Please be advised that this event has been postponed and we have re-scheduled for the 23 September 2020.

If you have any questions, please contact secretariat.

Don’t despair – IRLA are having to move events around but they will still be happening.

Our upcoming Crazy Golf evening at https://swingers.club/uk has had to be cancelled due to the current Covid-19 restrictions, but this very popular event will be back, later in the year.

Our grateful thanks to the guys at Swingers who have been so helpful and supportive in moving our event to an autumn date tba. In the meanwhile, look out for additional content and activities on the IRLA website, take care of yourselves, family and friends and we look forward to seeing you soon.

We are sad to announce the IRLA Members Wine Tasting evening, introduced by the Directors, which was to have taken place on 30 April at www.officespaceintown.com/venues-for-events  has had to be postponed due to the current Covid-19 restrictions. This new event – having as it does some of our board members presenting their own favourite wines – will take place at a new date, hopefully later this year.

Our grateful thanks to the guys at The Deck, Monument who have been both quick and professional in allowing us to move the event and we look forward to being able to enjoy the sights and sounds of the City from their rooftop space later in the year.

We have not yet cancelled the Annual Members Summer BBQ which is currently due to take place on July 2nd, pending developments in the fight against Covid-19; we will keep you updated. In the meanwhile, look out for additional content and activities on the IRLA website, take care of yourselves, family and friends.

The IRLA Board believe that an important principle of leadership is to set a positive example regarding fair and ethical behaviour, and that IRLA members will respond positively in their own behaviours based on what they see of the Board’s conduct. The Board pledge to treat all members with courtesy and ask the same in return. The Board also asks that members treat fellow members and Association/AMS staff with respect, without aggression, abuse or harassment.

Association Directors and Association/AMS staff have the right to perform their duties and to assist others without fear of being assaulted, threatened, verbally abused or discriminated against. Any actions, unintentional or otherwise, whether physical or verbal (including threatening or abusive language made in person, over the telephone or in written communication), which cause members, Directors or Association/AMS staff to feel threatened, uncomfortable or embarrassed are unacceptable and will not be tolerated.

A single incident can amount to harassment and will be treated seriously. Any reported act or threat of physical or verbal abuse, or discrimination will be reported to the member’s employer with details of the incident.

December 2019, Issue 2

David Scasbrook Named AIRROC Person of the Year for 2019

While media coverage tends to focus on structure and reserve quantum, talent is the cornerstone of a successful legacy business transfer, Stephen Roberts, Head of claims at RiverStone Europe.

IRLA takes on Legacy Committee with backing of membership

Opportunities ahead for expanding legacy market, but caution needed: IRLA

Reinsurance news

The new Insurance and Reinsurance Legacy Association (“IRLA”) Chairman, Stephen Roberts speaking on behalf of the Board, today announced that as the voice of legacy, and following a strategic review, the Association is forming a number of member focus groups. This is to ensure that the reputation and professionalism of its members and their views are foremost in its brand.

Steady as she goes! Discipline will be key as the legacy market enters a period of rapid change.

In this our 20^th anniversary year, IRLA members have been fundraising for MIND aiming for a target of £10,000.  We wanted to let you know that we have beaten the target and actually raised a total of £15,243 and we are still expecting a further £750.

The Insurance and Reinsurance Legacy Association (“IRLA”) today announced the winners of the IRLA Services to Legacy Award and the Young Professional Award. These industry awards were presented at the Annual Congress in The Grand Hotel, Brighton.

IRLA Congress delegates participate in iDrop from the BA i360
The Insurance and Reinsurance Legacy Association (“IRLA”) today announced in excess of £11,000 was raised as part of a fundraiser for mental health charity MIND at the IRLA Congress in Brighton. The annual gathering of IRLA members is taking place at the Brighton Grand Hotel on the 10 -12 of June, with over 300 delegates in attendance.

Simon Barnes, Chief Restructuring Officer and Chief Claims Officer – Zurich Legacy Solutions

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.

‘When opportunity doesn’t knock then build a door’

Mark Hallam – Head of R/I Asset & Liability Management | Managing Director | Property & Casualty Business Management – Swiss Re

‘Is there light at the end of the tunnel for run-0ff firms facing contract certainty?’

Baljit Goraya, Senior Managers and Stephen Arnold, Partner – PwC

Offer of the month – November

IRLA’s fourth blog is written by IRLA member Graham Oswald, Director at PwC LLP.

IFRS17 : Important considerations for the legacy market

IRLA announces re-election of Board members

£130 raised by Leslie-Ann Giovnilli

IRLA’s third blog is written by Leslie-Ann Giovnilli – Head of Academy

I recently watched a documentary on the suffragettes’ movement and became horrified once again at the escalation of events that arose in respect of a simple request for some form of equality

IRLA has signed the CEO Pledge – Inclusive Behaviours in Insurance

Please click the link for IRLA’s NEW Annual Report for 2017/18

By Rachel Gawler, ACMA CGMA Cert CII, IRLA Learning & Development Committee

Thank you to all who donated

Media release – Legacy market making changes

Insuring Women’s Futures – Securing the Financial Future of the next generation

IRLA’s second blog is written by Rachel Gawler, IRLA Learning & Development Ambassador. An IRLA panel for the first time talking about Diversity, would I be sitting here on my own? I was pleasantly surprised!

IRLA’s first blog by our Chairman, Paul Corver. As we embark on our 18th annual IRLA Congress, with it being the 6th held in Brighton, I am delighted to see more than 250 people registered for the event. Run-off has certainly turned a corner since the early days of IRLA (or Association of Run-Off Companies as it was then). Membership has climbed, and Congress attendance doubled since our first meeting in Brighton.

Paul Corver – AIRROC interview

Industry awards were presented for IRLA Services to Legacy and IRLA Legacy Young Professional at last night’s Annual Members’ Dinner at Ivory Vaults in London….