Insurance Age

Pen writing up takeover “shopping list”

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MGA ready to return to the buying trail after pause since 2015.

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

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