Pen Underwriting
Downey on getting Pen to £1.75bn by 2030
Having hit its goal of £1bn gross written premium a year early in 2024, Pen Underwriting has set its sights on £1.75bn by 2030. CEO Tom Downey tells Insurance Age about the strategy of organic growth, product development and acquisitions now in place to reach the milestone.
People Moves: 22 – 25 April 2025
Follow the latest personnel moves in insurance.
News analysis: To what extent have brokers bought into Flood Re’s Build Back Better scheme?
Flood specialists warn of a persistent knowledge gap among general brokers, but highlight that more providers need to make the Build Back Better scheme available. Ida Axling reports.
Pen Underwriting extends cover for recruitment agencies
Pen Underwriting has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies.
Gallagher names ex-Giles boss Lyons specialty CEO as Turner departs
Gallagher has appointed Sarah Lyons, currently CEO of its Australia and Asia business, as CEO of the London-based specialty division, succeeding Jonathan Turner.
Pen promotes Breslin to lead new commercial arm as Webb retires
Pen Underwriting has announced a restructure following the decision by Richard Webb, MD of UK Financial Lines and Specialty Liability, to retire in June this year.
Pen boosts capacity with QBE in £420m deal package
Pen Underwriting has extended its partnership with QBE in the UK and Ireland, renewing capacity for public authority risks as well as the hazardous goods and environmental industries.
People Moves: 2 – 10 January 2025
Follow the latest insurance personnel moves.
Pen names Hannah Fry as COO
Gallagher-owned Pen Underwriting has appointed Hannah Fry as chief operating officer joining the executive team on 6 January 2025.
Review of the Year 2024: Pen Underwriting’s Nick Wright
Nick Wright, chief development officer at Pen Underwriting, questions the market’s short memory with regards boom-and-bust; is interested in the future of PIB and pan-European consolidation; and offers a pitch to take part in Bear Grylls’s The Island.
Pen signs up to Flood Re’s Build Back Better
Pen Undewriting has signed up to Flood Re’s Build Back Better with all eligible new and renewing home policies automatically including the benefits of the scheme from 1 January 2025.
People Moves: 25 – 29 November 2024
Keep up to date with the latest insurance industry personnel moves.
Leeds regional review: Buoyant market optimistic for continued growth
Insurance experts in Leeds are confident in the region’s prospects as competition for talent ramps up, reporter Rosie Simms discovers in her review of the Yorkshire city.
Pen revamps cyber proposition for large corporate clients
Pen Underwriting has relaunched its cyber proposition for large corporate clients, doubling excess of loss limit (XOL) and introduce a broader risk appetite.
People Moves: 30 September – 4 October 2024
Stay in the loop with the latest personnel moves in insurance.
High Net Worth – is it really high noon for MGAs in upmarket personal property?
With Munich Re (GrovesJohnWestrup) and Allianz (Home & Legacy) putting mid- and high-net-worth MGAs into run-off in the last 18 months, is this distribution model failing to connect with these customers? Ed Murray explores these developments and others…
People Moves: 26 - 30 August 2024
Keep up to date on the latest personnel changes in insurance.
Blog: Are conflicting messages on risk controls and rates eroding trust in cyber expertise?
Is a failure to heed the cyber insurance lessons of the past undermining efforts to shore up its sustainable future? Ian Summerfield, head of cyber at Pen Underwriting, discusses.
Gallagher holds steady on organic growth in Q2
Gallagher achieved 7% organic revenue growth in its UK and Ireland retail division in the second quarter of 2024, up from 6% in Q1.
Charles Manchester: Reflections on a career in insurance
Charles Manchester shares his reflections on the challenges and achievements during his time in the market as well as the outlook for MGAs and opportunities for the sector.
MUM founder Charles Manchester to retire from Pen
Charles Manchester, founder of Manchester Underwriting Management, is retiring from the business this month, Insurance Age can reveal.