Tom Downey: Pen Underwriting aims to be £1.75bn GWP business by 2030
Despite a raft of new product launches this year, the MGA’s chief executive anticipates that the majority of the firm’s GWP growth will come from ‘thoughtful’ acquisitions
Further reading
Tom Downey: Pen Underwriting plans to use M&A to build ‘a much more specialist, niche business’
Chief executive strives for MGA to be ‘magic in the middle’ between capacity partners and brokers as it looks to hit £1bn GWP by year-end
‘Equilibrium’ between MGAs and insurers yet to be achieved – Pen Underwriting’s Tom Downey
Chief executive additionally believes that capacity into MGAs will become ‘almost like an investment vehicle trust’
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Brokers must make time to advise, influence and protect clients from underinsurance as softening market creates ideal moment in time to take advantage of competitive pricing
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Although insurers remain wary of subsidence claim surges over the British summertime, certain types of subsidence claims could pose a reputational risk depending on their cause
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There are undoubtedly reputational impacts surrounding more closely considering sustainability and underwriting, however there is also a strong business case for tying underwriting practices to ESG actions
Nimeshh Patel: Automotive brands want to work with businesses that have ‘intermediary layers’
Embedded insurance can act as a ’lubricant’ to support car manufacturer sales, notes chief executive
Tom Downey: Pen Underwriting aims to be £1.75bn GWP business by 2030
Despite a raft of new product launches this year, the MGA’s chief executive anticipates that the majority of the firm’s GWP growth will come from ‘thoughtful’ acquisitions
MGA sector entering ‘two speed market’ as innovation and maturity diverge – SiriusPoint’s Alex Hardy
As established MGAs scale up and sector startups seek to drive innovation, long-term partnerships must withstand shifting market cycles, changes and movements, says head of delegated and distribution
Nimeshh Patel: Automotive brands want to work with businesses that have ‘intermediary layers’
Embedded insurance can act as a ’lubricant’ to support car manufacturer sales, notes chief executive
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Briefing: Climate risk places insurers on increasingly shaky ground
Nimeshh Patel: Automotive brands want to work with businesses that have ‘intermediary layers’
Briefing: Climate risk must move from the boardroom to the underwriting floor
Tom Downey: Pen Underwriting aims to be £1.75bn GWP business by 2030
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registered in England & Wales with number 01676637
at The Echo Building, 18 Albert Road, Bournemouth,
England, BH1 1BZ - a Gannett company
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