Insurance trade associations AIA, PCI explore merger
Jun 25, 2018
The American Insurance Association and the Property Casualty Insurers Association of America are in talks to merge their organizations into one trade association.
The boards of the Washington-based AIA and Chicago-based PCI “believe there is great benefit in a more unified policy and advocacy voice for property casualty insurers, given the unprecedented pace of change in the world and the resulting potential opportunities and challenges,” according to a joint statement by AIA Chair Anthony Kuczinski and PCI Chair Kurt Bock. “A merged trade association would speak for approximately 60% of the U.S. property/casualty market, representing the full breadth of the industry and creating an even more influential voice.”