Property speciality insurer and reinsurer IQUW announced the promotion of Robbie MacDonald to head of Property Direct and Facultative (D&F), and Tom Hennessey to head of Property, Delegated Authority (DA).
Both based in London, they will be jointly responsible for the global property book, and will report to Steven Tebbutt, active underwriter at IQUW.
MacDonald, who has been promoted from his role of lead underwriter, Property D&F, started his career at Marsh in 2007 in London. He then moved to Tokio Marine Global, followed by a move to Tokio Marine Kiln, and then to Tokio Marine HCC. He joined the IQUW D&F underwriting team in 2021.
Hennessey started his career at Price Forbes & Partners as an insurance broker in the Property team. After nine years, he moved to be a Property Underwriter at Hiscox, before moving to Arcus Syndicate in 2020. When Arcus was acquired by IQUW in 2021, he became IQUW’s Lead Underwriter, Property DA.
MacDonald and Hennessey will be supported by the wider IQUW Property team, including Lead Underwriter John Brown, who has over 20 years’ experience in the property insurance industry, and Stuart Bell, head of Property Claims. Both joined IQUW in 2022 from Beazley and have a wealth of knowledge in the property market.
“I am delighted to be able to promote Robbie and Tom into their new roles to support our brokers and continue to grow our property portfolio,” said Tebbutt. “Their appointments will help us retain our lead capability – particularly as we enter an important renewal season – and develop our proposition as we continue our invest in technology, data, and analytics to help inform underwriting decision making and empower our team through real-time access to valuation, mapping, and risk scoring metrics.”
