Pen Underwriting has announced the appointment of Neil Bowdrey to the newly created role of head of D&O as the firm looks to expand its presence in the directors’ and officers’ liability insurance market.
Joining this week, Bowdrey will be based in the UK and report to Adrian Scott, managing director of international and financial lines at Pen Underwriting.
He brings 35 years’ experience and is recognised as a D&O expert as well as a successful builder and leader of broader financial lines underwriting portfolios both in London and Australia.
He joins the business from Liberty Specialty Markets where he has served as D&O portfolio manager from Asia Pacific since 2017, based in Perth, Western Australia. Before that, he was a financial line manager for Western Australia at Allianz Global Corporate and Speciality, following a similar role at AIG, having relocated from London in 2005.
Adrian Scott, managing director of International & Financial Lines at Pen Underwriting, said: “D&O is a dynamic market with considerable pricing momentum that is attracting new capacity to the marketplace. With Neil’s appointment and Pen’s strong distribution platform for insurer partners, we can provide excellent distribution for new and existing D&O capacity. Given the current market dynamics it’s the ideal time to invest in expanding and evolving Pen’s D&O offering to the forefront of our international & financial lines portfolio.
“Neil’s extensive experience in both the London and Australian markets will see him bring to Pen not only expert knowledge, strong leadership credentials and a great international reputation but the D&O firepower needed to ensure we expand out our capabilities and deliver on our ambitious plans in these new areas. We very much look forward to welcoming Neil to the team.”
Nick Wright, chief business development officer at Pen Underwriting, added: “Investing in top industry talent like Neil, to enable us to expand into new niche areas, write more diverse risks and in turn support our broker clients in growing their own businesses, is a core part of our strategic mix for accelerated growth. Alongside acquisitions and innovation, investing in strategic new hires is what will enable Pen to really move the dial.”