Pen Underwriting loses four to Modus

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MGA expands team with new hires from Arthur J Gallagher-owned Pen Underwriting.

Modus has hired four new members to its team - Giles Ashley, James Russell, Richard Edwards and Su Symonds - who all joined from Arthur J Gallagher-owned Pen Underwriting.

Ashley has been appointed as product development manager and will be responsible for new and existing products builds with software houses and key strategic partners.

Meanwhile both Russell and Edwards have joined as underwriting managers and will jointly be responsible for underwriting control performance management and

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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