President’s Message

2022 is off to a great start with the first batch of webinars completed and a whole lot more coming along for the remainder of the year.  Many of us participated in the 2022 Conference that was held jointly with Demotech, Inc. over April 25-27 at the Marriott Harbor Beach Hotel in Fort Lauderdale, Florida.  The conference theme was “Business As Usual – Or Not?” and the attendees were able to enjoy a large number of specialty property and casualty breakout sessions along with our general sessions.  This year our trademark Executive Panels focused on Executive Leadership, Today’s Reinsurance Market and a highly topical Current State of the Florida Marketplace panel that was led by Joseph Petrelli, Demotech’s  President & Co-Founder.  All sessions were excellent and in the program evaluations scored at the highest possible level in all categories.  What an achievement and our thanks to all who organized and participated as faculty!   Our Sponsorship support was at the highest level ever and so many thanks to all for their great contributions.  In case you were wondering, planning has already started for 2023 so watch the website for details as the program, dates, and location are worked on.

2021 saw our largest attendance ever at our Education events  – all virtual of course – and we hope to transition back to some in-person events in the Fall of 2022.  The webinars have been highly popular and in addition to highly topical and relevant subjects there are a number of individuals participating in our novel ‘Reinsurance Basic Syllabus” program which leads to a certificate of achievement following the completion of 10 of the events. At the end of 2022 we will have completed our first 2-year syllabus cycle.

Our Scholars program is back in full force in 2022 and will feature the popular Essay Award program and a total of $14,750 has been contributed by IRUA members as an add-on to the membership dues. The Essay program was expanded in 2021 to include those new to the industry so it can provide financial assistance as well as tremendous networking exposure for those individuals who are considering, or have started, a career in insurance/reinsurance. The importance of bringing young professionals into our industry cannot be overstated as well as encouraging the interest and training of new and recent hires at member companies, too. The committee is working on several new initiatives to bring a mentoring opportunity into several well -known college campuses, primarily with risk and insurance programs.

Historically, the IRUA has focused its initiatives on the Reinsurance Intermediary and Reinsurer segments of our industry. By expanding the IRUA membership to other segments within the insurance/reinsurance segment to include Insurance Carriers, Managing General Agents/Underwriters, and Third-Party Administrators, we can increase the educational, knowledge and networking offerings our member partners will ultimately benefit from. The 2022 Conference link-up with Demotech has greatly assisted in that outreach.

In closing, we would like to thank our current member partners for their continued support of the IRUA and help drive the creation of quality educational programs and networking opportunities the IRUA is known for. For more information and additional details on all of the IRUA offerings, please explore our website or feel free to contact myself, Jerry Wallis or Maria Sclafani.

Laura Herubin
IRUA President, Vice President Underwriting – North America