief executive Dave Matcham.”
