London market reform is making progress, says IUA chairman

Efforts to reform the London market are now beginning to be recognised by international clients, said International Underwriting Association (IUA) chairman Stephen Cane.

Speaking in advance of the association's AGM, Cane said the business process improvements were vital to maintaining London's position as a leading international insurance centre.

“The IUA has long supported market reform projects and it is good to see that these are starting to pay dividends in improving our reputation for efficient policy issuance and claims payment,” said Cane.

IUA chief executive Marie-Louise Rossi, a member of the London Market Principles Market Reform Group Executive Committee, will present a market reform update at the IUA AGM, held at the London Underwriting Centre on 25 June.