Tokio Marine Global (TMG) has become the second company in recent weeks to join the International Underwriting Association (IUA).

Hirotoshi Murakami, the firm's chief executive, said: "There is now an enormous amount of work going on to support the growth and modernisation of the London market and the IUA is at the heart of this effort."

In May Arch Insurance (Europe) joined the IUA after the association launched a new business plan centred on streamlining London market business processes, helping companies meet compliance rules and technical support for underwriting and claims practitioners.

Tony Medniuk was re-appointed as IUA chairman at its July board meeting.

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