MGA snaps up ex-Aviva and Allianz leader for senior Scotland-based underwriting role

Pen Underwriting has appointed Lorraine Malcolm as a senior underwriter for Scotland in its commercial risk managed team.

In her new role, Malcolm will be based in Glasgow and will help underwrite, manage and grow portfolios of commercial insurance.

She brings more than 30 years’ commercial underwriting and trading experience across property and casualty risks to the role.

Malcolm said: “I am delighted at the opportunity to join Pen Underwriting, whose growth journey to become one of the largest MGAs in the UK over the past 10 years has shown it to be ambitious, focused and forward-thinking.

“Importantly, Pen Underwriting blends underwriting expertise with a flexible, open-minded approach to business, which builds and sustains strong broker and market relationships.

“I look forward to being part of the team and contributing to Pen Underwriting’s continued success and future growth.”

Experience

Most recently, Malcolm was responsible for Scotland and Northern Ireland as property and casualty manager at Allianz.

Prior to this, she was a senior trading underwriter for Aviva within its corporate and specialty risk division and spent a decade with Axa as technical development underwriter.

Gordon Williams, regional underwriting manager at Pen Underwriting, said: “She is a well-known and highly respected underwriter in the Scottish commercial insurance market, so we are absolutely delighted she has chosen to join Pen Underwriting and our Glasgow-based team.

“Her extensive track record as a trading underwriter, backed by deep technical expertise and a wealth of regional market knowledge, offers the ideal blend of experience to further our work in helping regional brokers build long-lasting relationships with their commercial clients.”