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Review of the Year 2023: Spring Insure’s Paula McManus

Paula McManus

Paula McManus, senior PI underwriter at Spring Insure, shares her thoughts on continuing major market withdrawals and recalls Socrates when advising the political parties on how to win her vote at the 2024 General Election.

What has been your insurance/broking related highlight of 2023?

It has to be a personal one, which is the successful launch of our new commercial professional indemnity proposition in July after only joining the business this time last year. Creating new products, attracting quality capacity, and building new broking partnerships has been really full on but very rewarding.

What has been the most over-hyped insurance/broking buzzword or phrase of 2023?

‘Empower’. It is over-used and under-actioned

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Q&A: Pen’s Nick Wright

Nick Wright, chief business development officer at Pen Underwriting, tackles its recent M&A quietness, capacity in the market and the benefits to brokers from niche products. He updates on the goal of hitting £1.75bn GWP by 2030, streamlining its agency base and shares why he thinks the Gallagher-owned MGA will “go from strength to strength”.

McCafferty leaves chair role at BDH

Brendan McCafferty has left Top 100 Broker BDH, Insurance Age can reveal, with the business confirming it was an ‘amicable’ departure and there are no plans to replace the now former chair.

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