Pen unveils cyber head to leverage opportunity

Pen Underwriting has appointed a head of cyber, as it emphasised the size of the opportunity in the line of business.

Ian Summerfield is currently commercial director of Pen’s Hazardous Goods & Environmental Industries niche within its specialty division, having joined Pen in April 2020 from RSA. He will succeed Hamir Patel.

Adrian Scott, Managing Director of International, said: “Ian’s impressive leadership and business development credentials, track record in successful portfolio performance, and real passion for motivating teams to win through collaboration and customer excellence make him the ideal successor as leader of our dedicated cyber practice.

“Cyber represents a huge growth opportunity for Pen’s International division, with clients spread across key territories around the world, and Ian’s appointment is another great example of our ability to match the ambition of our business with the ambition of our talent. He will be taking up the reins of a fantastic team and cyber portfolio in great shape, primed for further expansion.”

Summerfield said: “Cyber continues to be one of the insurance industry’s fastest growing and most rapidly evolving areas of risk and exposure. That brings equal amounts of opportunity and challenge for an underwriting business focused on portfolio performance. And it’s a challenge I’m excited to take on.

“Brokers look to Pen’s cyber practice for access to both technical underwriting expertise and fast, flexible digitally enabled solutions. And colleagues look to it too, as an invaluable source of complementary cover for their clients – cover that is able to close a protection gap which rising digital exposures seek to widen. I’m looking forward to working with our team of cyber specialists to continue delivering brilliantly on both fronts.”

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