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| Founded in 1967, the IRU today consists of nearly 60 member companies engaged in the assumption, placement or purchase of property/casualty treaty reinsurance. In October of 1993, the IRU expanded its membership from solely reinsurance underwriters to include reinsurance intermediaries; in September 2002, the IRU expanded its membership further to include ceding company reinsurance departments. Presently, intermediaries comprise approximately 25% of the membership. While all IRU members primarily operate in the U.S. reinsurance market, some are active in international reinsurance markets as well. The IRU is a not-for-profit corporation, organized for the purposes of reinsurance education and research and the dissemination of information relevant to the reinsurance industry. The IRU does not speak on behalf of its membership on industry issues nor does it engage in lobbying. The IRU holds two working conferences each year, one in the spring and one in the fall. In addition, claims and/or underwriting educational symposia are planned in the interim.
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