Wellington Re has joined the International Underwriting Association (IUA) and the association did not rule out further high profile sign-ups.
The IUA board elected the recently launched London Market reinsurer as an ordinary member just before the IUA's Annual General Meeting on Wednesday (26 June).
Wellington Re chief executive Chris O'Kane said he wanted to work with the IUA to promote the London Market, while IUA chairman Stephen Cane welcomed the reinsurer's presence as good news for the market.
At the AGM the IUA voted to open the association's ordinary membership category to international companies.
Cane would not reveal which companies had expressed a desire to join, but confirmed the move had been in response to requests from potential members.
"The companies that underwrite in the London Market are more global than anywhere else and we want to respond to that," he said.
