Pen Underwriting
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.
Are new regional insurer offices the silver bullet to improve broker service?
The insurer retrenchment from the regions might have stopped and indeed been reversed in some cases, but as Ida Axling discovers, new branches, whilst welcome, are not the answer to all the issues over broker service.
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country.
Biba 2024: Pen’s Nick Wright on staying disciplined and kissing frogs
Pen Underwriting’s chief development officer Nick Wright tackles consolidation in the managing general agents market, the risk of disintermediation for brokers, and the opportunities from artificial intelligence.
Biba 2024: Pen to hit £1bn GWP target a year early says Downey
Tom Downey, CEO Pen Underwriting, hopes the managing general agent will hit £1bn gross written premiums by the end of 2024 or early next year, 12 months ahead of schedule.
My Insurance Downtime: Richard Webb, Pen Underwriting
Richard Webb, MD of UK financial lines & specialist liability, Pen Underwriting, offers us a window into his life outside of insurance covering politics podcasts, a love of indie music and completing an Olympic distance triathlon.
Intellectual property – how can brokers help clients insure the intangible?
There is more intellectual property in existence today than ever before – and its value is growing at a faster rate than physical assets. Martin Friel explores what products exist to help brokers protect their clients’ intangible assets and why SMEs are…
Pen inks £150m social housing capacity deal with SiriusPoint
Pen Underwriting has announced a new long-term capacity deal with SiriusPoint.
Biba Conference 2024 countdown: Pen Underwriting’s Nick Wright
With one month to go before the Biba Conference 2024, Nick Wright, chief development officer at Pen Underwriting, kicks off our preview series.
Blog: UK SME cyber resilience – let’s reverse the backwards trajectory
Ian Summerfield, head of cyber at Pen Underwriting, on how brokers and providers must work together to move the dial of SME cyber insurance.
Gallagher hails 8% Q4 organic growth in retail
Gallagher grew UK and Ireland retail business by 8% organically in the final quarter of 2023, while the specialty division achieved a 16% organic uplift, the broker has confirmed.
Gallagher’s Michael Rea given expanded UK CEO role
Gallagher has promoted Michael Rea to CEO of UK broking and underwriting, subject to regulatory approval.
People Moves: 4-8 December
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Pen takes box at Lloyd’s
Pen Underwriting has taken a box at Lloyd’s, which will be staffed initially with a marine team ahead of diversifying into complementary products and other lines.
Pen launches TMK-backed IP cover in UK
Pen Underwriting has rolled out an intellectual property insurance proposition backed by Tokio Marine Kiln, which is aimed initially at UK businesses.
People Moves: 30 October – 3 November 2023
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Aqueous launches solicitors’ excess layers product
Managing general agent Aqueous Underwriting has secured A+ rated capacity for solicitors on an excess layer basis only, a move it said responded to broker demand in an “underserviced” market.
Pen Underwriting secures £100m capacity deal
Pen Underwriting has signed a capacity agreement that will allow it to write £100m worth of solicitors’ professional indemnity business over three years.
Gallagher's organic growth hits 11%
Gallagher has posted 11% organic growth for the second quarter of 2023 in its UK & Ireland retail division.
Pen spins out UK financial lines and liability arm with Manchester as chair
Managing general agent Pen Underwriting has today announced some changes to its structure, which sees Manchester Underwriting Management founder and CEO Charles Manchester become chair of a new division.
People Moves: 17 – 21 July 2023
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MGAs fear regulatory scrutiny will deter new entrants and diversification
Nine in 10 managing general agents believe that regulatory scrutiny will increase over the coming year, potentially deterring more entrants into the space.
People Moves: 3 – 7 July 2023
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People Moves: 9 - 12 May 2023
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