The Dublin International Insurance and Management Association (DIMA) will merge with Insurance Ireland in 2017.
The merger will bring together the domestic and international insurance and reinsurance sectors in Ireland, with the merged organisation representing more than 140 insurers, reinsurers and captives.
Kevin Thompson, CEO of Insurance Ireland, stated: “There is a compelling rationale for the merger of Insurance Ireland and DIMA to realise benefits for our combined memberships and the economy.”
“The merged organisation’s agenda will be reflective of the scale of the industry in Ireland and the opportunity it presents for future growth.”
Eddy Van Cutsem, interim CEO of DIMA, added: “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 reinsurance and 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.”