Pen Underwriting has unveiled several changes in its leadership, following Jonathan Turner’s appointment as chief executive officer of parent company Gallagher’s UK-based specialty business.

Tom Downey has been appointed as chief executive officer in his replacement. Downey joined Pen Underwriting in 2014 as managing director of specialty and was promoted chief underwriting officer in 2017.

Managing director of international and financial lines, Jennifer Martin will succeed Downey as chief underwriting officer. Martin joined Pen Underwriting in 2015 initially to build and drive the expansion of its specialist financial lines business into international territories, before being promoted to lead its overall international and financial lines division. Upon regulatory approval, she will also join the Pen board.

Head of cyber liability, Adrian Scott will succeed Martin in her current role. He joined Pen Underwriting in 2016 to enhance its capabilities in cyber risk management and insurance. Scott’s promotion will also see him become a member of Pen’s Executive team.

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