US trade bodies PCI and AIA merge
The members of the Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) voted at the end of last year to approve a merger of the two groups. The result has been the creation of the American Property Casualty Insurance Association (APCI).
Anthony Kuczinski, president and CEO of Munich Reinsurance America, and chair of the AIA and Pete McPartland, chairman and CEO of Sentry Insurance and chair of the PCI issued a joint statement explaining the move.
The statement read: “We are pleased to announce the respective memberships of AIA and PCI have strongly approved a merger. Starting January 1, 2019, the American Property Casualty Insurance Association (APCI) will house the combined organizations and speak for nearly 60 percent of the US property-casualty market.
“APCI will reflect the broad diversity of the united membership and continue both organizations’ strong support for promoting and improving private competitive insurance market solutions and the US state-based regulatory system through effective public policy engagement.
“APCI will represent the full breadth of the industry, creating an even more unified and influential advocacy voice.”
“Some work still lies ahead to fully integrate the two organizations, and AIA and PCI staff are committed to maintaining continuity during the transition, delivering a strong value proposition to our members, and providing ongoing thought leadership for the industry.”
