21 July 2016 Insurance

Pen Underwriting names head of cyber liability

Pen Underwriting has appointed Adrian Scott as head of cyber liability. He joins from Ridge Global, a cybersecurity firm where he was executive vice president and chief underwriting officer.

Joining Pen Underwriting’s specialty division, Scott will report to Jennifer Martin, managing director of financial lines, who manages UK and international business.

Scott has also worked for QBE North America, where he led the creation and implementation of a professional and financial lines underwriting platform.

Prior to this, Scott has also held senior roles at Valiant, Marsh and Aon in the US.

Martin said: “Strong broker demand for cutting-edge propositions to best protect their clients has seen cyber fast become a crucial and core capability for us.

“Adrian’s appointment to build and lead a dedicated cyber practice, further demonstrates our commitment to actively attract and retain the industry’s best talent for the benefit of our brokers and their clients.

“His extensive experience and mix of development, leadership and client service credentials makes him ideal for this demanding role. It’s fantastic to have him on board.”

Scott added: “In cyber insurance, the speed, efficiency and flexibility of your platform are just as important as the technical underwriting expertise that underpins it – as is the need to take a holistic approach to client risk exposure.

“Pen Underwriting’s capabilities and determination to meet this challenge head on made for a compelling opportunity and I’m looking forward to building the team, broadening our capabilities and expanding our geographic reach.”

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