Reinsurance News
Pen Underwriting
Pen Underwriting appoints Dan Hydleman as specialist tech underwriter
13th June 2022
Pen Underwriting has appointed Dan Hydleman as a specialist technology underwriter. The company said that Hydleman will be based in its Leeds office and will report into Tom Dixon, head of technology. He joins from Hiscox where he has been an underwriter specialising in technology since 2019. Dixon said: “Dan is ... Read the full article
Pen Underwriting signs new £300m capacity deal with QBE
24th January 2022
Pen Underwriting has entered into two new long-term UK capacity deals with insurer QBE, focusing on the areas of public authority and higher education risks, as well as hazardous goods, environmental industries, and tanker transportation. Together, both of the agreements will see QBE provide capacity for nearly £300 million in premium ... Read the full article
AJ Gallagher’s Pen Underwriting acquires Manchester Underwriting Agencies
5th October 2021
Arthur J. Gallagher & Co. has announced that its specialist underwriting subsidiary, Pen Underwriting, has acquired 100% of UK-based Manchester Underwriting Agencies Limited and its wholly owned subsidiary, Manchester Underwriting Management Limited (MUM). Founded in 2010 by Charles Manchester as a specialist underwriting agency, MUM is a multi-class, full-service managing general ... Read the full article
Pen Underwriting hires Tom Dixon as Head of Technology
8th September 2021
Pen Underwriting has appointed Tom Dixon to the newly created role of Head of Technology as the company continues to invest in extending and diversifying its product offering. Dixon will report into Adrian Scott, Managing Director of International & Financial Lines at Pen Underwriting. He joins from Hiscox where he led its ... Read the full article
Pen Underwriting hires Neil Bowdrey as Head of D&O
26th May 2021
Pen Underwriting has appointed Neil Bowdrey to the newly created role of Head of D&O as the company looks to expand its presence in the directors & officers liability insurance market. Bowdrey will be based in the UK and report into Adrian Scott, Managing Director of International & Financial Lines at ... Read the full article
Pen Underwriting launches terrorism cover for UK businesses
3rd February 2021
Pen Underwriting has launched a new standalone terrorism coverage for UK businesses and property owners. The terrorism product has been designed to be e-traded via Acturis or the Pen Portal with minimum referral triggers, although it can also be underwritten in a conventional manner. Extensions such as emergency accommodation costs and brand ... Read the full article
Pen Underwriting & Zurich agree specialist fleet deal in Ireland
2nd February 2021
Pen Underwriting and Zurich Insurance have announced a second multi-year capacity deal for specialist fleets in the hazardous goods, tankers and environmental industries in the Republic of Ireland. The three-year agreement follows on from a similar five-year UK capacity deal to support the same sector, announced earlier this month. The new Irish ... Read the full article
Pen Underwriting & Zurich in specialist fleet capacity deal
8th January 2021
Multi-territory managing general agent Pen Underwriting has announced a new UK capacity deal with Zurich in the specialist area of hazardous industries and tanker transportation. The agreement will see Zurich provide capacity for in excess of £165m in premium over the next five years for Pen’s Hazardous Goods and Environmental Industries’ ... Read the full article
Pen Underwriting adds Sarah Breslin as CFO
26th October 2020
Multi-territory managing general agent Pen Underwriting has added Sarah Breslin as Chief Financial Officer. She succeeds Praveen Panicker, who is set to join Gallagher’s corporate finance team. Breslin joins from Gallagher after eight years with the firm, most recently serving as Finance Director of Corporate Services. She began her career at PwC in ... Read the full article
Pen announces key appointments to delegated solutions division
2nd October 2020
Multi-territory managing general agent Pen Underwriting has announced a series of new leadership and underwriting appointments within its delegated solutions division. The new talent will be spearheading the expansion of its commercial and household businesses, where underwriting authority is delegated toon to specialist coverholders. Michael King will join from Canopius on 1 ... Read the full article
Pen Underwriting announces key leadership changes
29th September 2020
Multi-territory managing general agent Pen Underwriting has announced a series of newly created roles and leadership appointments. Stewart Gardiner, previously underwriting director of Pen’s Risk Managed Commercial business, has been appointed Technical Underwriting Director. Reporting to Chief Underwriting Officer Jennifer Martin, his role will span all lines of business and all divisions. In ... Read the full article
Pen Underwriting increases Lloyd’s cyber capacity to £55m
3rd September 2020
Pen Underwriting has renewed multiple binders with its consortium of Lloyd’s partners, enabling it to write in excess of £55m in cyber insurance premiums in the UK, US, Canada and New Zealand over the course of the next 12 months. This marks an increase of 15% on the previous year, and ... Read the full article
Pen Underwriting announces new role of Head of Technical Claims
13th August 2020
Insurer Pen Underwriting has announced the promotion of Alex Tinsley to take on the role of Head of Technical Claims, a new role created as the firm continues to invest in enhancing its in-house claims capabilities as a virtual insurer. Tinsley’s previous role was Head of Commercial claims, however his new ... Read the full article
Pen Underwriting secures new £100m capacity deal
3rd August 2020
Pen Underwriting has secured an enhanced multi-year capacity deal that will enable it to write 20% more premium for solicitors’ professional indemnity (PI) on an annual basis. With this new deal pen will be able to will take its capacity up to more than £100m over three years which will then ... Read the full article
Pen Underwriting extends strategic partnership with CNA Hardy
15th July 2020
Multi-territory managing general agent Pen Underwriting has extended its strategic partnership with specialist insurer CNA Hardy. The agreement will see CNA Hardy continue to provide 100% capacity for up to £50 million in premiums through until 2024 for Pen’s construction business. The existing partnership consolidated and built on a previous relationship in ... Read the full article
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