Reinsurance News
Pen Underwriting
Vessel Protect reaffirms support for commercial operators looking to export Ukrainian grain
5th October 2023
Vessel Protect, a specialist war risk underwriter and part of Pen Underwriting, has reaffirmed its commitment to supporting commercial operators who are looking to export Ukrainian grain, as the new maritime corridor "begins to gain traction". Munro Anderson, Head of Operations at Vessel Protect, noted that the firm is seeing renewed ... Read the full article
Pen Underwriting creates new dedicated divisions to drive growth
28th July 2023
Pen Underwriting has announced changes to its divisional structure to bring together core underwriting capabilities and expertise, for the benefit of its brokers, while orientating to execute its strategy of growth and diversification. As of 1 August, Pen will separate its International & Financial Lines (IFL) division, creating a standalone UK ... Read the full article
Pen Underwriting hires ports & terminals specialist Neil Bridge
19th July 2023
Pen Underwriting has announced the appointment of Neil Bridge as Senior Underwriter at BMM Ports & Terminals (BMM P&T), with effect from Monday 24 July. According to the managing general agent (MGA), Bridge’s appointment is part of Pen’s continued investment in its new marine specialism. This follows the company’s acquisition of five ... Read the full article
Pen Underwriting acquires Norwegian MGA Fender
6th July 2023
UK-based Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has acquired specialist Norwegian managing general agent (MGA) Fender Marine AS for an undisclosed sum. It will become part of Pen’s International & Financial Lines division as Pen looks to expand its geographic footprint beyond the UK. Based in Bergen and Oslo, ... Read the full article
Pen Underwriting names Anderson Head of Operations at Vessel Protect
4th July 2023
Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has appointed Munro Anderson as Head of Operations at Vessel Protect, a specialist underwriter of marine war risks. According to the announcement, Anderson’s hire shows the firm’s continued investment in its new marine specialism, and follows its April entry into the sector ... Read the full article
Pen Underwriting names Catriona Thomson CFO
22nd May 2023
British Managing General Agent (MGA), Pen Underwriting has announced the appointment of Catriona Thomson as Chief Financial Officer (CFO), effective from July 1, subject to regulatory approval. Her appointment follows the earlier announcement in March that Sarah Breslin, the current CFO, will assume the role of Managing Director of Pen's Specialty ... Read the full article
Pen Underwriting appoints Chris Curran as Underwriting Consultant to Freeboard Maritime
11th May 2023
Pen Underwriting has appointed Chris Curran as Underwriting Consultant to Freeboard Maritime. Curran’s appointment comes as the company continues to invest in its new marine specialism, following its recent acquisition of five specialist marine MGA’s. Established in June 2022, Freeboard Maritime specialises in cargo liability and marine professional indemnity (PI), and ... Read the full article
Pen Underwriting acquires Tay River Holdings & marine specialist subsidiaries
4th April 2023
Pen Underwriting has acquired Tay River Holdings and its wholly-owned marine specialist subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM Ports & Terminals for an undisclosed sum. Established in 2020 by marine underwriters Paul Hartley, James King and Chris Goddard, Tay initially comprised the three niche MGAs, backed by the A-rated ... Read the full article
Erik Alsegard joins Pen Underwriting as Head of Intellectual Property
30th March 2023
Pen Underwriting has appointed Erik Alsegard to the newly created role of Head of Intellectual Property (IP) as it continues to invest in diversifying its product offering. Pen states that extending its suite of risk solutions into IP insurance will create a natural complement to its established specialisms in tech-related professional ... Read the full article
Pen Underwriting names Sarah Breslin Managing Director of Specialty
2nd March 2023
Pen Underwriting has announced that Sarah Breslin, who is currently the firm's Chief Financial Officer (CFO), has been appointed Managing Director of its Specialty division. Breslin has held the role of CFO since 2020 and is set to take on the strategic and operational leadership of the Specialty division from ... Read the full article
Seb Simmonds named MD of Pen Underwriting Public Sector division
27th February 2023
British Managing General Agent (MGA), Pen Underwriting has announced the appointment of Seb Simmonds as Managing Director of its Public Sector division, which includes the specialist business Risk Management Partners (RMP). With effect on 1 March and subject to regulatory approval, Simmonds will take on the strategic and operational leadership of ... Read the full article
Pen Underwriting announces new regional appointments
16th February 2023
British Managing General Agent, Pen Underwriting has announced the appointment of two new business development managers who will be dedicated to working with brokers across the Midlands. Helen Barnes has joined Pen as a Business Development Manager for the Midlands - South, and Liz as Business Development Manager for the Midlands ... Read the full article
Pen Underwriting launches regional claims hub & names trio of senior hires
20th December 2022
Pen Underwriting has announced the launch of a new regional claims hub in Chelmsford dedicated to managing commercial property and liability claims, appointing Paul Clayton as Senior Claims Handler, and naming Simon Jenkinson and Annahita Mansourpour as Technical Claims Team Leaders. Pen suggests that this new hub will complement its existing ... Read the full article
Pen Underwriting signs new partnership with Paladin Cyber
10th November 2022
Pen Underwriting has announced a new UK strategic partnership with Paladin Cyber to arm brokers and their clients with cyber risk management tools to tackle cybercrime and reduce the risk of data loss, extortion, and exfiltration. A statement from the firm says that the first phase of the partnership has been ... Read the full article
Pen Underwriting enters strategic partnership with Aviva
5th October 2022
Pen Underwriting has announced a multi-year strategic partnership with Aviva to strengthen its personal lines and property owners’ business, which will see Aviva providing capacity for over £100m in premium per annum. Under the terms of the new deal, Aviva will provide 100% capacity across these business lines within Pen’s personal ... Read the full article
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