This award was established in 1984 to honor an individual for his or her professional excellence and service to the IRU. It is named in memory of Dr. George D. Young, one of the IRU's eight original founding members and a past President of IRU.
From 1969 until his death in April of 1984, Dr. Young was Senior Vice President in charge of reinsurance for National Indemnity Company and other affiliates of the Berkshire Hathaway Reinsurance Group. He held a Master's Degree from Cornell University, Ithaca, New York and a Ph.D. in Finance from the University of Missouri, Columbia, Missouri.

Recipients of The Dr. George D. Young Award
- 2006
Farmers Mutual Hail Insurance Company of Iowa
Signet Star Reinsurance Company
EMC Reinsurance Company
- 2005
John N. Reinman
Guy Carpenter & Company
- 2004
Dan Burke
John B. Collins Associates
- 2003
Gordon Olver
Signet Star Re
- 2002
Robert E. Evans, Jr.
Magna Carta Group
- 2001
K. Scott Norris
MSI Re Management, Inc.
- 2000
Robert A. Calinoff, Esq.
Calinoff & Katz
- 1997
William Rutledge
Farmers Mutual Hail Insurance Company of Iowa
- 1995
David Gustafson
Tokio Re Corporation
- 1994
Leo Heifetz
E.W. Blanch Company
- 1993
Robert Lippincott III
AXA Reinsurance
- 1992
William Griffiths
New England Re
- 1991
Charles E. Erickson
Signet Star Reinsurance Company
- 1990
Richard E. Haskins
EMC Reinsurance Company
- 1989
Donald L. Cole
WR. Berkley - Signet Star
- 1988
Robert L. Sias
Signet Star
- 1987
Donald D. Bockelman
Farmers Mutual Hail Insurance Company of Iowa
- 1986
Robert F. VanSant
Northeastern Re Insurance of Hartford
- 1985
A. Edward Gschwind
American Royal Re Company
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