IQUW promotes underwriters in London property division

IQUW, a UK-based re/insurer with a substantial Bermuda operation, has promoted two experienced property underwriters in its London office.

IQUW, which writes a broad book of insurance and reinsurance, said it sees the promotions as a way of reinforcing relationships with coverholders and of increasing collaboration across the company.

Robbie Macdonald (pictured) has been promoted to head of property direct and facultative, and Tom Hennessey to head of property, delegated authority.

The company said Macdonald and Hennessey will be jointly responsible for its global property book, and will report to Steven Tebbutt, active underwriter at IQUW.

Tebbutt said of the promotions: "I am delighted to be able to promote Robbie and Tom into their new roles to support our brokers and continue to grow our property portfolio.

“Their appointments will help us retain our lead capability – particularly as we enter an important renewal season -- and develop our proposition as we continue our invest in technology, data, and analytics to help inform underwriting decision making and empower our team through real-time access to valuation, mapping, and risk scoring metrics.”

MacDonald, who was previously lead underwriter, property D&F, joined IQUW from Tokio Marine HCC in 2021 having previously worked at other Tokio Marine units and at Marsh.

Hennessey joined IQUW when it acquired Arcus Syndicate and became lead underwriter, DA. He began his career as an insurance broker at Price Forbes & Partners and was also a property underwriter at Hiscox.