Media Release 15 December 2022

IUA ANNOUNCES NEW CHAIR

Phil Hobbs, President and Managing Director of Liberty Specialty Markets, has been elected as the new Chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, Head of Commercial Insurance at Zurich UK, who is retiring.

Mr Hobbs has been a member of the IUA Board since March 2019 and was previously a Deputy Chair of the association. His election took place at a meeting of the IUA Board on 14 December and he will formally assume the role of IUA Chair from Mr Kuchinski on 1 January 2023.

Dave Matcham, Chief Executive of the IUA, said “Our Board is responsible for setting the overall strategy of our organisation and is made up of senior leaders from across the company market. It has been led with great effectiveness by Mr Kuchinski for the past two years – a period that has seen overall IUA membership grow to record levels. I would like to thank him for his dedicated support and wish him well in his retirement.

“Phil Hobbs is well placed to take on the role of Chair, He is already a respected contributor to Board discussions and a well-regarded leader in our market. In early January we will be publishing the IUA’s business plan for the year ahead. I look forward to working with him as we deliver the member services promised in this document and support the development of new digital services for the company market.

Mr Hobbs said: “The IUA performs a vital function for our industry, advocating with authority on technical underwriting and claims matters for specialty lines. I am pleased to be leading the association as it continues working towards its mission to secure an optimal trading environment for London insurance and reinsurance companies.”

Ends

Contact:
Scott Farley, Director of Communications
International Underwriting Association
Tel: 0207 617 4449
Mobile: 07876 758 637
E-mail: scott.farley@iua.co.uk

Notes to Editors:
About the IUA
The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage. Its mission statement is to secure an optimal trading environment for London insurance companies. The IUA’s London Company Market Statistics Report shows that overall premium income for the company market in 2020 was £33.138bn. Gross premium written in London totalled £27.976bn, whilst a further £5.162bn was identified as written in other locations but overseen by London operations.