Pen Underwriting, the London-based managing common agent, introduced a simplified divisional construction to convey collectively core industrial underwriting capabilities and experience throughout the UK and Eire.
Underneath the central management of Sarah Breslin as managing director of the brand new Industrial UK & Eire division, Pen has introduced collectively groups which supply a various vary of extremely specialist and risk-managed industrial insurance coverage – throughout property, casualty, fleet and monetary strains.
The structural change follows the geographic growth of Pen into Eire final yr, with the acquisition of Wexford-based haulage and transportation specialist Wrightway Underwriting in June, which creates a platform to develop and distribute new merchandise into the Irish market and vice versa.
It additionally follows Richard Webb’s resolution, as managing director of UK Monetary Traces & Specialty Legal responsibility, to retire from the business after a profession spanning nearly 40 years, which started at Normal Accident earlier than management positions at Hiscox, HCC, Manchester Underwriting Administration and Pen. Webb will go away Pen later this yr.
“Because of bringing Wrightway into the Pen household and establishing our first on-the-ground presence in Eire, we redoubled our deal with how finest to develop and increase our enterprise on a extra regional foundation throughout the UK and Eire,” commented Tom Downey, chief government officer of Pen Underwriting.
“Richard’s resolution to hold up his ‘work boots’ gave rise to a pure alternative to create a extra unified industrial division that brings collectively all our complementary threat administration and underwriting specialisms,” he stated.
“Having already been main on Wrightway’s integration into the Pen household, as a part of her position as MD of our Specialty division, Sarah is ideally positioned to guide the enlarged, mixed Industrial division to ship what brokers and their clients want, when and the place they want it,” Downey added.
He went on to thank Webb for his contribution to the corporate and the broader business. “His breadth of expertise, market data, sector collaboration and divisional management have been of nice profit to Pen and go away his specialist groups in a robust place to proceed their constant progress and evolution below Sarah’s management.”
Pen now has 4 buying and selling divisions: Industrial – UK & Eire; SME & Private Traces; Worldwide; and Public Sector. The brand new construction brings collectively the earlier Specialty and UK Monetary Traces & Specialty Legal responsibility divisions. All product and regional leads inside the new Industrial UK & Eire division, and their specialist groups, stay unchanged.
Pen Underwriting is a subsidiary of Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based dealer.
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