Reinsurance News
Pen Underwriting
Pen Underwriting targets £1bn premium in new strategy
9th July 2020
Multi-territory managing general agent Pen Underwriting has announced a new strategy to target £1 billion in gross written premium. As part of this goal, Nick Wright will take on the newly created role of Chief Business Development Officer (CDO), with a focus on investing in M&A, talent and innovation. “Now more than ... Read the full article
Pen Underwriting adds Hamir Patel as Head of Cyber
28th May 2020
Multi-territory managing general agent Pen Underwriting has appointed Hamir Patel as its new Head of Cyber. Patel succeeds Adrian Scott, who was appointed as Managing Director of International & Financial Lines in February. Hamir is currently Head of Insight & Reserving and joined the company four years ago after having served at ... Read the full article
Pen Underwriting promotes Hinken to Head of Claims Operations
9th April 2020
Multi-territory managing general agent Pen Underwriting has enhanced its core claims capabilities with the promotion of Billy Hinken to Head of Claims Operations. In this newly created position, Hinken will take responsibility for the delivery of several projects that form part of Pen’s claims transformation program and the establishment of its ... Read the full article
Pen Underwriting extends equine partnership with Markel
23rd March 2020
Multi-territory managing general agent Pen Underwriting is to further consolidate its presence in the equestrian market with the renewal of an existing capacity deal with Markel International. The agreement between the two firms builds on a partnership stretching back to 2017 and will see Markel continuing providing expertise and capacity for ... Read the full article
Gallagher announces new CEOs of UK Specialty business & Pen Underwriting
11th February 2020
Global re/insurance brokerage Gallagher has announced that Jonathan Turner will become Chief Executive Officer (CEO) of its UK domiciled Specialty operation, subject to regulatory approval. Turner's appointment comes as current CEO of the business, John Thompson, takes on a new role as Head of Business Development for the UK-based operation. As part ... Read the full article
Michelle Bree promoted to COO of Pen Underwriting
12th November 2019
Pen Underwriting has promoted Michelle Bree to Chief Operating Officer (COO) and has announced that she will also join the Board of Pen Underwriting Limited, effective December 1st, 2019. Bree joined the firm in 2015 from Accenture as a programme manager, where she had a specialist focus on change-management in the ... Read the full article
Pen Underwriting promotes Nick Milton to Head of UK Sales & Distribution
17th April 2019
Pen Underwriting, a multi-territory managing general agent (MGA), has announced the promotion of Nick Milton to the position of Head of UK Sales & Distribution. In this role, he will be responsible for the day-to-day management of the 16-strong national sales team and the strategic expansion of Pen’s broker relationships in ... Read the full article
Pen Underwriting partners with Davies Group on escape of water claims
6th February 2019
UK underwriting agency Pen Underwriting has partnered with Davies Group, a management, consulting and digital solutions provider, to overhaul its process for dealing with escape of water claims. By working with Davies, Pen Underwriting expects to save 10% on its indemnity spend and reduce the time taken to settle escape of ... Read the full article
Pen Underwriting consolidates portfolios in £550mn deal with Legal & General
10th May 2018
Pen Underwriting, a multi-territory managing general agent (MGA), has consolidated 15 UK household and SME portfolios into a five-year, £550 million, single quota share arrangement led by Legal & General. The creation of a single ‘master’ binder for Pen’s UK household and SME business will benefit both its customers and distribution ... Read the full article
Pen Underwriting expands broker support team with two senior appointments
13th March 2018
Pen Underwriting has announced that it is to enhance its specialist support of UK brokers by appointing Andy Dodd and Duncan Green to newly created positions in its business development team. Dodd will become Schemes and Delegated Authority Business Development Manager and will be responsible for helping brokers to grow their ... Read the full article
Pen Underwriting expands specialist cover in Ireland with QBE deal
20th November 2017
Pen Underwriting has reached an agreement with QBE in which the Australian reinsurance giant will provide capacity for hazardous goods and environmental industries within the property & casualty (P&C) segment in Ireland. The partnership will take effect from January 1st 2018, giving Pen's brokers and their clients in Ireland access to ... Read the full article
Pen Underwriting promotes Tom Downey to Chief Underwriting Officer
15th September 2017
Pen Underwriting, a multi-territory managing general agent (MGA), has promoted Tom Downey to Chief Underwriting Officer (CUO), with effect from 1 October 2017. Downey, who has been on Pen Underwriting’s executive team as Managing Director of Specialty since 2014, will now assume responsibility for underwriting, capacity management, pricing, analytics, risk & ... Read the full article
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