Managing general agent, Pen Underwriting has announced a series of new leadership and underwriting appointments for its delegated solutions division.
The new talent will spearhead the continued expansion of its commercial and household businesses where underwriting authority is delegated on to specialist coverholders.
Michael King will join the business as head of delegated commercial, effective 1 January 2020. He succeeds Seb Simmonds who has been announced as Pen’s new managing director of risk managed commercial.
He is currently head of commercial underwriting at Canopius and brings over 25 years underwriting and leadership experience.
Fred Florry joins delegated commercial as senior underwriting and most recently served as commercial UK underwriter at Canopius. He brings 10 years of underwriting experience and previously held roles at QBE Europe and Brit Insurance.
Additionally, Pen has also announced the promotion of Leo Downes to head of delegated household.
Downes has worked at Pen and its predecessor business since 2012 and effectively succeeds Andrew Booth, who was appointed MD of the overall division earlier this year.
Andrew Booth, MD of Delegated Solutions, said: “We are absolutely delighted that market-leading underwriters of the calibre of Michael and Fred have chosen to join Pen at this exciting juncture, having unveiled our ambitious agenda for growth. Both are highly experienced and well respected and we look forward to welcoming them into the team to drive forward our delegated commercial products and proposition. On the delegated household side, it’s fantastic to have Leo stepping up to take the helm and I know he will do an excellent job in taking the business from its existing £125m GWP to the next level.
“I’d also like to say a massive thank you to Seb for his absolutely stellar support in helping me amalgamate our different delegated teams to form one cohesive division, and his transformation of our delegated commercial portfolio over the past five years. Under his leadership, the business has gone from strength-to-strength and it’s great that the wider Pen business will now benefit from his expertise and experience.”