Reinsurance News
Pen Underwriting
Pen Underwriting expands P&T coverage to US risks
19th February 2025
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced the expansion of its international ports and terminals (P&T) specialism to cover US risks. This move ensures the company can cover all global jurisdictions, building on the strong performance of Pen’s existing P&T portfolio outside the US. The new US ... Read the full article
Pen Underwriting reshapes divisional structure to strengthen regional growth
5th February 2025
Pen Underwriting has introduced a streamlined divisional structure aimed at enhancing its core commercial underwriting services across the UK and Ireland, designed to benefit brokers and support the company’s regional expansion strategy. Sarah Breslin will lead the newly formed Commercial UK & Ireland division as Managing Director, bringing together teams with ... Read the full article
QBE and Pen Underwriting extend partnership with $400m+ capacity deal
22nd January 2025
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has extended its long-term strategic partnership with QBE in the UK and Ireland in a new £420m capacity deal. This collaboration involves the multi-year renewal of two major capacity deals in highly specialist areas. Building on a 25-year relationship, in terms of ... Read the full article
Pen Underwriting names Robert Dobson as Marine Claims Manager
10th January 2025
Pen Underwriting, a provider of tailored insurance solutions, has announced the appointment of Robert Dobson as Marine Claims Manager. He will oversee the diverse range of specialisations within Pen’s rapidly growing marine division. The company’s expanding team of technical underwriting and risk management experts covers areas such as ports and terminals, ... Read the full article
Pen Underwriting appoints Gallagher’s Hannah Fry as Chief Operating Officer
18th December 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced the appointment of Hannah Fry as Chief Operating Officer, effective 6 January, 2025. Fry will join the Executive team of the multi-class, multi-territory specialist underwriting and distribution business. In her new role, she will be responsible for ensuring Pen has ... Read the full article
Pen Underwriting signs up to Flood Re’s Build Back Better Scheme
5th December 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has announced that its specialist home insurance practice has signed up to Flood Re’s Build Back Better scheme to reduce the impact of future flooding on its customers by helping to bolster their properties’ resilience. For those unaware, Flood Re launched its ... Read the full article
Pen Underwriting adds Paul Wood to marine practice
2nd December 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has strengthened its marine practice with the appointment of Paul Wood to launch and lead a new London market yachts specialism. Wood has been appointed Product Lead for Yachts, and joins to launch and grow this area of marine specialism for ... Read the full article
Pen Underwriting revamps cyber proposition for large corporate clients
28th October 2024
Pen Underwriting, a subsidiary of Arthur J. Gallagher & Co., has revamped its cyber proposition for large corporate clients, which includes re-entering primary coverage for this market, doubling its excess of loss (XOL) limit, and expanding its risk appetite. Supported by a consortium of A-rated capacity providers with expertise in the ... Read the full article
Colbourn joins Pen Underwriting’s TMT as UK Senior Marine Trades Underwriter
8th October 2024
Pen Underwriting’s marine business specialist, Trafalgar Marine Trades (TMT), extends its broker service capabilities with the appointment of Emma Colbourn as UK Senior Marine Trades Underwriter, effective October 8. Colbourn brings to her new role more than 25 years’ marine insurance experience and specialist knowledge. At Pen, she will focus on the ... Read the full article
Vessel Protect appoints James Kent as Senior Business Development Underwriter
12th June 2024
Vessel Protect, a specialist war risk underwriter and part of Pen Underwriting, is enhancing its marine capabilities with the appointment of industry veteran James Kent as Senior Business Development Underwriter. Chris Goddard, Co-Managing Director of Marine at Pen Underwriting and CEO of Vessel Protect, expresses his enthusiasm for Kent’s appointment, stating, ... Read the full article
Pen Underwriting expands into Ireland with Wrightway Underwriting acquisition
6th June 2024
Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired Wrightway Underwriting Limited, a Republic of Ireland-based MGA that specialises in transportation and haulage, for an undisclosed sum. Based in Wexford, Wrightway is a managing general agent (MGA) providing motor and liability coverages for the haulage and fleet sector across ... Read the full article
Pen Underwriting extends fleet deal in Republic of Ireland with Zurich
26th April 2024
Pen Underwriting has announced the extension of its long-term strategic collaboration with Zurich in the Republic of Ireland to support its highly specialist fleet insurance offering, covering motor fleets in the hazardous goods, tankers and environmental industries, following a multi-year renewal of their existing capacity deal. This agreement will see Zurich ... Read the full article
Pen Underwriting announces strategic partnership with SiriusPoint
19th April 2024
Managing general agent (MGA) Pen Underwriting has announced a new strategic partnership with global re/insurer SiriusPoint, in support of the specialist housing association sector, with a long-term capacity deal. According to the announcement, the multi-year agreement between the two firms will see SiriusPoint provide 100% capacity for Pen’s specialist social housing practice, ... Read the full article
Pen Underwriting names Megan Jones Capacity Relationship Manager
7th December 2023
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, ... Read the full article
Pen Underwriting takes box at Lloyd’s
22nd November 2023
Arthur J. Gallagher & Co. subsidiary, Pen Underwriting, has taken a box at Lloyd’s as its investment into maximising ease of doing business continues. Pen’s team of specialist marine underwriters will be taking box 393, on gallery 3. Their presence on the trading floor will provide brokers with support in placing ... Read the full article
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