Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has announced the appointment of Megan Jones as Capacity Relationship Manager.
Jones will take over her new role from January 2, 2024. She will be responsible for the strategic and operational management of each capacity partnership underpinning Pen’s five key underwriting divisions, splitting her time between London and Leeds.
She will also be responsible for cultivating new capacity relationships to support the company’s increasingly diverse portfolio and breadth of business lines.
“This is an exciting time to be moving into capacity management, especially in an MGA as large and ambitious as Pen. Capacity will always be a demanding and dynamic area to work in, where you have to work hard to secure strong relationships and deliver mutually beneficial results. But I’m looking forward to the challenge and getting to know and supporting all our partners,” Jones commented.
Bringing a decade of industry experience to her new role, Jones is a chartered insurer with a strong track record in achieving profitable account growth, winning and retaining business, and developing underwriting talent.
Her technical underwriting experience spans a wide range of insurance products, from the more traditional end of commercial property and professional risks to emerging sectors, such as cyber, technology and media.
Stewart Gardiner, Technical Underwriting Director at Pen Underwriting, said: “Effective capacity management is pivotal to Pen achieving its growth ambitions, both by looking after our long-term strategic partners and developing valuable new relationships. We have a vibrant UK MGA market right now – one where we are seeing new potential capacity emerge, including more US insurers looking to branch into the UK, as well as long-term partnerships commit to multi-year renewals.
“Megan’s credentials and consistency, in delivering impressive underwriting growth and technical excellence, lend themselves brilliantly to the key role of capacity relationship management. We’re delighted she is taking on this important position within the business and building her career within Pen.”
Jones was promoted to her new role as Capacity Relationship Manager from her position as Senior Professional Indemnity (PI) Underwriter for UK PI.
She has been with the company since joining Pen’s Manchester Underwriting Management business in October 2022 from Hiscox, where she was a specialist commercial lines underwriter accountable for the renewal of some of its largest and most complex UK clients.
