IQUW launches new Ports & Terminals product as a lead market offering
We are delighted to launch our new Ports and Terminals product, reinforcing our position as a lead market for Marine insurance. Under the leadership of Ali Welchman, an expert in the Ports and Terminals class, the product helps brokers and clients manage their risks with coverage for physical loss or damage to marine property and cargo handling equipment, business interruption and third-party liabilities.
The offering is aligned to IQUW’s commitment to intelligent underwriting, seamlessly integrating data-driven insights, automation and expert analysis to deliver rapid responses, an initial view of risk and alternative risk perspectives.
Welchman will focus on building a global Ports and Terminals book, bringing a decade of experience in the sector having previously served as Senior Underwriter for Transport and Logistics at Markel International. Based in London, Welchman reports to Phil Furlong, Deputy Active Underwriter, Head of Marine, Energy, and Aviation.
“Our new Ports and Terminals product underscores IQUW’s ambition to be a lead market across Marine and Energy classes,” said Furlong. “Ali’s appointment follows several senior additions to the Marine, Energy and Aviation team that reinforces our market-leading capabilities.”
“The Ports and Terminals market is rapidly changing, influenced by acombination of technological innovation with a push towards automation, the impact of climate change and evolving geo-political trading landscapes” commented Welchman. “I’m thrilled to join the IQUW team to develop a new product that will meet these freshdemands and support our brokers and insureds.“
The introduction of Ports and Terminals follows a series of strategic moves by IQUW to enhance its Marine and Energy capabilities, including three other senior hires within IQUW’s Marine and Energy team: Darren Stewart as Head of Marine, Energy, and Aviation Claims; Chris Touhey as Senior Underwriter, Energy; and Darryl Krobel as Marine, Energy, and Aviation Engineer.
