Founded in 1967, the IRUA today has over 30 Regular member companies engaged in the assumption, placement or purchase of property/casualty treaty reinsurance. This number is misleading as corporate membership benefits extend to all members of a Group, such as Fairfax or Munich Re. In 1993, the IRUA expanded its membership from solely reinsurance underwriters to include reinsurance intermediaries. In 2002, the IRUA expanded its membership further to include ceding company reinsurance departments. In April 2017, the membership criteria extended to include Individuals not employed by or affiliated with an organization otherwise eligible for Regular membership and it is anticipated that this will be of interest to consultants, attorneys, academics, accountants, arbitrators and other professionals. Also, for smaller entities, both risk-bearing and intermediaries a 50% discount of Regular membership is available. While all IRUA members primarily operate in the U.S. reinsurance market, we now have members from the London, Europe and Bermuda markets as well.
The IRUA is a not-for-profit 501c(6) corporation, organized for the purposes of reinsurance education, networking and research and the dissemination of information relevant to the reinsurance industry. The IRUA does not speak on behalf of its membership on industry issues nor does it engage in lobbying.
Each Spring the IRUA holds an Annual Conference for its members during which the Annual Meeting of Members takes place and where officers and directors in nomination are voted in. In addition, a variety of seminars and workshops covering claims and/or underwriting and/or career enhancing topics are held throughout the year and are open to members and non-members. Every two years the unique Next Generation Reinsurance Leadership seminar is held in New York City. Experienced reinsurance and financial industry professionals shared their life and career experiences with an enthusiastic group of younger professionals who will be the future leaders of the reinsurance industry. The next seminar is scheduled for 2018.
The full list of conferences and educational seminars and workshops may be found under the “Events” drop down tab.
All IRUA meetings and events are conducted in accordance with the IRUA’s Anti-Trust Policy, which may be accessed at the foot of the homepage.