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.