Institute Of London Underwriters

What Does Institute Of London Underwriters Mean?

The Institute of London Underwriters (ILU) was an association composed of marine, aviation, and transportation insurance companies. Established in 1884, it aimed to address issues related to the risks these companies were underwriting.

In 1998, ILU members joined the London International Insurance and Reinsurance Market Association to form the International Underwriting Association of London (IUA).

Insuranceopedia Explains Institute Of London Underwriters

The Institute of London Underwriters began in 1884 as a series of informal meetings among brokerage firms that sold marine, aviation, and transportation insurance. These firms decided to form an association to collectively address issues related to the types of insurance they provided, including matters involving ship owners and government entities.

For decades, the ILU conducted its operations across five floors of a building located on Leadenhall and Billiter Streets in London.