Pen Underwriting promotes exec to MD of financial lines
Pen Underwriting has promoted Jennifer Martin to managing director of financial lines, taking responsibility for UK and International business across the spectrum of e-traded, individually underwritten and delegated authority solutions.
As part of Pen Underwriting’s specialty division, led by Tom Downey, MD, the newly consolidated financial lines capability will ensure coverholders and brokers can access its specialist facilities and expertise for professional indemnity (PI), directors’ & officers’ (D&O), personal accident and travel and cyber risks all in one place, the company said.
With more than 25 years’ financial lines experience, Martin joined Pen Underwriting in January 2015 as MD of International Delegated Solutions (then trading as OIM Underwriting) to build and lead the expansion of its specialist delegated authority business into international territories.
This enabled all coverholders to benefit from tailor-made access to Lloyd’s and London market capacity without being restricted by class of business, market sector or location.
Martin joined Pen Underwriting from Dual International, which she joined in 2010 where she served as director of underwriting — Europe. Prior to this, she spent nine years at Brit Insurance, latterly as divisional director responsible for PI and D&O in global markets.
“Financial lines is a core specialty for Pen Underwriting — one where we are actively investing in our existing expertise as well as looking to diversify into new areas,” said Downey.
“As a financial lines underwriter by trade, with more than 25 years’ experience, Jennifer has an acute understanding of the market’s evolving risks and focus on anticipating and responding to changing customer needs.
“This, combined with her extensive leadership experience both for UK and international business, makes her the ideal individual to lead our newly combined team, drive the development of best of breed propositions and ensure we continue to deliver on our promise of being easy to do business with — however our customers choose to trade with us.”
