Pen Underwriting has continued investment in its new marine specialism with the appointment of Munro Anderson as head of operations at Vessel Protect, with effect from 1 July 2023.

Bringing 15 years’ experience, Anderson joins from real-time risk intelligence and maritime security solutions provider Dryad Global where he was a founding partner. The technology-led business was set up in 2018 to help maritime clients mitigate risk and simplify security decision-making processes. Prior to that, he spent eight years working in intelligence and security at the UK Ministry of Defence.

Established in 2020, Vessel Protect specialises in underwriting marine war risks and kidnap & ransom (piracy), tailoring insurance protection to complex client risk and exposure, offering quote-and-bind cover via its digital platform.

As part of his new role, Anderson will be tasked with providing maritime risk intelligence to aid underwriting decisions, offering expert insight to brokers and their ship owner clients, and giving in-depth presentations to capacity providers. He will also take responsibility for product development within Vessel Protect, the further enhancement of its technology offering and increased distribution via international brokers.

Chris Goddard, co-managing director of Marine at Pen Underwriting and CEO of Vessel Protect, said: “Munro is well-known and highly respected in the field of global maritime risk intelligence, and brings a new and distinct skill set to that of our specialist underwriters. Together, we can deliver even greater value by offering a wide range of risk mitigation and risk transfer solutions in a digitally-enabled way, where the focus remains firmly on speed and simplicity of transaction in a complex risk arena. We’re excited to start working together for the benefit of all our stakeholders.”

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