The Inland Marine Underwriters Association (IMUA) has announced Matthew Derrick as its new President and Chief Executive Officer, a move that underscores the association's commitment to leadership and innovation in the commercial inland marine insurance sector. Derrick's extensive experience, particularly in digital transformation and professional growth, positions him as a pivotal figure in steering IMUA towards its future goals.
Derrick's previous role as CEO of Kodeco.com showcased his ability to lead large teams and innovate in the digital space, skills that are increasingly relevant in today's insurance industry. His efforts in rebranding and developing learning assessment platforms at Kodeco.com align with IMUA's recent launch of a new website and learning portal, initiatives aimed at enhancing member value and engagement.
Tony Falcone, President of Intact Inland Marine, has praised Derrick's appointment, emphasizing his exceptional track record and vision for the industry. Falcone's endorsement reflects the broader industry's optimism about Derrick's potential to drive IMUA's mission forward, particularly in areas of professional development and digital innovation.
With over 90 percent of commercial inland marine insurers under its representation, IMUA plays a critical role in the industry. Derrick's leadership is expected to further solidify IMUA's position by adapting to the evolving needs of its members and the sector at large. His focus on innovation and professional development opportunities is timely, as the industry faces rapid changes and challenges.
Founded in 1930, IMUA has a storied history of supporting the inland marine insurance sector. Derrick's appointment marks a new chapter in this history, one that promises to leverage his expertise in digital transformation and professional growth to benefit IMUA's members and the broader industry. His vision for IMUA not only aligns with the association's current initiatives but also sets a forward-looking agenda that anticipates the future needs of inland marine insurance professionals.
