We are delighted to announce that Scot France has joined our Pen Underwriting team as a Property Underwriter! Scot joins us with 32 years’ experience within the Insurance Industry. His experience ranges through Property, Liability, Construction, SME and Strata fields. Throughout his career he has held many positions, most prominently as a SME Portfolio Manager and Senior Technical Underwriter. We look forward to working with him and drawing [...]
We are excited to welcome Maryanne Stanton to the Pen Underwriting team as a Property Underwriter! Maryanne has come to Pen from a Commercial Underwriting position specializing in Property, Liability and Fleet Motor. She been in the Insurance industry for 20 years and has held various underwriting and business development positions throughout her career. We are thoroughly looking forward to working with her and capitalizing on her breadth [...]
Join us in welcoming Jerome Furtado to our Pen Underwriting team as a Senior Property Underwriter! Jerome is a passionate Insurance professional with over 25 years’ experience, holding various management, underwriting and accounts positions within the Insurance Industry. His strong technical background in property insurance and comprehensive perspective will further strengthen our Property Underwriting Team. We are pleased to have Jerome on board as a valuable asset to [...]
In a hardening PI market with reduced capacity, Pen Underwriting is consistently providing great assistance to our brokers with excess layers at this crucial time. We can assist with excess layers for both annual policies as well as project-specific excess layers, and can provide excess layers for a broad range of occupations and industries. You can contact our PI specialist Chris Bounos on (07) 3056 1480 or 0488 [...]
The market for placing liability insurance for hospitality & leisure businesses continues to significantly harden. Underwriting Agencies, generally backed by Lloyds syndicates, have been the traditional home for these speciality occupations for a decade or more. Over the course of the past 12 months we have seen several agencies either loose binder arrangements or have their appetite & capacities significantly curtailed. This is on top of significant rate [...]
Our clients understand, to a greater or lesser degree, the liabilities that may arise for breaching their duty of care in the course of conducting their business and they purchase Public and Products Liability insurance to provide cover for those liabilities. As part of their business, they will also enter into contracts such as leases, bills of sale, service agreements to name but a few. Many of these [...]
The team at Pen are excited to announce that we will be attending the UAC Sydney Expo on Friday the 28th of February at the Hyatt Regency! Our team of underwriting specialists are excited to meet you and discuss all of our current product offerings and capabilities. Whilst at our stand, don’t forget to sign up for your chance to win Apple Air Pods! To keep up to [...]
Pen Underwriting is excited to announce our annual in-house Underwriting Conference (UW) on the 24th & 25th of February 2020. This year we will be pulling our Underwriting experts from all across Australia to Sydney for a two day intensive conference. We will have the pleasure to welcome multiple industry guest speakers to discuss market overviews, brokers’ perspectives and portfolio management. As well as partaking in group workshops, [...]
Years of premium discounting, coupled with deteriorating results, saw the General Liability market begin to harden during 2019. Insurers are looking to turn those results around with many in the Lloyd’s market significantly reducing their capital exposure in this area. We can expect to see this continue, even strengthen in 2020. One of the sectors coming under particular scrutiny is that of Construction Liability. This is one of [...]
As we move into 2020, we thought it would be an appropriate time to share our perspectives on what the year may hold for the General Liability market. Overall, we continue to see a contraction in capacity & appetite across a number of occupational classes within the casualty space, driven by a continued deterioration of loss trends, going as far back as 10 years. This is overlayed by [...]
