Martin Hall – who has been chief underwriting officer at Arthur J.
Gallagher’s
Pen Underwriting since April 2015 – is moving to specialist motor insurance syndicate ERS in the coming months.
Replacing Hall at Pen Underwriting starting October 01 is Tom Downey, who is promoted from managing director of specialty – a position he has held since joining in 2014. Before that, he was with
RSA for two and a half decades.
Downey will assume responsibility for underwriting, capacity management, pricing, analytics, risk & governance, claims and marketing across all trading divisions at Pen Underwriting. Taking over his old position is development director Steve Thornett.
Meanwhile, other announced changes include Pen Underwriting’s financial lines becoming its own trading division. This will see managing director of financial lines Jennifer Martin joining the executive team.
“This is a really exciting time to be taking on a new role at Pen. Now that we’ve consolidated all our underwriting businesses and built a genuine virtual insurer able to offer technical pricing, analytics, governance, and claims handling capabilities in addition to all the underwriting skills of a standard MGA, we can deliver so much more for our capacity partners, coverholders, brokers, and clients,” commented Downey.
Pen Underwriting chief executive Jonathan Turner said: “I’m delighted that Tom’s move to his new role enables us to promote internally from the fantastic pool of talented individuals we have within Pen. I know that Jen and Steve will build on the great work undertaken by Tom in positioning Pen as the go-to specialty underwriting business.”
Over at ERS, meanwhile, Hall will soon serve as active underwriter and assume full responsibility for the Lloyd’s of London syndicate’s team of more than 100 specialist underwriters. The key hire held senior underwriting positions at
Direct Line Group and
Zurich prior to Pen Underwriting.
Director of underwriting Gina Butterworth, who is interim active underwriter, will continue to lead an investment programme focused on the key capabilities of underwriting, pricing, reserving, and management information.
“To have Martin join ERS, engaging directly with the market and managing our portfolio, and have Gina deeply entrenched in improving our capabilities means that ERS continues to strengthen its underwriting capabilities for the future,” commented ERS chief executive Ian Parker.
Related stories:
Pen Underwriting reveals new chief executive
ERS names new head of fleet underwriting
