IQUW launches Ports and Terminals offering led by Ali Welchman

Specialty and property re/insurer IQUW has launched a Ports and Terminals product, expanding its Marine insurance segment and reinforcing its business position.

The new team, under the leadership of Ali Welchman, aims to help brokers and clients manage their risks with coverage for physical loss, damage to marine property and cargo handling equipment, business interruption and third-party liabilities through this product.

Welchman, who has a decade of experience in the Ports and Terminals class, will be based in London with a reporting line to Phil Furlong, Deputy Active Underwriter, Head of Marine, Energy, and Aviation.

The offering reportedly aligns with the insurer’s business strategy to drive intelligent underwriting, seamlessly integrating data-driven insights, automation and expert analysis to deliver rapid responses, an initial view of risk and alternative risk perspectives.

The newly launched offering builds on 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.

The hires include 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.

Furlong commented, “Our new Ports and Terminals product underscores IQUW’s ambition to be a lead market across Marine and Energy classes. Ali’s appointment follows several senior additions to the Marine, Energy and Aviation team that reinforces our market-leading capabilities.”

Welchman added, “The Ports and Terminals market is rapidly changing, influenced by a combination of technological innovation with a push towards automation, the impact of climate change and evolving geo-political trading landscapes. I’m thrilled to join the IQUW team to develop a new product that will meet these fresh demands and support our brokers and insureds.”

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