The appointment is still awaiting regulatory approval.
The ratings agency said its outlook on the carrier remains unchanged following the announcement of its acquisition of Norcal.
The P&I club will acquire the shareholding currently owned by Nordic insurer Alandia.
The carrier said claims would be partially offset by favourable prior year development.
The IUA operations director Louise Day, along with executives from Willis Towers Watson, the LMA and Liiba, are inaugural members.
The division is led by Stacy Paquet, with capacity provided by Professional Solutions Insurance.
The carrier created the position to reflect the significance of coverholder business.
Colm Lyons, Lee Ackerman, James Perrott and Tom Graham join Syndicate 1969.
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