The Underwriting Agencies Council has a new board of directors.
At UAC’s annual general meeting (AGM) today (Thursday 14 December 2017), three current directors who have completed two-year terms were re-elected.
They are Lyndon Turner, CEO of NM Insurance Pty Ltd; Kurt Nilsen, Managing Director of Lion Underwriting; and Peter Fryer, Underwriting Governance Manager at XL Catlin.
Joining the board as a new director is Eric Lowenstein, CEO of Tego Insurance.
After the AGM, Mr Turner was re-elected as chair; Mr Nilsen as deputy chair; Mr Fryer as company secretary; and Ms Linda King, from Sterling Insurance, as treasurer.
Directors Heath Amber, from Millennium Underwriting; Ms King; Simon Lightbody, from Steadfast Agencies; and Emily Walker, from Axis Underwriting; were elected for two-year terms at the 2016 AGM, so were not required to stand for re-election.
Retiring director Rhys Mills, from Solution Underwriting, had decided not to stand for re-election.
Chair Lyndon Turner outlined UAC’s achievements during 2017, including:
- Hosting 15 educational morning seminars in Melbourne and Sydney with the assistance of GD Law and Wotton + Kearney
- Nine Underwriting Expos across Australia and New Zealand
- Claim Central sponsoring the pre-Expo members’ happy hour functions
- Being a major exhibitor at the annual NIBA Convention in Sydney in September
- Launching a sponsorship program for the flagship 2018 Sydney Underwriting Expo
- Continued sponsorship of the underwriting agency of the year award at the annual ANZIIF-Asia Insurance Review industry awards
- UAC’s advocacy role on members’ behalf, working closely with ASIC, APRA, ICA and NIBA
- Strategic underwriting partnerships with Lloyd’s and QBE
- Affiliations with the UK Managing General Agents’ Association and the American Association of Managing General Agents
- A partnership with Corporate Traveller, as UAC’s preferred travel supplier
- Working with Gratex International to compile the annual UAC CEO survey
- Continued investment in the UAC website, adding greater functionality for members and brokers
- Introducing the UAC-Gold Seal Human Resources Service Centre.
Mr Turner told the AGM underwriting agencies were a vital element of the insurance industry and UAC, as the agencies’ representative body, played a core role in promoting the sector and advocating on members’ behalf.
“In 2018 we will re-evaluate all programs and events to maximise the return on members’ funds and ensure a continued focus on the agency sector’s growth. Our strength lies in unity – together we can achieve important milestones for agencies,” he said.