Tom Downey promoted to Chief Underwriting Officer

Published On : 15 Sep 2017

Tom Downey has been part of Pen Underwriting’s Executive Team since 2014, when he joined after a successful 25-year career with RSA. For the last three years Tom has been leading Specialty, our largest and most diverse division.

In his new role (which will take effect from 01 October 2017) Tom will assume responsibility for underwriting, capacity management, pricing, analytics, risk & governance, claims and marketing across all of Pen’s trading divisions.

Tom’s promotion sees two other members of Pen’s leadership team assume new responsibilities:

- Jennifer Martin, Managing Director of Financial Lines, will join the Pen Executive, with Financial Lines becoming its own trading division and incorporating Pen’s professional indemnity accounts, directors’ & officers’, personal accident & travel, recruitment agency business and growing cyber liability portfolio.

- Steve Thornett, Development Director, will becomes Managing Director of Specialty Lines incorporating Motor Fleet, Construction, Pen’s Schemes business, the High Hazard portfolio and the Global Specialties account while continuing with some of his central innovation and development activities.