How did you get into the insurance industry? At school, I was academic and great with numbers and logical thinking, but I didn’t want to go to university or pursue a career in banking. I sent my CV out to various industries and was taken on by an insurance firm. After stints at Aspen, Liberty,…
read moreCrisis Management at IQUW The rapid proliferation of electric vehicles (EVs) and the increasing integration of advanced electronics in car manufacturing have significantly transformed the automotive industry. However, these advancements bring forth a new set of challenges, particularly in the realm of product recalls. As vehicles become more complex, the potential for electronic and software-related…
read moreWhile rates are still satisfactory, if they continue to drop quickly next year, Andy Lewis, Lead Underwriter for Cyber expects things to get ‘very uncomfortable’.Speaking with Francis Churchill from Insurance Day, Andy comments underwriters need to focus more on sustainability when pricing risks and take a more targeted approach to growth, focusing on the SME…
read moreWe're pleased to announce that Financial Institutions (FI) product, FortiFI, is launching a new wording for the Australian insurance market at the end of October 2024. Launched in the US earlier this year, FortiFI is one of the only fully end-to-end FI offerings in the market that features integrated Cyber coverage. The new wording will…
read moreWe're pleased to announce a strategic partnership with mea, implementing their advanced AI-powered processing platform to revolutionise underwriting efficiency across IQUW’s (re)insurance operations. The partnership will enhance IQUW’s underwriting productivity and improve service as the (re)insurer continues to focus on delivering seamless broker experiences. The partnership, which is currently live within IQUW’s Director and Officer…
read morePolitical violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events. Dan Callow, Lead Underwriter Political Violence & Terrorism, War, in conversation with Francis Churchill from Insurance Day, examines issues around political unrest. Dan points out the critical role social media plays in amplifying…
read moreDoes the rising impact of perils outside of hurricane and earthquake on the re/insurance industry mean they are no longer ‘secondary’?"With secondary perils like wildfires and floods now responsible for 67% of natural peril insured losses in 2023, these risks can no longer be viewed as secondary. The re/insurance industry must prioritize collaboration to improve…
read moreIQUW is pleased to announce the appointment of Peter Hearn as an independent Non-Executive Director to the IQUW Holdings Bermuda Board. Hearn is widely recognised as a visionary leader and brings over four decades of experience in the global insurance and reinsurance broker sector, including various senior leadership roles, most recently as Marsh McLennan Vice…
read moreHow 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…
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