IUA Circular 062/26
The IUA Clauses Committee
presents a Policy Wordings Masterclass:
Delegated Authorities Decoded: Passing the Pen
with guest speakers:
Sara Simon, Vice President Product Counsel, Sompo,
Michael Allan, Head of wordings, Convex
Helen White
Head of Contracts, Acrisure Re,
Dawn Johnstone, Head of Delegated Authority Business, Allianz
This event will be in-person only.
Date: Wednesday 08 July 2026
Time: Registration at 08.30am, Session to commence at 09.00am for 90 mins
Venue: Ludgate Room, Cavendish Conference Centre, One America Square, 17 Crosswall, London EC3
Subject: This IUA in-person session will provide an overview of Delegated Authority. Focusing on an introduction and ensuring a baseline of understanding, regulatory considerations and key parameters of a binding authority and highlighting the importance of aligning wordings with delegated authority frameworks and lessons learnt.
Where does authority begin and end in delegated arrangements? How clearly are roles, responsibilities and decision-making powers expressed in policy wordings? What does good drafting look like when structuring delegated authority business?
For budding underwriting, claims and broking practitioners, it is important to understand one of the fundamental (but often lesser discussed) insurance structures: delegated authority.
This will be the second session of our IUA Policy Wordings Masterclass series in 2026, hosted by the IUA’s Clauses Committee. We will explore key drafting considerations for binding authorities and coverholder arrangements, including how authority is defined, how responsibilities are allocated, and how wordings can be structured to avoid ambiguity.
Importantly, we will focus on the practical implications for day-to-day roles, considering how clearer drafting can support more effective oversight, reduce the risk of disputes, and ensure alignment between insurers, coverholders and brokers.
The IUA’s Clauses Committee is comprised of over 50 wordings experts from IUA member companies and broking firms. The group is responsible for publishing all clauses with an IUA code and is focused on thought leadership, exploring technical and drafting issues facing insurers and reinsurers in the London Market.
We have the following additional Policy Wordings Masterclass session booked for 2026:
30.10.26: Words that Work: A Practical Policy Drafting Workshop
Please register here
19.11.26: Paying the Premium: Demystifying LTAs and Premium Terms
Please register here