International Underwriting Association

Cyber Supply Chain Risks Highlighted by IUA and CyberCube Report

Retrieved on:

Wednesday, October 18, 2023

Supply Chain Management, Professional Services, Retail, Security, Data Analytics, Technology, Insurance, International Underwriting Association, Zurich Insurance Group, Risk management, Failure, Risk, International, Checklist, IUA

Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report published by the International Underwriting Association (IUA).

Key Points:

Supply chain risks have been identified as an increasingly important issue within the cyber insurance market in a new report published by the International Underwriting Association (IUA).
It offers a checklist of points to investigate when assessing an organisation’s cyber supply chain.
The report states that whilst companies are more and more reliant on digital support from third parties, supply chain perils have so far received far less attention than other major cyber threats like war risks.
Copies of ‘Supply Chain Risk in the Cyber Insurance Market’ can be freely downloaded from the IUA website at www.iua.co.uk/cyber .

ACORD Connect 2023 will bring together insurance industry thought leaders to discuss the latest developments in digital data exchange and global interconnectivity

Retrieved on:

Monday, September 25, 2023

Insurance, Matcham, International, IUA, AXA, EY, Lloyd's of London, DXC, Swiss Re, International Underwriting Association, DDEX, Digital, Metropolitan Cattle Market, Management, ACORD, Architecture

LONDON, Sept. 25, 2023 /PRNewswire/ -- ACORD, the standards-setting body for the global insurance industry, will hold its annual conference, ACORD Connect, on Thursday, October 19. Registration is open for the virtual conference, to be presented with this year's hosting member, the International Underwriting Association of London (IUA).

Key Points:

ACORD Connect offers sessions on the latest developments in digital data exchange and global connectivity, and provides valuable insights related to ACORD Standards and Architecture.
Attendees will hear from thought leaders and key influencers from across the global insurance industry, including representatives from Aon, AXA XL, DXC, EY, Lloyd's, and Swiss Re.
"This is an exciting time of progress towards global interoperability and data exchange in the London Market.
Please reserve your spot for the in-person ACORD Connect London event by Tuesday, October 10.

YSB Inc. Global Offering

Retrieved on:

Thursday, June 15, 2023

HONG KONG, June 15, 2023 - (ACN Newswire) - YSB Inc. (the "Company"; Stock code: 9885) announced the details of its global offering (the "Global Offering") and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Key Points:

HONG KONG, June 15, 2023 - (ACN Newswire) - YSB Inc. (the "Company"; Stock code: 9885) announced the details of its global offering (the "Global Offering") and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
Highlights of the Global Offering:
-- Number of Offer Shares under the Global Offering: 15,808,800 Shares (subject to the Over-allotment Option).
Assuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by us in connection with the Global Offering, and assuming an Offer Price of HK$21.00 per Share (being the mid-point of the Offer Price), the Company estimates that it will receive gross proceeds of approximately HK$332.0 million from the Global Offering, and net proceeds of approximately HK$253.6 million from the Global Offering.
The Cornerstone Placing will form part of the International Offering, and Cornerstone Investor will not acquire any Offer Shares under the Global Offering (other than pursuant to the Cornerstone Investment Agreement).

New Appointments for DXC Executives at London Market Joint Ventures

Retrieved on:

Thursday, June 15, 2023

Joint Ventures, Insurance, International, IUA, XIS, Software, Lloyd's of London, DXC Technology, DXC, Delta Lloyd Group, Joint venture, International joint venture, Growth, International Underwriting Association, BPS, Financial services, Management

LONDON, June 15, 2023 /CNW/ - DXC Technology, a leading Fortune 500 global technology services company, has announced new roles for two of its senior executives at the London Market Joint Ventures, in association with Lloyd's and the International Underwriting Association (IUA).

Key Points:

LONDON, June 15, 2023 /CNW/ - DXC Technology, a leading Fortune 500 global technology services company, has announced new roles for two of its senior executives at the London Market Joint Ventures, in association with Lloyd's and the International Underwriting Association (IUA).
Chris Halbard, who was previously President of DXC's business in the EMEA region, will assume the role of Chief Executive Officer to the London Market Joint Ventures.
In this position, he will provide the leadership required for the next chapter of the Joint Ventures' growth and development.
Ray August, President & Global Lead, DXC Insurance Software and Business Process Services, will join the board of the London Market Joint Ventures.

DXC Technology Completes Major Data Center Migration for the London Insurance Market

Retrieved on:

Thursday, May 4, 2023

LONDON, May 4, 2023 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, working closely with the London Market Joint Ventures (XIS and XCS), has successfully completed a major data center migration, a key milestone in the multi-year transformation of the world's largest insurance market.

Key Points:

70 billion rows of data, 700 IT assets, and over 200 business applications successfully moved in one of world's most ambitious data center migrations
Supports transformation to a better, faster and cheaper London insurance marketplace
LONDON, May 4, 2023 /PRNewswire/ -- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, working closely with the London Market Joint Ventures (XIS and XCS), has successfully completed a major data center migration, a key milestone in the multi-year transformation of the world's largest insurance market.
This major undertaking required critical input and coordination from several major organizations in the insurance world including Lloyd's of London, the International Underwriting Association (IUA), the Lloyd's Market Association (LMA) and the London & International Insurance Brokers Association (LIIBA).
As the world's largest insurance center, the London insurance market represents 7.6% of the global commercial (re)insurance market, employs 47,000 people across the UK, and makes up almost a quarter of the City of London's GDP.
"The scale of this data migration is extraordinary and has required intensive collaboration between DXC, the Joint Ventures, and the companies of the London insurance market," said Louise Day, Director of Operations, International Underwriting Association.

DXC Technology Announces Lockton UK as First Customer to Use New DXC Assure Broking Solution

Retrieved on:

Monday, December 12, 2022

LONDON, Dec. 12, 2022 /PRNewswire/ -- DXC Technology (NYSE: DXC) has unveiled its new global digital broking platform, DXC Assure Broking, with an early adopter, Lockton, the world's largest independent insurance brokerage. Lockton is using DXC's cloud-based platform for its UK retail business with a view to expanding across other geographies and sectors.

Key Points:

LONDON, Dec. 12, 2022 /PRNewswire/ -- DXC Technology (NYSE: DXC) has unveiled its new global digital broking platform, DXC Assure Broking , with an early adopter, Lockton , the world's largest independent insurance brokerage.
Running on Amazon Web Services (AWS), DXC Assure Broking is an integrated, modular solution for commercial insurance brokers built on the DXC Assure Digital Platform.
DXC Assure Broking supports Blueprint Two digital services as part of the core solution to transform the London insurance market.
"Lockton chose DXC Assure Broking as its long-term strategic solution with the potential for it to be adopted more widely across the Lockton business," said Simon Coleman, Lockton International COO.

DXC Technology, Lloyd's and IUA Extend Contract to Support Transformation of London Insurance Market

Retrieved on:

Thursday, May 26, 2022

LONDON, May 26, 2022 /PRNewswire/ -- The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.

Key Points:

LONDON, May 26, 2022 /PRNewswire/ -- The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.
"This agreement will enable us to support the delivery of the new digital processing services to London insurance market companies safeguarding their transformation journey."
The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.
The IUA's London Company Market Statistics Report shows that overall premium income for the company market in 2020 was 33.138bn.

DXC Technology, Lloyd's and IUA Extend Contract to Support Transformation of London Insurance Market

Retrieved on:

Thursday, May 26, 2022

LONDON, May 26, 2022 /PRNewswire/ - The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.

Key Points:

LONDON, May 26, 2022 /PRNewswire/ - The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.
The work is being done in support of the Future at Lloyd's initiative and in conjunction with brokers, managing agents, syndicates, and insurers of the London insurance marketplace.
"This agreement will enable us to support the delivery of the new digital processing services to London insurance market companies safeguarding their transformation journey."
The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.

DXC Technology, Lloyd's and IUA Extend Contract to Support Transformation of London Insurance Market

Retrieved on:

Thursday, May 26, 2022

LONDON, May 26, 2022 /PRNewswire/ - The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.

Key Points:

LONDON, May 26, 2022 /PRNewswire/ - The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.
The work is being done in support of the Future at Lloyd's initiative and in conjunction with brokers, managing agents, syndicates, and insurers of the London insurance marketplace.
"This agreement will enable us to support the delivery of the new digital processing services to London insurance market companies safeguarding their transformation journey."
The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.

DXC Technology, Lloyd's and IUA Extend Contract to Support Transformation of London Insurance Market

Retrieved on:

Thursday, May 26, 2022

LONDON, May 26, 2022 /PRNewswire/ -- The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.

Key Points:

LONDON, May 26, 2022 /PRNewswire/ -- The Shareholders of the London Market Joint Venture (XIS and XCS) - DXC Technology (NYSE: DXC), Lloyd's and the International Underwriting Association (IUA), have announced a $465 million USD contract extension to ensure seamless continuity for the activities of London insurance market customers whilst DXC moves forward with the transformation of the market's IT systems.
"This agreement will enable us to support the delivery of the new digital processing services to London insurance market companies safeguarding their transformation journey."
The International Underwriting Association of London (IUA) is the representative body for companies in London providing international and wholesale insurance and reinsurance coverage.
The IUA's London Company Market Statistics Report shows that overall premium income for the company market in 2020 was 33.138bn.