Pen Underwriting buys Evolution Underwriting Group
Gallagher-owned MGA says it will benefit from Evolution's online trading platform.
Pen Underwriting has bought Kent-based SME specialist Evolution Underwriting Group for an undisclosed sum.
Mark Armitage, managing director of Arthur J Gallagher-owned managing general agent (MGA) Pen Underwriting, described Evolution as a "like-minded service-driven supporter of giving brokers access to experienced underwriters".
He highlighted the importance of Evolution's online trading platform, which would help broaden Pen's spectrum of commercial business.
Paul Upton, group chief executive
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