Matthew Derrick Appointed as New President and CEO of IMUA, Signaling a New Era for Inland Marine Insurance

The Inland Marine Underwriters Association (IMUA) has announced the appointment of Matthew Derrick as its new President and Chief Executive Officer, marking a pivotal leadership change for the association that represents over 90 percent of commercial inland marine insurers. Derrick's extensive background in leadership and digital innovation, notably from his tenure as CEO of Kodeco.com, positions him as a transformative leader for IMUA during a time of significant industry evolution.

Derrick's previous role involved managing a global team and spearheading the rebranding of Kodeco.com, alongside the development of cutting-edge learning assessment platforms. These achievements underscore his capability to drive professional development and digital transformation, qualities that Tony Falcone, President of Intact Inland Marine, highlighted as key reasons for Derrick's selection. Falcone emphasized that Derrick's vision is in harmony with IMUA's ongoing initiatives, such as the launch of a new website and learning portal, aimed at enhancing member value.

At the helm of IMUA, Derrick is set to focus on fostering innovation and expanding professional development opportunities for inland marine insurance professionals. His appointment reflects IMUA's commitment to adapting to the dynamic needs of the industry and reinforcing its leadership in providing comprehensive training, educational programs, and industry analysis. Founded in 1930, IMUA has a storied history of supporting the inland marine insurance sector, and Derrick's leadership is expected to usher in a new chapter of growth and innovation.

This leadership transition is significant for vendors and professionals within the human resources and talent management sectors, particularly those interfacing with the insurance industry. Derrick's track record in digital transformation and professional growth initiatives suggests potential new avenues for collaboration and learning within the inland marine insurance community, impacting how professional development and networking are approached in this niche yet vital industry.