Mark McDonach, who previously held the position of Head of Marine, Energy, and Aviation, will now succeed Furlong in his former role. This shuffle in leadership positions reflects IQUW’s commitment to optimizing its underwriting processes and ensuring a robust oversight framework within the organization.
Furlong’s new responsibilities as the Head of Technical Underwriting and Oversight will involve overseeing the underwriting governance practices and technical standards of IQUW. This role is crucial in maintaining the insurer’s competitive edge in the market and ensuring that all underwriting decisions align with the company’s risk appetite and strategic objectives.
According to IQUW, Furlong brings a wealth of experience and expertise to his new position, having demonstrated a strong track record in underwriting excellence and risk management. His leadership in this key role is expected to drive innovation, efficiency, and effectiveness in the company’s underwriting processes.
The promotion of Phil Furlong and the appointment of Mark McDonach underscore IQUW’s commitment to fostering talent from within the organization and providing growth opportunities for its employees. By empowering capable leaders like Furlong and McDonach, IQUW aims to strengthen its underwriting capabilities and position itself as a trusted partner for its clients in the insurance market.
This strategic realignment in IQUW’s leadership structure is poised to have a positive impact on the company’s overall performance and competitiveness in the industry. By emphasizing technical underwriting excellence and stringent oversight standards, IQUW is poised to navigate the complexities of the insurance landscape with agility and resilience.
In conclusion, the promotion of Phil Furlong to the role of Head of Technical Underwriting and Oversight at IQUW signals a strategic move towards enhancing underwriting governance and technical standards within the organization. With Furlong’s expertise and leadership at the helm, IQUW is poised to reinforce its position as a leading specialty insurer and reinsurer in the market.
References:
1. “IQUW promotes Phil Furlong to Head of Technical Underwriting and Oversight” – Reinsurance News
Link: https://www.reinsurancene.ws/iquw-promotes-phil-furlong-to-head-of-technical-underwriting-and-oversight/
2. “IQUW Names Head of Technical Underwriting and Oversight” – AM Best
Link: https://news.ambest.com/newscontent.aspx?AltSrc%3D23%26RefNum%3D266706
3. Additional source: Validate.perfdrive.com
