The SRA and the International Underwriting Association of London (IUA) today announced an affiliation partnership that will enable both organisations to better serve their common membership.
The relationship will enable a broader range of services for its member companies with offices in both underwriting hubs. Together the IUA and SRA will cooperate to provide enhanced research facilities, improved statistical data and responses to regulatory developments affecting their respective international (re)insurance markets.
In addition, the partnership will enable Singapore companies to tap into ongoing developments on the London Market’s market modernisation initiatives.
Explaining the rationale for the tie-up, SRA Chairman, Thomas Lillelund, said “Given its global nature, reinsurers are affected by events and developments that occur anywhere in the world regardless of where their operations may be domiciled. Moreover, as both our associations share many commonalities – in terms of objectives, focus areas and membership slate – we believe this affiliation partnership will greatly benefit all our members in better enabling them to serve their clients in this highly interconnected world.”
Download a copy of the press release at http://www.sg-reinsurers.org.sg/sra-press-releases.