IQUW promotes Phil Furlong to Head of Technical Underwriting and Oversight

Specialty insurer and reinsurer IQUW has promoted Phil Furlong to the newly created role of Head of Technical Underwriting and Oversight, with Mark McDonach succeeding Furlong as Head of Marine, Energy, and Aviation.

According to IQUW, in his new position, Furlong will oversee underwriting governance and technical standards across the business, while also taking on leadership of the IQUW Claims function.

“His deep expertise and leadership will be instrumental in ensuring consistency, quality, and efficiency across underwriting and claims operations,” the firm added.

Meanwhile, having joined IQUW in 2022 as Lead Underwriter under the tutelage of Furlong, McDonach will now lead the underwriting strategy across IQUW’s Marine, Energy, and Aviation classes.

IQUW explained that McDonach’s appointment reflects its focus on developing internal talent and maintaining its position as a lead market in these sectors. McDonach will report to IQUW Active Underwriter, Steven Tebbutt.

Peter Bilsby, Group CEO at IQUW, and to whom Furlong will report, commented on the transition, “These promotions reflect our commitment to recognising and developing talent from within.

“Phil and Mark have both demonstrated excellent leadership and expertise in their respective fields. As IQUW continues to evolve, their contributions will be vital in driving our strategy forward, supporting our service-led proposition to brokers and clients.”

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