|
||
| What is it? Why is it needed?
|
||
| ARIAS (UK) was formed in 1991, mainly at the
instigation of John Butler (then Legal Officer of the Mercantile & General Reinsurance Co
and recently retired from Barlow Lyde & Gilbert). A working party comprising John
Thomas QC (now Sir John Thomas), John Powell (now of Lovells), Hugh
Thompson (an independant consultant with a reinsurance underwriting background) and John
Butler established ARIAS (UK) as a non-profit making Society with the support of over 20
founding members comprising law and accounting firms. In addition, substantial initial
support was received from three market institutions (also founding members): Lloyd’s,
LIRMA (now IUA) and BIIBA (now BIBA).
The Society has been established under the aegis of AIDA (Association Internationale de Droit des Assurances) and is one of the two UK-based Chapters of AIDA (the other being the British Insurance Law Association). Arising from the relatively recent growth of disputes in the world-wide insurance and reinsurance markets, there is a need for a body to encourage current and retired market practitioners to become part of a panel of independent arbitrators who have been suitably trained in arbitration procedures. This is the prime objective of ARIAS (UK). Additionally and in general, the Society aims to promote and assist in the development of insurance and reinsurance dispute resolution through arbitration, and to make this more responsive to the needs of the industry worldwide. Although much of the work of ARIAS (UK) is presently concerned with arbitration in London, it is the Society’s aim to facilitate dispute resolution wheresoever required. FIND OUT MORE ABOUT:
|
