International Underwriting Association appoints Chris Jones as new chief executive
The International Underwriting Association (IUA), an influential body representing companies within the London insurance sector, has announced the appointment of Chris Jones as its new Chief Executive, effective from May 1, 2025. This change comes as the current CEO, Dave Matcham, prepares to retire after a notable career spanning 45 years in the London market, of which he has devoted the last 20 years to leading the IUA.
The decision was confirmed by the IUA Board, reflecting a strategic continuation of leadership within the organisation. Claire McDonald, Chair of the IUA and CEO of SCOR Business Solutions, expressed gratitude for Matcham's extensive service. “On behalf of the board and the members represented by the IUA, we would like to extend our thanks to Dave for his many years of exceptional service to the London market and his commitment through this transitional phase,” she stated. McDonald added that Jones is well-known to the Board and emphasized the value he has brought to members during his tenure.
Jones has been part of the IUA since October 2000, currently serving as the Director of Legal, Underwriting and Claims, where he oversees over 40 committees within the London market operated by the association. His experience includes assisting member companies in navigating regulatory and legislative requirements, further underscoring his familiarity with the challenges and opportunities facing the sector. Jones is also a qualified company secretary, enhancing his qualifications for the new role.
In a statement regarding his forthcoming leadership position, Jones expressed his pride in succeeding Matcham at what he described as "a pivotal time in our history." He highlighted the IUA's membership levels, which are at record highs, and praised the committee's strong secretariat team. “I look forward to working closely with our member companies and ensuring the association can develop and respond to future challenges facing the London company market,” Jones said.
Matcham's departure marks the end of an era for the IUA. He began his career in 1980 with the Institute of London Underwriters, which eventually merged with another major market association to form the current IUA. His leadership has been characterized by adaptation to the evolving insurance landscape, with the IUA adjusting strategies to assist members in meeting new challenges. Reflecting on his journey, Matcham remarked, “It has been a privilege to lead the IUA for the past 20 years and I have been fortunate to work with many exceptional and inspiring people across the London market.” He intends to continue contributing to the industry, as he will maintain his positions on the boards of Velonetic and Placing Platform Limited (PPL) for a time following his retirement.
Under Matcham's guidance, the IUA has grown in prominence within the insurance sector, representing 79 member companies. According to the IUA's London Company Market Statistics Report, the overall premium income for its members in 2023 reached £48.432 billion, which includes £42.995 billion of gross premium written in London and an additional £5.437 billion written elsewhere but managed by London operations.
The transition to a new leadership era at the IUA is anticipated to build upon these successes, with heightened member engagement and focused strategies for navigating future uncertainties in the market environment.