IRLA is the UK market body for insurance and reinsurance legacy management professionals. IRLA is recognised as the voice of the legacy management sector by a wide range of government and market bodies including the UK Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), the Financial Services Compensation Scheme (FSCS); the Department of Work and Pensions (DWP) as well as the Employers Liability Tracing Office (ELTO). IRLA is also affiliated with several other market associations all the while working with these others to increase benefits to members.
IRLA activities range from industry consultation with government to promotion of the sector’s skills and expertise. In particular, the IRLA Academy provides top quality, competitively priced, training.
Can register for benefits an unlimited number of employees
Once registered employees can –
Can register up to 9 staff for the following –
For sole traders or individuals operating as consultants
These will be considered on an individual basis by the Board.
Please call Leslie-Ann Giovnilli 0203 026 3336 or email email@example.com for more information.
The Secretariat and Events service is provided by AMS (Outsourcing) Services Ltd www.amsoutsourcing.co.uk.
Secretariat source the news for the website, the e-circulars and the newsletters. Please send anything that you would wish us to include via any of the following routes. A pdf version is the preferred option for any item included on the website.
The office is manned Monday - Thursday, 08.00 until 16.00 during July-August, with other months of the year 08:00 – 18:00, and closed for two weeks at Xmas and you can be in direct contact with a team member via any of the following methods:
Telephone: +44 (0) 203 026 3336
Membership & events: firstname.lastname@example.org
Training & sponsorship: email@example.com
General enquiries: Dawn Rutherford firstname.lastname@example.org
Financial enquiries: Colin Stewart email@example.com
We are also using Zoom and Teams
“IRLA is the primary Legacy Association, globally. The membership benefit from extensive Market networking opportunities and educational events all aimed at expanding the dialogue around key Legacy issues, whilst also engaging with the Live Market to prepare the membership for future opportunities and challenges. Board members represent all areas of the (Re)Insurance industry, including Legacy and Live companies, ensuring there is energy within the Association both for the current activities and planning for the future. Each Board member must also participate on at least one IRLA Committee, such as the Education or Events Committee, being responsible for fulfilling the obligation to the membership for training and networking. Congress is the highlight of the year whereby the membership come together over 2 days for education, Market issue sharing and to create a dialogue around current and future Legacy matters.
IRLA should be a key part of the toolkit for anyone working in the (Re)Insurance Legacy environment.”
Mark Hallam, Managing Director, Swiss Re
For many years I did not see the value of having corporate membership as the Company was very active in pursuing its own course and we always believed we could influence the market alone, due to the size and participation in the North American legacy space. After seeing all the exceptional work Paul Corver, as Chairman, and the Board, which by then was populated by more liability carriers, were undertaking to make sure the run off and legacy sector had a strong voice on on-going matters and in particular shaping the emerging losses here in the United Kingdom, we decided to re-join the organisation and add our own voice to shaping the way the market place responded. It was our belief that unity was a far stronger weapon, than trying to get our single voice heard. Prior to my departure I was proud of our continued and expanding involvement with IRLA, whereby our knowledge and experience was being recognised and employed.
After setting up my own consultancy in November 2018 offering specialised services to the London Market and in particular the legacy and run off sector, it was a natural progression to join IRLA as a sole trader. With access to risk carriers, capital providers, lawyers and consultants all whom are involved in the run off and legacy sector’s has increased my pool of potential clients. Being a member also gives me access to briefings on either emerging new losses or legacy matters, which helps increase my knowledge base. As a member these are free to attend which is a huge advantage rather than having to pay to attend other providers courses. Networking opportunities also exist during the year, this gives me access to other members in a more informal and relaxed setting, which enables ideas to be exchanged, and opportunities created. The training academy is another major consideration as I consider this is key to training the leaders of the future and ensuring that the loss of market knowledge and experiences are not lost forever, and the problems of the past rear their head again. I believe the sole trader membership fee is good value for money and having IRLA on your CV shows your professionalism in the legacy market place.
David Rooney, David S Rooney Consulting
The Continental Europe legacy market has still to deploy its potential. Yet Covid-19 implications, as well as regulatory requirements will accelerate adoption of capital and cost optimization strategies.
Today, legacy solutions should go beyond being a capital management instrument: they support the transformation journey of insurers towards a new, efficient, digital and growth driven, not legacy burdened, operational model.
Facing a volume of EUR >500bn in 2025, legacy represents a great industry to work for and IRLA a mandatory place for insurers, advisors, intermediaries and investors to shape the change.
Arndt Gossmann, CEO and Managing Shareholder, Gossmann & Cie. Group