IQUW taps rivals to strengthen property team
Re/insurer IQUW, which has operations in Bermuda, has strengthened its property underwriting team in London and internationally with three appointments.
The company tapped Lockton, Bishopsgate Insurance Brokers and Allianz Commercial for three senior appointments.
Mike Barrett joins IQUW as lead underwriter for property direct and facultative, Jonathan Powell as senior underwriter for property delegated authority, and Charles Tinworth as senior property underwriter.
With over 10 years’ experience in property insurance, specialising in open market US and Canadian property risks, Barrett will be responsible for helping to shape and execute the property D&F team’s strategy. He will be based in London and will report to Robbie MacDonald, head of property D&F.
Powell brings over 40 years’ experience in the Lloyd’s and London insurance markets to IQUW. He will be responsible for supporting the growth and implementing IQUW’s strategy for the Property DA book. He will be based in London and will report to Tom Hennessey, Head of Property DA.
Tinworth joins IQUW with over a decade of experience in the London and Lloyd’s property insurance markets, another appointment that will help strengthen IQUW’s Property team. He will be based in London and will report to MacDonald.
“We are absolutely delighted to welcome people of Mike and Charles’ calibre and experience to IQUW,” said MacDonald. “This is yet another example of our commitment to the continued growth of our Property D&F proposition and will further position us to provide the exemplary service and quality of product that clients have come to expect of IQUW.”
Hennessey added: “Jonathan’s appointment to the Delegated Authority team is a vital part of Property’s continued growth at IQUW. His experience and knowledge of the sector will be an invaluable asset to the business as we continue to roll out our strategic plans for growth and development in the London market.”
Hennessey and MacDonald further added “These important additions to our team builds on the IQUW approach of combining data, automation and human expertise to deliver swift decisions and value to our broker and coverholder partners. We’re excited for what we will be delivering to our broking partners in 2024”
Before joining IQUW in January 2024, Barrett was at Lockton for nearly five years in the most recent position of Senior Vice President of P&C Specialties. Prior to this, he was a Senior Broker at Prospect Insurance Brokers from 2015 to 2018.
Powell worked at Bishopsgate Insurance Brokers for three years as Managing Director before joining IQUW in February 2024. Before this, he was an Underwriter at Neon from 2017 to 2020 and was previously an Underwriter at Hiscox for over ten years.
Tinworth joined IQUW in January 2024 from Allianz Commercial where he was Senior Property Underwriter from 2022 to 2024. Prior to Allianz, he held the same position at AIG for nearly two years.