About us

Founded in 2015, ICA Mutual – or the International Cotton Association Mutual – is an independent discretionary mutual created to fund the enforcement of ICA arbitration awards and provide legal expenses cover for ICA arbitrators if sued in overseas courts.

ICA Mutual is committed to being the leading provider of funds for enforcement of arbitration awards. It aims to the set the standard in award enforcement, risk management and loss prevention advice.

ICA Mutual is a not-for-profit organisation aimed at assisting its members rather than providing dividends for shareholders.

Chairman

Ray Butler

Ray Butler

Cotton Outlook

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Ray joined Cotlook Limited, a long-established private sector company based in Merseyside, in 1975, after graduating and working for a short time in the UK textiles industry.  Cotlook monitors and reports on cotton supply and demand and cotton market developments, and is the source of the Cotlook A Index. Ray is now the leading shareholder and Managing Director. He served as Chief Editor for 25 years before passing the baton on, but is still heavily engaged in all of the company’s activities. During his career, Ray has served as a UK delegate to ICAC Plenary meetings and as a member of that body’s Private Sector Advisory Panel. He continues to participate as a speaker in numerous international cotton industry events, predominantly in Asia. In 2001, Ray was president of the Liverpool Cotton Association, the predecessor of the ICA, for which he also served as president in 2011.

Directors

Stephen Burrows

Stephen Burrows

Brabners

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Stephen is a career banker who spent forty years with the Royal Bank of Scotland, including senior roles in Houston and New York. Retiring in 2001, he became Chairman of Brabners, and until recently held the position of Regional Chairman of Coutts in Merseyside and North Wales. He became an Ambassador for Professional Liverpool in 2013, having stepped down as Chairman in 2012. He was recently appointed Honorary Consul to the Republic of Latvia in Liverpool. His charitable work includes being a Director and Trustee of Wirral Hospice St Johns, a member of the Investment Committee of the Liverpool Council for Voluntary Services and Chairman of the Empowering Youth Foundation. He is a member of the Advisory Board of the University of Liverpool Management School and a member of the Board of Regents at Liverpool Hope University. He is married to Gillian, with whom he has two daughters and three grandchildren. He is an active member of Caldy Golf Club, and enjoys golf, football, rugby, opera and theatre.
Martin Fone

Martin Fone

ex-Charles Taylor

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A Classics graduate from Trinity College, Cambridge, Martin has held throughout the latter stages of his career senior underwriting positions and/or operated at director level at major insurance and reinsurance companies and consultancies. He has a strong technical underwriting background and is very analytical in his approach. He is also very client-focused in the way he transacts business. Martin has a long track record of developing non-traditional insurance solutions for clients, such as captives, mutuals and pools. He has created numerous captives and two insurance mutuals. Martin has a proven track-record of innovation, of being able to identify new business opportunities, develop products, obtain underwriting support and market to clients and distribution sources.

Company Secretary / Executive Officer

John Gibson

John Gibson

ICA

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John has three Masters degrees, was Called to the Bar in 1990 and is a practising Notary Public. He concluded his professional education with a post graduate diploma in law (notarial practice) from Maddingley Hall, University of Cambridge. Prior to joining the International Cotton Association to head up its arbitration department, John worked as a notary public and head of notarial services at Hill Dickinson LLP and has experience in running mutual organisations following his earlier career within the City of London’s UK Defence Association (Thomas Millers), as well as the L&L in Liverpool.