General Insurance Article - LMA to share support of cross-market aviation group with IUA


 The Lloyd’s Market Association (LMA) is to share the running of a cross-market aviation committee with the International Underwriting Association (IUA).

 From 1 January 2013, the secretariat for the Aviation Insurance Clauses Group (AICG) will be supplied by the IUA following the retirement of the LMA’s senior aviation specialist John Gurtenne. The LMA has provided the AICG’s secretariat since the group’s formation in 2005.

 The AICG is composed of six representatives of LMA, six representatives of IUA and a number of independent members from various European insurers. It is currently chaired by Graham Lilley a retired aviation underwriter who previously worked at Global Aerospace.

 Neil Smith, Head of Underwriting at the LMA commented:

 "The AICG was established in the aftermath of 9/11 as part of the London aviation market's work alongside the European Commission Competition Directorate. Since that time it has become an integral part of the aviation market's activities in terms of clause production. This is in no small part down to John's excellent work in co-ordinating the AICG's activities."

 The LMA will remain involved in supporting the AICG as it will continue to host the AICG website (www.aicg.co.uk) which provides open access to information about the ongoing work of the committee, including wordings which are undergoing consultation and those which have been published.

 Since it formation AICG has published over 30 aviation wordings and clauses. The group’s role is to establish non-binding standard wordings, clauses and variants for use in aviation insurance policies.
  

Back to Index


Similar News to this Story

Sleighing the risks by giving Santa the insurance he needs
While you might be the most magical employer in the world, we know that even you aren’t immune to the risks of running a global delivery service! From
Diversity improving in insurance and long term savings
Key figures from the Association of British Insurers’ latest Diversity, Equity and Inclusion (DEI) data collection highlight the work of insurers and
Almost a third of homeowners have been victims of burglaries
Research commissioned by Co-op Insurance reveals that almost one in three (29%) homeowners have been the victims of theft from their home. The member-

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.