Pen writing up takeover “shopping list”

Deal

Pen Underwriting is gearing up strike its first takeover deal since buying Evolution Underwriting in 2015 and has already signed non-disclosure agreements, Insurance Age can reveal.

Jonathan Turner, CEO of the Gallagher-owned managing general agent explained that while discussions had not formally started the business was preparing a “manageable and realistic shopping list”.

“It is part of our future development plans,” Turner confirmed

“If we can find businesses that bolt on, are complementa

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