IIL announces new president for 2023-24

Appointee currently serves as group CUO for major a reinsurance syndicate

IIL announces new president for 2023-24

Insurance News

By Kenneth Araullo

The Insurance Institute of London (IIL) has officially appointed Dominick Hoare (pictured) as its president for the 2023 to 2024 term.

Hoare, who currently holds the position of group chief underwriting officer at Munich Re Syndicate (formerly Watkins Syndicate), brings over three decades of experience in the Lloyd’s market and holds the distinction of being a Chartered Insurer. His association with Munich Re Syndicate began in 1994, according to LinkedIn.

Munich Re Syndicate is a provider of specialty insurance in both the Lloyd’s and International markets. In addition to overseeing the underwriting function of Munich Re Syndicate, Hoare also assumes the responsibility for the underwriting function at the Group's global offices, spanning Dubai, Singapore, China, and the USA.

Furthermore, he also holds directorial positions at Munich Re Syndicate and Munich Re Specialty Group. His involvement is evidenced by his roles as a director of Lloyd’s Market Association, a former chairman of the Offshore Energy Committee of the International Union of Marine Insurers (IUMI), and the Joint Rig and Associated Business Committee in the London market. He recently concluded his tenure as a member of the Executive Committee of the IUMI.

Hoare also currently holds a position on the Council of Lloyd’s and is a contributor to the Lloyd’s ESG Committee and the Underwriting Advisory Group.

“It’s a great privilege to take on the presidency of our institute and to do so at such a fascinating time for both the insurance industry and the world,” Hoare said. “At times like these we are reminded of the value of stable partners, and the IIL has a vital role to play in supporting all of our clients through such periods.”

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