How did you first arrive in the insurance industry? Living in Bermuda, which is a big re/insurance hub, I knew about the industry. I studied Business Administration, majoring in Accounting at Wilfrid Laurier University in Canada, but by fourth year I had realised accountancy wasn’t for me. After moving back to Bermuda post-graduation, I applied…
read moreStephen Young, Global Head of Reinsurance, CEO Bermuda discusses with Global Reinsurance market dynamics amid challenging losses in recent years. Stephen comments, "After reinsurers suffered multiple challenging losses, a re-evaluation of coverage, attachment points and rate increases has propelled reinsurance returns into the mid-20s in 2023 and have made for a more orderly renewal period…
read moreProperty and specialty insurer and reinsurer, IQUW, has announced the promotion of Robbie MacDonald to Head of Property. MacDonald has been promoted from the position of Head of Property, Direct and Facultative (D&F) which he has held since May 2023, where he co-lead IQUW Property alongside Head of Property, Delegated Authority (DA), Tom Hennessey. “I…
read moreOur regular IQUW Live events offer brokers an alternative view on the intelligent use of data, automation and the importance of human expertise across a range of topics. This month, we welcomed the Rt Hon Rory Stewart, politician, diplomat and academic, to discuss 2024, the year of elections, where more than 49% of the world’s…
read moreWhile Cyber insurance only being a relatively new class of business within the insurance market it has grown and changed substantially within its short existence.Here Lead Cyber Underwriter Andrew Lewis talks about his happy accident of a career in underwriting along with the challenges and opportunities faced in the constantly evolving Cyber insurance market. How…
read moreThe Financial Institutions segment at IQUW has seen tremendous growth, now marked by the launch of FortiFI, a novel policy blending FI and cyber insurance. Leading the charge in developing this product and the FI team has been Tristram Prior.With a strong entrepreneurial drive, Tristram has focused on innovation and creation within the Financial Institutions…
read moreWe are delighted to announce the launch of FortiFI, its new Financial Institutions (FI) wording featuring integrated Cyber coverage, specifically for US clients. FortiFI will combine Cyber coverage with IQUW’s existing FI insurance offering which already includes Errors and Omissions, Directors and Officers, Employment Practices Liability, Fiduciary and Crime insurance, making it one of the…
read moreRebecca Hill, Senior Claims Handler for Syndicate 1856 at IQUW has packed a great deal of experience into the 12 years she has worked in the insurance industry. Despite not knowing anything about specialty insurance when she first entered the market, she tells us she hasn’t regretted a day in the industry yet. In 2023,…
read moreWe are pleased to announce a combined operating ratio of 80.9% as our financial results for the year ending 31 December, 2023. Gross written premiums grew 35% year-on-year to $913 million as the syndicate sustained trajectory in our third operating year and continued to deliver on our strategy to build a diverse, multi-line specialty portfolio.…
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